Aevitas Wealth Management Inc. Decreases Position in The Coca-Cola Co (NYSE:KO)

Aevitas Wealth Management Inc. cut its position in The Coca-Cola Co (NYSE:KO) by 8.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 31,401 shares of the company’s stock after selling 2,741 shares during the period. The Coca-Cola makes up about 1.7% of Aevitas Wealth Management Inc.’s investment portfolio, making the stock its 17th largest holding. Aevitas Wealth Management Inc.’s holdings in The Coca-Cola were worth $1,709,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Marshall Wace North America L.P. purchased a new stake in shares of The Coca-Cola during the 1st quarter valued at $1,088,000. LVM Capital Management Ltd. MI increased its position in shares of The Coca-Cola by 3.3% in the second quarter. LVM Capital Management Ltd. MI now owns 25,238 shares of the company’s stock valued at $1,285,000 after acquiring an additional 800 shares during the period. Baystate Wealth Management LLC increased its position in shares of The Coca-Cola by 7.3% in the second quarter. Baystate Wealth Management LLC now owns 4,933 shares of the company’s stock valued at $254,000 after acquiring an additional 336 shares during the period. Rockland Trust Co. increased its position in shares of The Coca-Cola by 3.6% in the second quarter. Rockland Trust Co. now owns 153,296 shares of the company’s stock valued at $7,806,000 after acquiring an additional 5,375 shares during the period. Finally, WINTON GROUP Ltd increased its position in shares of The Coca-Cola by 22.4% in the second quarter. WINTON GROUP Ltd now owns 996,025 shares of the company’s stock valued at $50,718,000 after acquiring an additional 182,609 shares during the period. 67.51% of the stock is owned by institutional investors and hedge funds.

NYSE:KO traded down $0.40 during mid-day trading on Monday, hitting $54.38. 2,111,380 shares of the company’s stock were exchanged, compared to its average volume of 10,813,450. The Coca-Cola Co has a one year low of $44.42 and a one year high of $55.92. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The business has a fifty day moving average price of $54.29 and a 200 day moving average price of $51.51. The company has a market cap of $230.01 billion, a PE ratio of 26.14, a P/E/G ratio of 3.74 and a beta of 0.45.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The Coca-Cola’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

In other news, SVP Lisa Chang bought 500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the purchase, the senior vice president now owns 5,448 shares in the company, valued at approximately $290,051.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nikolaos Koumettis sold 146,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the completion of the transaction, the insider now owns 244,451 shares in the company, valued at approximately $13,276,133.81. The disclosure for this sale can be found here. Insiders have sold 429,638 shares of company stock worth $23,411,372 in the last three months. 1.33% of the stock is currently owned by insiders.

KO has been the topic of a number of analyst reports. Atlantic Securities initiated coverage on shares of The Coca-Cola in a research report on Monday, July 29th. They issued an “overweight” rating and a $62.00 price objective on the stock. HSBC restated a “neutral” rating and issued a $52.00 price objective on shares of The Coca-Cola in a research report on Wednesday, July 24th. JPMorgan Chase & Co. set a $59.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Friday. ValuEngine cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Deutsche Bank lifted their target price on shares of The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and a consensus price target of $54.50.

The Coca-Cola Company 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.

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

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