Tanager Wealth Management LLP Has $269,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Tanager Wealth Management LLP boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 41.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,315 shares of the company’s stock after buying an additional 1,255 shares during the period. Tanager Wealth Management LLP’s holdings in Coca-Cola were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KO. E. Ohman J or Asset Management AB boosted its holdings in Coca-Cola by 11.5% during the fourth quarter. E. Ohman J or Asset Management AB now owns 184,340 shares of the company’s stock worth $11,477,000 after purchasing an additional 19,040 shares during the last quarter. James J. Burns & Company LLC lifted its position in shares of Coca-Cola by 27.2% during the 4th quarter. James J. Burns & Company LLC now owns 8,212 shares of the company’s stock worth $511,000 after buying an additional 1,758 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Coca-Cola by 0.6% in the 4th quarter. Mather Group LLC. now owns 61,102 shares of the company’s stock worth $3,804,000 after buying an additional 337 shares during the last quarter. Stephens Consulting LLC grew its holdings in shares of Coca-Cola by 12.1% in the fourth quarter. Stephens Consulting LLC now owns 2,858 shares of the company’s stock valued at $178,000 after acquiring an additional 308 shares in the last quarter. Finally, Welch Group LLC increased its position in shares of Coca-Cola by 2.2% during the fourth quarter. Welch Group LLC now owns 249,437 shares of the company’s stock valued at $15,473,000 after acquiring an additional 5,257 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KO. JPMorgan Chase & Co. decreased their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Morgan Stanley decreased their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average price target of $72.13.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of Coca-Cola 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 approximately $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is owned by company insiders.

Coca-Cola Price Performance

Shares of NYSE KO opened at $62.68 on Wednesday. The stock has a market cap of $270.00 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The Coca-Cola Company has a fifty-two week low of $57.93 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The stock has a fifty day moving average of $62.62 and a 200-day moving average of $66.38.

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.