Town & Country Bank & Trust CO dba First Bankers Trust CO Has $2.44 Million Position in The Coca-Cola Company (NYSE:KO)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 39,198 shares of the company’s stock after purchasing an additional 169 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Coca-Cola were worth $2,440,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Quarry LP acquired a new stake in Coca-Cola during the second quarter valued at approximately $27,000. Hara Capital LLC acquired a new position in shares of Coca-Cola in the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the 3rd quarter worth approximately $36,000. MidAtlantic Capital Management Inc. acquired a new stake in Coca-Cola in the 3rd quarter valued at $43,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Coca-Cola in the fourth quarter valued at $37,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KO. UBS Group lowered their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Morgan Stanley cut 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 note on Thursday, October 24th. Truist Financial lifted their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Piper Sandler decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.07.

Coca-Cola Stock Performance

Shares of KO stock opened at $63.84 on Tuesday. The stock has a market cap of $275.03 billion, a P/E ratio of 26.38, a P/E/G ratio of 3.38 and a beta of 0.61. The company has a fifty day moving average price of $62.62 and a two-hundred day moving average price of $66.41. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 342,546 shares of the company’s stock, 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. 0.97% of the stock is currently owned by company insiders.

Coca-Cola 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.