Atticus Wealth Management LLC Has $4.66 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Atticus Wealth Management LLC lowered its position in shares of The Coca-Cola Company (NYSE:KO) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,790 shares of the company’s stock after selling 3,489 shares during the quarter. Coca-Cola comprises 1.4% of Atticus Wealth Management LLC’s holdings, making the stock its 12th biggest position. Atticus Wealth Management LLC’s holdings in Coca-Cola were worth $4,656,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KO. Quarry LP bought a new position in Coca-Cola during the 2nd quarter worth $27,000. Hara Capital LLC bought a new position in shares of Coca-Cola in the third quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola in the third quarter valued at about $36,000. MidAtlantic Capital Management Inc. acquired a new position in Coca-Cola in the third quarter valued at about $43,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Coca-Cola during the fourth quarter worth about $37,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In related 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 value of $6,403,000.00. Following the transaction, the chief executive officer now owns 342,546 shares in the company, valued at $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.7 %

Shares of NYSE KO opened at $61.98 on Monday. The stock has a market cap of $267.01 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 3.38 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. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53. The firm has a 50 day moving average price of $62.62 and a two-hundred day moving average price of $66.39.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays dropped their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. UBS Group cut their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Morgan Stanley decreased their price target 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. Truist Financial upped their price objective on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, TD Cowen upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 8th. Two equities research 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. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $72.07.

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.