Atlas Private Wealth Advisors Buys 413 Shares of The Coca-Cola Company (NYSE:KO)

Atlas Private Wealth Advisors lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 29,730 shares of the company’s stock after acquiring an additional 413 shares during the period. Atlas Private Wealth Advisors’ holdings in Coca-Cola were worth $1,851,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Fred Alger Management LLC increased its holdings in Coca-Cola by 7.5% during the 2nd quarter. Fred Alger Management LLC now owns 102,078 shares of the company’s stock worth $6,497,000 after purchasing an additional 7,160 shares in the last quarter. MBB Public Markets I LLC boosted its position in shares of Coca-Cola by 1,716.8% during the second quarter. MBB Public Markets I LLC now owns 290,784 shares of the company’s stock valued at $18,508,000 after buying an additional 274,779 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Coca-Cola by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,393,352 shares of the company’s stock worth $152,337,000 after buying an additional 22,623 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Coca-Cola by 7.6% during the 2nd quarter. Mackenzie Financial Corp now owns 3,851,055 shares of the company’s stock valued at $245,120,000 after acquiring an additional 272,896 shares in the last quarter. Finally, Lummis Asset Management LP boosted its holdings in Coca-Cola by 1.1% during the 2nd quarter. Lummis Asset Management LP now owns 14,855 shares of the company’s stock worth $946,000 after acquiring an additional 167 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the transaction, the chief executive officer now owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KO. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, January 8th. Piper Sandler decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group cut their price target on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays reduced their target price 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. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.07.

Coca-Cola Stock Up 0.7 %

KO stock opened at $61.98 on Friday. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53. The firm has a market capitalization of $267.01 billion, a PE ratio of 25.61, a PEG ratio of 3.38 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The stock has a 50-day simple moving average of $62.61 and a two-hundred day simple moving average of $66.37.

Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. Coca-Cola’s revenue was down .8% on a year-over-year basis. On average, equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

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.