---
title: "Retirement Systems of Alabama Boosts Stake in The Coca-Cola Company (NYSE:KO)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/227204395.md"
description: "Retirement Systems of Alabama increased its stake in The Coca-Cola Company (NYSE:KO) by 50.3% in Q4, owning 1,812,940 shares valued at $112.87 million. Other institutional investors also raised their holdings. Coca-Cola's stock opened at $62.68, down 1.1%, with a market cap of $270 billion. Analysts have mixed ratings, with an average target price of $72.13. CEO James Quincey sold 100,000 shares, reducing his stake by 22.6%."
datetime: "2025-02-05T11:26:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/227204395.md)
  - [en](https://longbridge.com/en/news/227204395.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/227204395.md)
---

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# Retirement Systems of Alabama Boosts Stake in The Coca-Cola Company (NYSE:KO)

Retirement Systems of Alabama raised its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,812,940 shares of the company's stock after buying an additional 606,328 shares during the quarter. Retirement Systems of Alabama's holdings in Coca-Cola were worth $112,874,000 as of its most recent filing with the Securities & Exchange Commission.

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Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Coca-Cola by 13.7% in the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company's stock worth $6,680,205,000 after purchasing an additional 11,206,995 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Coca-Cola by 14.5% in the 3rd quarter. Wellington Management Group LLP now owns 31,615,428 shares of the company's stock worth $2,271,885,000 after purchasing an additional 4,013,996 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Coca-Cola in the 3rd quarter worth about $269,382,000. Geode Capital Management LLC boosted its holdings in shares of Coca-Cola by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,957,028 shares of the company's stock worth $6,664,005,000 after purchasing an additional 2,966,964 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of Coca-Cola by 7,006.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company's stock worth $178,104,000 after purchasing an additional 2,443,612 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

## Coca-Cola Stock Down 1.1 %

Shares of NYSE:KO opened at $62.68 on Wednesday. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm has a market capitalization of $270.00 billion, a P/E ratio of 25.90, a P/E/G ratio of 3.56 and a beta of 0.61. The stock has a 50 day moving average price of $62.62 and a 200-day moving average price of $66.38. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

## Insider Buying and Selling

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In related news, CEO James Quincey sold 100,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This represents a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by company insiders.

## Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KO shares. Piper Sandler cut their price objective on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a "hold" rating to a "buy" rating and boosted their target price for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Truist Financial boosted their target price on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. UBS Group lowered their target price on Coca-Cola from $82.00 to $72.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Barclays lowered their target price on Coca-Cola from $73.00 to $66.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $72.13.

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**Get Our Latest Stock Report on KO**

## Coca-Cola Company Profile

(Free Report)

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.

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_This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com._

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