Capital Advisors Inc. OK Sells 166,756 Shares of The Coca-Cola Company (NYSE:KO)

Capital Advisors Inc. OK decreased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,247 shares of the company’s stock after selling 166,756 shares during the period. Capital Advisors Inc. OK’s holdings in Coca-Cola were worth $39,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KO. Lowe Brockenbrough & Co. Inc. raised its stake in Coca-Cola by 10.9% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 64,673 shares of the company’s stock valued at $4,679,000 after purchasing an additional 6,346 shares during the period. Americana Partners LLC boosted its holdings in shares of Coca-Cola by 0.4% in the 3rd quarter. Americana Partners LLC now owns 88,340 shares of the company’s stock worth $6,348,000 after purchasing an additional 319 shares during the period. Gladstone Institutional Advisory LLC increased its position in Coca-Cola by 4.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 78,619 shares of the company’s stock valued at $5,650,000 after acquiring an additional 3,415 shares during the last quarter. Shepherd Financial Partners LLC raised its position in Coca-Cola by 1.5% in the 3rd quarter. Shepherd Financial Partners LLC now owns 54,761 shares of the company’s stock worth $3,935,000 after purchasing an additional 804 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its stake in Coca-Cola by 6.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 20,727 shares of the company’s stock worth $1,489,000 after purchasing an additional 1,295 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Performance

NYSE:KO opened at $65.00 on Friday. The Coca-Cola Company has a fifty-two week low of $56.06 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The company has a fifty day moving average of $70.29 and a two-hundred day moving average of $66.26. The stock has a market capitalization of $280.01 billion, a PE ratio of 26.86, a P/E/G ratio of 4.00 and a beta of 0.60.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.98%. Coca-Cola’s dividend payout ratio is currently 80.17%.

Insider Buying and Selling

In other Coca-Cola news, EVP Lisa Chang sold 40,334 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total transaction of $2,804,826.36. Following the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at $5,150,619.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 owns 442,546 shares of the company’s stock, valued at $30,987,070.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lisa Chang sold 40,334 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total value of $2,804,826.36. Following the sale, the executive vice president now directly owns 74,067 shares in the company, valued at $5,150,619.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,870 shares of company stock valued at $18,256,369. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.80.

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.