Atria Investments Inc Has $21 Million Stake in CocaCola Company (The) $KO

Atria Investments Inc cut its holdings in CocaCola Company (The) (NYSE:KO) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 296,872 shares of the company’s stock after selling 8,008 shares during the period. Atria Investments Inc’s holdings in CocaCola were worth $21,004,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Savvy Advisors Inc. grew its stake in shares of CocaCola by 13.6% in the second quarter. Savvy Advisors Inc. now owns 36,473 shares of the company’s stock worth $2,580,000 after acquiring an additional 4,379 shares during the last quarter. Assetmark Inc. grew its position in CocaCola by 42.1% during the second quarter. Assetmark Inc. now owns 249,065 shares of the company’s stock worth $17,621,000 after buying an additional 73,735 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in CocaCola by 15.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 15,797 shares of the company’s stock valued at $1,118,000 after acquiring an additional 2,139 shares in the last quarter. Buck Wealth Strategies LLC lifted its position in shares of CocaCola by 9.4% in the 2nd quarter. Buck Wealth Strategies LLC now owns 154,429 shares of the company’s stock worth $10,926,000 after acquiring an additional 13,224 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of CocaCola by 3.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 156,398 shares of the company’s stock worth $11,065,000 after purchasing an additional 5,341 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of several research reports. BNP Paribas reaffirmed an “outperform” rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. Barclays restated an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. TD Cowen raised their target price on CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a report on Tuesday, October 21st. Finally, Cowen reissued a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $78.31.

CocaCola Price Performance

Shares of KO stock opened at $68.30 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. CocaCola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The firm has a market cap of $293.82 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.66 and a beta of 0.43. The stock has a 50-day moving average price of $67.79 and a 200 day moving average price of $69.71.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. The business had revenue of $11.40 billion for the quarter. Research analysts expect that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, December 1st. CocaCola’s dividend payout ratio (DPR) is currently 67.55%.

Insider Buying and Selling

In other news, Director Max R. Levchin bought 7,206 shares of the stock in a transaction on Friday, October 24th. The stock was purchased at an average price of $69.87 per share, with a total value of $503,483.22. Following the completion of the purchase, the director owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. This trade represents a 102.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the transaction, the insider directly owned 209,513 shares of the company’s stock, valued at $14,477,348.30. This trade represents a 15.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.97% of the stock is owned by insiders.

About CocaCola

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.