Altium Wealth Management LLC Has $2.08 Million Stock Holdings in The Coca-Cola Co (NYSE:KO)

Altium Wealth Management LLC increased its position in shares of The Coca-Cola Co (NYSE:KO) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,485 shares of the company’s stock after acquiring an additional 409 shares during the quarter. Altium Wealth Management LLC’s holdings in The Coca-Cola were worth $2,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KO. Tiemann Investment Advisors LLC increased its holdings in shares of The Coca-Cola by 2.0% in the third quarter. Tiemann Investment Advisors LLC now owns 9,487 shares of the company’s stock worth $516,000 after acquiring an additional 189 shares in the last quarter. Executive Wealth Management LLC grew its holdings in shares of The Coca-Cola by 11.9% during the third quarter. Executive Wealth Management LLC now owns 1,843 shares of the company’s stock worth $100,000 after buying an additional 196 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of The Coca-Cola by 1.2% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,168 shares of the company’s stock worth $935,000 after buying an additional 197 shares in the last quarter. M. Kraus & Co grew its holdings in shares of The Coca-Cola by 4.2% during the third quarter. M. Kraus & Co now owns 5,009 shares of the company’s stock worth $273,000 after buying an additional 200 shares in the last quarter. Finally, LifePlan Financial Group Inc grew its holdings in shares of The Coca-Cola by 6.0% during the third quarter. LifePlan Financial Group Inc now owns 3,558 shares of the company’s stock worth $194,000 after buying an additional 200 shares in the last quarter. 67.54% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Larry M. Mark sold 90,289 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $54.93, for a total value of $4,959,574.77. Following the completion of the sale, the vice president now directly owns 93,474 shares of the company’s stock, valued at $5,134,526.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nancy Quan sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.90, for a total value of $1,293,600.00. Following the completion of the sale, the senior vice president now directly owns 189,049 shares of the company’s stock, valued at $10,189,741.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,289 shares of company stock valued at $8,113,175. Insiders own 1.33% of the company’s stock.

A number of research analysts recently issued reports on KO shares. Evercore ISI reiterated a “buy” rating and set a $60.00 price objective on shares of The Coca-Cola in a report on Sunday, November 17th. Deutsche Bank increased their price target on The Coca-Cola from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $63.00 in a research report on Wednesday, October 23rd. Credit Suisse Group raised The Coca-Cola from a “neutral” rating to an “outperform” rating and increased their price target for the company from $54.00 to $64.00 in a research report on Thursday, January 9th. Finally, Wells Fargo & Co set a $60.00 price target on The Coca-Cola and gave the company a “buy” rating in a research report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The Coca-Cola has a consensus rating of “Buy” and an average target price of $57.05.

Shares of KO traded up $0.07 during mid-day trading on Friday, reaching $56.89. The company’s stock had a trading volume of 3,637,046 shares, compared to its average volume of 13,193,591. The Coca-Cola Co has a 1-year low of $44.42 and a 1-year high of $56.98. The stock has a market cap of $239.93 billion, a P/E ratio of 27.35, a PEG ratio of 3.81 and a beta of 0.42. The business has a 50-day simple moving average of $54.71 and a two-hundred day simple moving average of $53.78. The company has a current ratio of 0.92, a quick ratio of 0.79 and a debt-to-equity ratio of 1.50.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Research analysts anticipate that The Coca-Cola Co will post 2.1 EPS for the current year.

The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Further Reading: Initial Coin Offering (ICO)

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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