Migdal Insurance & Financial Holdings Ltd. Has $276,000 Stake in The Coca-Cola Company (NYSE:KO)

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,439 shares of the company’s stock after selling 695 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Coca-Cola were worth $276,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harvest Portfolios Group Inc. bought a new position in Coca-Cola during the 3rd quarter worth approximately $18,383,000. Balentine LLC boosted its stake in Coca-Cola by 92.4% during the 3rd quarter. Balentine LLC now owns 28,493 shares of the company’s stock worth $2,048,000 after acquiring an additional 13,685 shares during the last quarter. Rice Partnership LLC boosted its stake in Coca-Cola by 7.1% during the 4th quarter. Rice Partnership LLC now owns 102,746 shares of the company’s stock worth $6,397,000 after acquiring an additional 6,793 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in Coca-Cola by 104.9% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 116,214 shares of the company’s stock valued at $8,351,000 after buying an additional 59,503 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in shares of Coca-Cola by 87.7% in the fourth quarter. Fiduciary Alliance LLC now owns 18,189 shares of the company’s stock valued at $1,132,000 after buying an additional 8,499 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of several research analyst reports. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $75.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target 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 28th. Piper Sandler reduced their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average target price of $72.19.

Coca-Cola Stock Performance

Shares of KO stock opened at $63.84 on Friday. The stock has a market cap of $275.03 billion, a P/E ratio of 26.38, a P/E/G ratio of 3.56 and a beta of 0.61. 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 has a fifty day moving average price of $62.54 and a two-hundred day moving average price of $66.32. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

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.