Moss Adams Wealth Advisors LLC Has $832,000 Stake in The Coca-Cola Company (NYSE:KO)

Moss Adams Wealth Advisors LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,498 shares of the company’s stock after buying an additional 242 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Coca-Cola were worth $832,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Sage Financial Management Group Inc. bought a new position in Coca-Cola in the third quarter worth $217,000. Net Worth Advisory Group bought a new position in shares of Coca-Cola during the 3rd quarter worth about $323,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Coca-Cola during the 3rd quarter valued at about $222,000. Stratos Wealth Advisors LLC increased its stake in Coca-Cola by 1.2% in the third quarter. Stratos Wealth Advisors LLC now owns 25,670 shares of the company’s stock valued at $1,845,000 after acquiring an additional 316 shares during the period. Finally, Stratos Wealth Partners LTD. raised its position in Coca-Cola by 7.5% in the third quarter. Stratos Wealth Partners LTD. now owns 133,473 shares of the company’s stock worth $9,591,000 after purchasing an additional 9,277 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.8 %

Shares of NYSE:KO opened at $70.43 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market cap of $303.41 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 3.92 and a beta of 0.60. The company has a 50 day moving average of $70.70 and a 200-day moving average of $65.72. The Coca-Cola Company has a one year low of $53.86 and a one year high of $73.53.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 EPS. On average, sell-side analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current 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. This represents a $1.94 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio is currently 77.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday. Cfra reissued a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Wells Fargo & Company upped their target price on shares of Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Citigroup upped 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. Finally, Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 37,787 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $66.96, for a total value of $2,530,217.52. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,954,176.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Lisa Chang sold 58,122 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total value of $3,981,938.22. Following the completion of the transaction, the executive vice president now directly owns 74,067 shares of the company’s stock, valued at approximately $5,074,330.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nancy Quan sold 37,787 shares of Coca-Cola stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $66.96, for a total value of $2,530,217.52. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $14,954,176.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 356,792 shares of company stock valued at $24,728,364. 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.