Atomi Financial Group Inc. Purchases 3,667 Shares of The Coca-Cola Company (NYSE:KO)

Atomi Financial Group Inc. lifted its holdings in The Coca-Cola Company (NYSE:KO) by 13.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,189 shares of the company’s stock after purchasing an additional 3,667 shares during the period. Atomi Financial Group Inc.’s holdings in Coca-Cola were worth $1,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in Coca-Cola by 9.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,653 shares of the company’s stock worth $233,000 after purchasing an additional 329 shares during the period. EverSource Wealth Advisors LLC increased its position in Coca-Cola by 4.6% in the second quarter. EverSource Wealth Advisors LLC now owns 12,992 shares of the company’s stock worth $867,000 after buying an additional 573 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Coca-Cola by 105.8% in the second quarter. Public Sector Pension Investment Board now owns 120,309 shares of the company’s stock worth $7,658,000 after buying an additional 61,848 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Coca-Cola by 14.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 39,992 shares of the company’s stock valued at $2,565,000 after buying an additional 4,999 shares in the last quarter. Finally, Providence Capital Advisors LLC grew its stake in shares of Coca-Cola by 1.3% during the 2nd quarter. Providence Capital Advisors LLC now owns 43,807 shares of the company’s stock valued at $2,788,000 after acquiring an additional 544 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.5 %

NYSE KO opened at $62.39 on Wednesday. The stock has a 50 day moving average price of $62.67 and a 200-day moving average price of $66.45. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The company has a market capitalization of $268.76 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.43 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business earned $0.74 earnings per share. Coca-Cola’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 342,546 shares in the company, valued at approximately $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 accessible through this hyperlink. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

KO has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley lowered their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $68.00 to $70.00 in a research note on Thursday, December 12th. Barclays lowered their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two research 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. Based on data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $72.13.

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.