TCI Wealth Advisors Inc. Purchases 479 Shares of The Coca-Cola Company (NYSE:KO)

TCI Wealth Advisors Inc. raised its position in The Coca-Cola Company (NYSE:KO) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,106 shares of the company’s stock after purchasing an additional 479 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Coca-Cola were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KO. Keudell Morrison Wealth Management lifted its holdings in shares of Coca-Cola by 4.2% during the fourth quarter. Keudell Morrison Wealth Management now owns 11,093 shares of the company’s stock worth $691,000 after purchasing an additional 449 shares during the period. AA Financial Advisors LLC raised its position in Coca-Cola by 1.8% during the 4th quarter. AA Financial Advisors LLC now owns 12,164 shares of the company’s stock worth $757,000 after purchasing an additional 212 shares during the last quarter. Hunter Associates Investment Management LLC lifted its holdings in Coca-Cola by 8.8% during the 4th quarter. Hunter Associates Investment Management LLC now owns 11,500 shares of the company’s stock worth $717,000 after buying an additional 927 shares during the period. Luken Investment Analytics LLC grew its position in shares of Coca-Cola by 19.4% in the 4th quarter. Luken Investment Analytics LLC now owns 2,150 shares of the company’s stock valued at $134,000 after buying an additional 350 shares during the last quarter. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $126,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on KO shares. Piper Sandler reduced their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Wednesday, January 8th. Truist Financial lifted their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.13.

Coca-Cola Price Performance

Shares of KO opened at $64.05 on Friday. The business’s fifty day moving average is $62.65 and its 200 day moving average is $66.37. The Coca-Cola Company has a 12-month low of $57.93 and a 12-month high of $73.53. 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 stock has a market cap of $275.90 billion, a P/E ratio of 26.47, a P/E/G ratio of 3.52 and a beta of 0.61.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the transaction, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.97% of the company’s stock.

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.