Geneos Wealth Management Inc. Boosts Position in The Coca-Cola Company (NYSE:KO)

Geneos Wealth Management Inc. grew its holdings in shares of The Coca-Cola Company (NYSE:KO) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,641 shares of the company’s stock after buying an additional 190 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Coca-Cola were worth $2,032,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group raised its stake in shares of Coca-Cola by 29.2% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,878 shares of the company’s stock valued at $120,000 after purchasing an additional 425 shares during the period. Texas Capital Bank Wealth Management Services Inc grew its holdings in Coca-Cola by 64.0% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,704 shares of the company’s stock valued at $363,000 after purchasing an additional 2,226 shares in the last quarter. Kathmere Capital Management LLC increased its stake in Coca-Cola by 13.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 5,605 shares of the company’s stock worth $357,000 after buying an additional 683 shares during the period. Bontempo Ohly Capital Mgmt LLC lifted its holdings in Coca-Cola by 1.4% in the 2nd quarter. Bontempo Ohly Capital Mgmt LLC now owns 67,878 shares of the company’s stock worth $4,320,000 after buying an additional 930 shares in the last quarter. Finally, Creative Planning boosted its position in Coca-Cola by 3.8% in the 2nd quarter. Creative Planning now owns 1,781,928 shares of the company’s stock valued at $113,420,000 after buying an additional 65,533 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of several recent analyst reports. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 8th. Truist Financial upped their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price target for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Barclays reduced 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 note on Friday, January 17th. Finally, Morgan Stanley dropped their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.07.

Coca-Cola Trading Up 0.7 %

NYSE:KO opened at $61.98 on Monday. The firm has a market capitalization of $267.01 billion, a P/E ratio of 25.61, a P/E/G ratio of 3.38 and a beta of 0.61. The business has a 50 day simple moving average of $62.62 and a 200 day simple moving average of $66.39. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

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.