Vestia Personal Wealth Advisors Has $243,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Vestia Personal Wealth Advisors cut its position in The Coca-Cola Company (NYSE:KO) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,906 shares of the company’s stock after selling 233 shares during the quarter. Vestia Personal Wealth Advisors’ holdings in Coca-Cola were worth $243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Coca-Cola during the second quarter valued at approximately $27,000. Hara Capital LLC bought a new position in shares of Coca-Cola in the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Coca-Cola during the 3rd quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in Coca-Cola in the fourth quarter valued at about $37,000. Finally, MilWealth Group LLC purchased a new position in Coca-Cola in the fourth quarter valued at approximately $40,000. 70.26% of the stock is owned by institutional investors.

Coca-Cola Price Performance

KO stock opened at $62.68 on Wednesday. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. The stock has a market capitalization of $270.00 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.56 and a beta of 0.61. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The firm’s 50-day moving average price is $62.59 and its two-hundred day moving average price is $66.36.

Insider Activity at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.97% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KO has been the topic of several research reports. Piper Sandler lowered their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. UBS Group decreased their price target on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. cut 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. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, January 8th. Finally, Barclays lowered their price objective on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $72.13.

About Coca-Cola

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.