The Coca-Cola Company (NYSE:KO) Shares Bought by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC grew its holdings in shares of The Coca-Cola Company (NYSE:KO) by 525.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,971 shares of the company’s stock after purchasing an additional 6,696 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Coca-Cola were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KO. Hara Capital LLC bought a new position in Coca-Cola during the third quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Coca-Cola during the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Coca-Cola during the 4th quarter valued at about $37,000. MilWealth Group LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at about $40,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola during the 3rd quarter worth approximately $43,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 1.2 %

Coca-Cola stock opened at $64.58 on Tuesday. 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 firm has a 50-day moving average price of $62.53 and a two-hundred day moving average price of $66.32. The firm has a market capitalization of $278.18 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.55 and a beta of 0.61. The Coca-Cola Company has a 52-week low of $57.93 and a 52-week high of $73.53.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KO. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 8th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $75.00 in a research note on Thursday, January 30th. Morgan Stanley decreased their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $72.19.

Coca-Cola 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.