Silver Lake Advisory LLC Sells 505 Shares of The Coca-Cola Co (NYSE:KO)

Silver Lake Advisory LLC decreased its position in The Coca-Cola Co (NYSE:KO) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 42,336 shares of the company’s stock after selling 505 shares during the quarter. Silver Lake Advisory LLC’s holdings in The Coca-Cola were worth $2,305,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KO. Krane Funds Advisors LLC acquired a new position in The Coca-Cola in the second quarter valued at about $25,000. LFA Lugano Financial Advisors SA lifted its stake in The Coca-Cola by 348.8% in the second 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 during the period. Redhawk Wealth Advisors Inc. acquired a new position in The Coca-Cola in the second quarter valued at about $36,000. Prime Capital Investment Advisors LLC lifted its stake in The Coca-Cola by 49.6% in the second quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock valued at $46,000 after buying an additional 300 shares during the period. Finally, Canton Hathaway LLC lifted its stake in The Coca-Cola by 83.5% in the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 67.51% of the company’s stock.

The Coca-Cola stock traded down $0.51 during midday trading on Monday, reaching $54.27. The stock had a trading volume of 2,342,491 shares, compared to its average volume of 10,813,450. The firm’s fifty day simple moving average is $54.29 and its 200-day simple moving average is $51.51. The Coca-Cola Co has a 1-year low of $44.42 and a 1-year high of $55.92. The stock has a market capitalization of $230.01 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 3.74 and a beta of 0.45. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83.

The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter last year, the firm earned $0.57 EPS. The Coca-Cola’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. ValuEngine lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks increased their target price on The Coca-Cola to $60.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. Morgan Stanley set a $60.00 target price on The Coca-Cola and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Bank of America reissued a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of The Coca-Cola in a research note on Wednesday, July 24th. Finally, Guggenheim set a $59.00 target price on The Coca-Cola and gave the company a “buy” rating in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and an average price target of $54.50.

In other The Coca-Cola news, SVP Francisco Crespo sold 130,637 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $55.15, for a total value of $7,204,630.55. Following the completion of the transaction, the senior vice president now directly owns 139,975 shares in the company, valued at $7,719,621.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Beatriz R. Perez sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $53.40, for a total value of $747,600.00. Following the completion of the transaction, the senior vice president now owns 108,457 shares of the company’s stock, valued at $5,791,603.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 429,638 shares of company stock valued at $23,411,372. Corporate insiders own 1.33% of the company’s stock.

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

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