Stableford Capital II LLC Has $854,000 Holdings in The Coca-Cola Company (NYSE:KO)

Stableford Capital II LLC decreased its position in The Coca-Cola Company (NYSE:KO) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 13,714 shares of the company’s stock after selling 223 shares during the period. Stableford Capital II LLC’s holdings in Coca-Cola were worth $854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky increased its holdings in shares of Coca-Cola by 4.4% in the 4th quarter. Independence Bank of Kentucky now owns 41,788 shares of the company’s stock valued at $2,602,000 after purchasing an additional 1,766 shares during the period. SeaBridge Investment Advisors LLC boosted its stake in shares of Coca-Cola by 28.7% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 8,215 shares of the company’s stock valued at $511,000 after buying an additional 1,833 shares during the period. Blossom Wealth Management grew its holdings in shares of Coca-Cola by 5.8% during the 4th quarter. Blossom Wealth Management now owns 5,175 shares of the company’s stock valued at $322,000 after acquiring an additional 285 shares in the last quarter. KG&L Capital Management LLC increased its stake in shares of Coca-Cola by 71.8% in the fourth quarter. KG&L Capital Management LLC now owns 23,231 shares of the company’s stock worth $1,446,000 after acquiring an additional 9,712 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its holdings in shares of Coca-Cola by 17.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 37,734 shares of the company’s stock worth $2,349,000 after acquiring an additional 5,565 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on KO. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays cut their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. UBS Group decreased their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $69.00 to $75.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Coca-Cola Trading Down 0.9 %

Shares of KO stock opened at $63.46 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53. The firm’s fifty day simple moving average is $62.65 and its 200 day simple moving average is $66.37. The firm has a market capitalization of $273.38 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.61.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.97% of the stock is owned by company insiders.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.