Aurora Private Wealth Inc. Sells 178 Shares of The Coca-Cola Company (NYSE:KO)

Aurora Private Wealth Inc. trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,395 shares of the company’s stock after selling 178 shares during the period. Aurora Private Wealth Inc.’s holdings in Coca-Cola were worth $336,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Coca-Cola in the 2nd quarter worth $27,000. Hara Capital LLC bought a new position in shares of Coca-Cola in the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coca-Cola in the 3rd quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola in the 4th quarter worth $37,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola in the 3rd quarter worth $43,000. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays dropped their price objective on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Morgan Stanley dropped their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Finally, 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. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.07.

Coca-Cola Stock Up 0.7 %

Shares of NYSE KO opened at $61.98 on Monday. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The business has a 50-day simple moving average of $62.62 and a two-hundred day simple moving average of $66.41. 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 cap of $267.01 billion, a P/E ratio of 25.61, a P/E/G ratio of 3.38 and a beta of 0.61.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is owned by corporate insiders.

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.