Cherry Creek Investment Advisors Inc. Has $2.87 Million Position in The Coca-Cola Company (NYSE:KO)

Cherry Creek Investment Advisors Inc. lifted its stake in The Coca-Cola Company (NYSE:KO) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,154 shares of the company’s stock after buying an additional 227 shares during the period. Coca-Cola makes up approximately 1.4% of Cherry Creek Investment Advisors Inc.’s investment portfolio, making the stock its 20th biggest position. Cherry Creek Investment Advisors Inc.’s holdings in Coca-Cola were worth $2,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Foundations Investment Advisors LLC lifted its holdings in shares of Coca-Cola by 17.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 63,763 shares of the company’s stock worth $3,970,000 after acquiring an additional 9,517 shares during the last quarter. Parsons Capital Management Inc. RI lifted its stake in Coca-Cola by 390.3% in the 4th quarter. Parsons Capital Management Inc. RI now owns 118,162 shares of the company’s stock valued at $7,357,000 after purchasing an additional 94,060 shares during the last quarter. Heartland Bank & Trust Co boosted its position in Coca-Cola by 15.1% in the fourth quarter. Heartland Bank & Trust Co now owns 9,411 shares of the company’s stock valued at $586,000 after buying an additional 1,236 shares in the last quarter. James Hambro & Partners LLP grew its stake in shares of Coca-Cola by 2.7% during the fourth quarter. James Hambro & Partners LLP now owns 1,311,170 shares of the company’s stock worth $81,666,000 after buying an additional 34,917 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its holdings in shares of Coca-Cola by 44.8% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 14,656 shares of the company’s stock valued at $912,000 after acquiring an additional 4,535 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KO shares. Wells Fargo & Company cut their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group dropped their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.07.

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were 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 in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.97% of the stock is owned by company insiders.

Coca-Cola Price Performance

KO stock opened at $63.84 on Tuesday. 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 company’s 50-day moving average is $62.62 and its 200-day moving average is $66.41. The stock has a market capitalization of $275.03 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 3.38 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.53.

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.