The Coca-Cola Company (NYSE:KO) Shares Purchased by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC increased its position in shares of The Coca-Cola Company (NYSE:KO) by 47.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,242 shares of the company’s stock after acquiring an additional 2,669 shares during the period. Koss Olinger Consulting LLC’s holdings in Coca-Cola were worth $592,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Penn Davis Mcfarland Inc. acquired a new position in Coca-Cola during the third quarter worth about $6,159,000. Brown Lisle Cummings Inc. grew its holdings in Coca-Cola by 1.4% during the third quarter. Brown Lisle Cummings Inc. now owns 18,601 shares of the company’s stock worth $1,337,000 after acquiring an additional 256 shares during the period. McClarren Financial Advisors Inc. grew its holdings in Coca-Cola by 352.5% during the third quarter. McClarren Financial Advisors Inc. now owns 1,724 shares of the company’s stock worth $124,000 after acquiring an additional 1,343 shares during the period. Cannon Financial Strategists Inc. increased its stake in Coca-Cola by 4.3% in the 3rd quarter. Cannon Financial Strategists Inc. now owns 59,164 shares of the company’s stock worth $4,252,000 after purchasing an additional 2,428 shares in the last quarter. Finally, Vest Financial LLC increased its stake in Coca-Cola by 2.4% in the 3rd quarter. Vest Financial LLC now owns 783,922 shares of the company’s stock worth $56,333,000 after purchasing an additional 18,119 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KO shares. Deutsche Bank Aktiengesellschaft lifted their price target on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Truist Financial lifted their price target on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley lifted their price target on Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 27th. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Barclays lifted their price target on Coca-Cola from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Coca-Cola Stock Up 0.8 %

Shares of Coca-Cola stock opened at $70.44 on Monday. The firm has a market cap of $303.45 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 3.92 and a beta of 0.60. 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 Coca-Cola Company has a 52-week low of $53.86 and a 52-week high of $73.53. The stock has a 50-day simple moving average of $70.70 and a 200-day simple moving average of $65.80.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The firm had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.78 billion. During the same period in the previous year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.485 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 2.75%. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Insider Buying and Selling

In related news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $30,987,070.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 356,792 shares of company stock worth $24,728,364. 0.97% of the stock is currently owned by insiders.

Coca-Cola 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.