Capital Advisors Ltd. LLC lowered its stake in shares of The Coca-Cola Co (NYSE:KO) by 47.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 646 shares of the company’s stock after selling 592 shares during the period. Capital Advisors Ltd. LLC’s holdings in The Coca-Cola were worth $35,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in The Coca-Cola during the 2nd quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA grew its holdings in The Coca-Cola by 348.8% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after buying an additional 429 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in The Coca-Cola during the 2nd quarter valued at approximately $36,000. Candriam Luxembourg S.C.A. grew its holdings in The Coca-Cola by 1.0% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock valued at $37,000 after buying an additional 6,373 shares in the last quarter. Finally, Proffitt & Goodson Inc. purchased a new stake in The Coca-Cola during the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 67.51% of the company’s stock.
A number of brokerages have issued reports on KO. Bank of America reaffirmed a “buy” rating and set a $60.00 price objective (up from $55.00) on shares of The Coca-Cola in a report on Wednesday, July 24th. UBS Group raised shares of The Coca-Cola from a “neutral” rating to a “buy” rating and increased their price objective for the company from $55.00 to $63.00 in a report on Wednesday. HSBC reaffirmed a “neutral” rating and set a $52.00 price objective on shares of The Coca-Cola in a report on Wednesday, July 24th. ValuEngine lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Atlantic Securities began coverage on shares of The Coca-Cola in a report on Monday, July 29th. They issued an “overweight” rating and a $62.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $55.60.
In related news, COO Brian John Smith sold 60,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $54.87, for a total value of $3,292,200.00. Following the completion of the sale, the chief operating officer now directly owns 174,302 shares in the company, valued at $9,563,950.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James L. Dinkins sold 18,389 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $55.00, for a total value of $1,011,395.00. Following the completion of the sale, the senior vice president now owns 69,344 shares of the company’s stock, valued at $3,813,920. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 379,026 shares of company stock valued at $20,743,806. 1.33% of the stock is owned by corporate insiders.
KO stock opened at $54.61 on Friday. The firm has a fifty day moving average price of $54.22 and a 200 day moving average price of $51.74. The Coca-Cola Co has a fifty-two week low of $44.42 and a fifty-two week high of $55.92. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.79 and a current ratio of 0.92. The firm has a market cap of $230.26 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 3.75 and a beta of 0.45.
The Coca-Cola (NYSE:KO) last posted its earnings results on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The firm had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same period last year, the firm posted $0.57 earnings per share. The Coca-Cola’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts predict that The Coca-Cola Co will post 2.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 2.93%. The Coca-Cola’s dividend payout ratio is presently 76.92%.
The Coca-Cola 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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