Avior Wealth Management LLC Acquires 691 Shares of The Coca-Cola Company (NYSE:KO)

Avior Wealth Management LLC lifted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,475 shares of the company’s stock after purchasing an additional 691 shares during the period. Avior Wealth Management LLC’s holdings in Coca-Cola were worth $1,337,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KO. Quarry LP bought a new position in shares of Coca-Cola during the 2nd quarter worth approximately $27,000. Hara Capital LLC bought a new stake in shares of Coca-Cola in the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Coca-Cola during the 3rd quarter valued at $36,000. MidAtlantic Capital Management Inc. bought a new position in Coca-Cola during the third quarter worth $43,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Coca-Cola in the fourth quarter worth $37,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 research analyst reports. TD Cowen raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 8th. Piper Sandler cut their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday. Wells Fargo & Company reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $70.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.07.

Coca-Cola Price Performance

Shares of NYSE KO opened at $61.54 on Friday. 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 company has a market capitalization of $265.08 billion, a PE ratio of 25.43, a PEG ratio of 3.42 and a beta of 0.61. The stock’s 50 day moving average price is $62.63 and its 200-day moving average price is $66.40. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.53.

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

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.