Level Wealth Management LLC Makes New $490,000 Investment in The Coca-Cola Company (NYSE:KO)

Level Wealth Management LLC purchased a new position in The Coca-Cola Company (NYSE:KO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,876 shares of the company’s stock, valued at approximately $490,000. Coca-Cola makes up about 0.3% of Level Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP bought a new position in Coca-Cola during the second quarter valued at approximately $27,000. Czech National Bank raised its holdings in shares of Coca-Cola by 6.9% during the 3rd quarter. Czech National Bank now owns 790,169 shares of the company’s stock worth $56,782,000 after acquiring an additional 51,339 shares in the last quarter. Apella Capital LLC boosted its position in shares of Coca-Cola by 1.4% during the 3rd quarter. Apella Capital LLC now owns 10,533 shares of the company’s stock valued at $748,000 after acquiring an additional 146 shares during the last quarter. HBW Advisory Services LLC grew its holdings in shares of Coca-Cola by 202.5% in the third quarter. HBW Advisory Services LLC now owns 11,844 shares of the company’s stock valued at $851,000 after purchasing an additional 7,928 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC bought a new stake in Coca-Cola in the third quarter worth $225,000. 70.26% of the stock is currently owned by institutional investors.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the firm’s 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 transaction, the chief executive officer now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KO has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company lowered 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. UBS Group cut their price objective on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Coca-Cola Trading Down 0.9 %

Coca-Cola stock opened at $63.46 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The firm has a market cap of $273.38 billion, a PE ratio of 26.22, a P/E/G ratio of 3.52 and a beta of 0.61. The stock’s 50 day simple moving average is $62.65 and its two-hundred day simple moving average is $66.38. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53.

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.