Atria Wealth Solutions Inc. Decreases Stock Position in The Coca-Cola Company (NYSE:KO)

Atria Wealth Solutions Inc. reduced its position in The Coca-Cola Company (NYSE:KO) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,410 shares of the company’s stock after selling 1,498 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Coca-Cola were worth $13,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Capital Advisors Ltd. LLC lifted its stake in Coca-Cola by 17.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 3,393 shares of the company’s stock worth $200,000 after purchasing an additional 495 shares during the last quarter. Wynn Capital LLC purchased a new position in Coca-Cola during the 4th quarter valued at about $1,198,000. Alaska Permanent Fund Corp grew its holdings in shares of Coca-Cola by 1.7% during the 4th quarter. Alaska Permanent Fund Corp now owns 86,768 shares of the company’s stock worth $5,113,000 after acquiring an additional 1,432 shares during the period. Fountainhead AM LLC raised its position in shares of Coca-Cola by 5.7% in the 4th quarter. Fountainhead AM LLC now owns 3,795 shares of the company’s stock worth $224,000 after acquiring an additional 205 shares in the last quarter. Finally, Arbor Wealth Advisors LLC bought a new position in shares of Coca-Cola in the 4th quarter worth approximately $439,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KO has been the subject of several research reports. Citigroup increased their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. decreased their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, Barclays raised their price objective on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Insider Buying and Selling at Coca-Cola

In other news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total value of $15,063,636.72. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $26,968,753.24. The disclosure for this sale can be found here. Insiders have sold a total of 375,407 shares of company stock valued at $22,795,742 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Performance

Shares of KO stock traded up $0.39 on Thursday, reaching $61.94. The stock had a trading volume of 9,255,552 shares, compared to its average volume of 13,910,007. The stock has a market cap of $267.04 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.13. The company has a 50 day simple moving average of $60.02 and a 200 day simple moving average of $58.74.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. Coca-Cola’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Equities research analysts expect that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a yield of 3.13%. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

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.