Stratos Wealth Advisors LLC Sells 640 Shares of The Coca-Cola Company (NYSE:KO)

Stratos Wealth Advisors LLC reduced its holdings in shares of The Coca-Cola Company (NYSE:KO) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 25,030 shares of the company’s stock after selling 640 shares during the period. Stratos Wealth Advisors LLC’s holdings in Coca-Cola were worth $1,558,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Czech National Bank grew its position in Coca-Cola by 6.9% during the 3rd quarter. Czech National Bank now owns 790,169 shares of the company’s stock valued at $56,782,000 after purchasing an additional 51,339 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Coca-Cola by 11.2% in the third quarter. Miracle Mile Advisors LLC now owns 9,643 shares of the company’s stock worth $693,000 after buying an additional 972 shares in the last quarter. Insight Wealth Strategies LLC purchased a new stake in shares of Coca-Cola during the third quarter valued at approximately $201,000. Atomi Financial Group Inc. increased its position in shares of Coca-Cola by 11.2% during the third quarter. Atomi Financial Group Inc. now owns 26,522 shares of the company’s stock valued at $1,906,000 after acquiring an additional 2,678 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. raised its holdings in Coca-Cola by 44.1% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 6,988 shares of the company’s stock worth $502,000 after acquiring an additional 2,139 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KO. UBS Group cut their target price on Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley dropped their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, January 8th. Barclays dropped their price target on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company decreased their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Coca-Cola Price Performance

Shares of Coca-Cola stock opened at $63.13 on Thursday. The stock has a market cap of $271.94 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.56 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 stock’s fifty day moving average is $62.59 and its 200 day moving average is $66.36. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.97% of the company’s stock.

About Coca-Cola

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.