The Coca-Cola Company (NYSE:KO) Holdings Lifted by Valmark Advisers Inc.

Valmark Advisers Inc. lifted its holdings in shares of The Coca-Cola Company (NYSE:KOFree Report) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39,326 shares of the company’s stock after acquiring an additional 839 shares during the period. Valmark Advisers Inc.’s holdings in Coca-Cola were worth $2,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dodds Wealth LLC raised its position in shares of Coca-Cola by 11.0% during the 3rd quarter. Dodds Wealth LLC now owns 3,739 shares of the company’s stock worth $259,000 after buying an additional 370 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of Coca-Cola by 59.1% during the third quarter. Diversify Advisory Services LLC now owns 93,105 shares of the company’s stock valued at $6,466,000 after acquiring an additional 34,592 shares during the period. Fortitude Family Office LLC raised its holdings in Coca-Cola by 235.8% during the third quarter. Fortitude Family Office LLC now owns 2,995 shares of the company’s stock worth $215,000 after purchasing an additional 2,103 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Coca-Cola by 238.4% in the third quarter. China Universal Asset Management Co. Ltd. now owns 32,169 shares of the company’s stock worth $2,327,000 after purchasing an additional 22,662 shares during the period. Finally, Traynor Capital Management Inc. boosted its stake in Coca-Cola by 12.5% during the 3rd quarter. Traynor Capital Management Inc. now owns 5,201 shares of the company’s stock valued at $374,000 after purchasing an additional 577 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on KO. JPMorgan Chase & Co. upped their price objective on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Citigroup lifted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley dropped their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, TD Cowen upped their price target on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

View Our Latest Stock Report on Coca-Cola

Coca-Cola Trading Down 1.6 %

Shares of NYSE KO opened at $65.59 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The Coca-Cola Company has a one year low of $55.42 and a one year high of $73.53. The business has a 50-day moving average price of $70.54 and a two-hundred day moving average price of $66.22. The firm has a market capitalization of $282.54 billion, a PE ratio of 26.23, a PEG ratio of 3.91 and a beta of 0.60.

Coca-Cola (NYSE:KOGet Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. As a group, analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a dividend yield of 2.96%. Coca-Cola’s dividend payout ratio is 77.60%.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value of $7,179,360.66. Following the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $30,987,070.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Quincey sold 102,533 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value of $7,179,360.66. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 319,005 shares of company stock valued at $22,198,147. Insiders own 0.97% of the company’s stock.

Coca-Cola Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KOFree Report).

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

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.