Baldwin Wealth Partners LLC MA Lowers Stock Position in The Coca-Cola Company (NYSE:KO)

Baldwin Wealth Partners LLC MA lessened its stake in The Coca-Cola Company (NYSE:KO) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,351 shares of the company’s stock after selling 1,929 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Coca-Cola were worth $2,886,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KO. Quarry LP bought a new position in Coca-Cola in the second quarter valued at $27,000. Hara Capital LLC purchased a new position in shares of Coca-Cola in the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola during the 3rd quarter valued at about $36,000. MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola in the 3rd quarter worth approximately $43,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Coca-Cola in the fourth quarter worth approximately $37,000. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of the 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KO. Wells Fargo & Company lowered their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays cut their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 8th. Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.07.

Coca-Cola Stock Performance

Shares of KO opened at $62.92 on Monday. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a 50-day simple moving average of $62.62 and a two-hundred day simple moving average of $66.41. 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 firm has a market capitalization of $271.05 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61.

About Coca-Cola

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.