The Coca-Cola Co (NYSE:KO) Shares Bought by Focused Wealth Management Inc

Focused Wealth Management Inc boosted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,995 shares of the company’s stock after buying an additional 201 shares during the period. Focused Wealth Management Inc’s holdings in The Coca-Cola were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in The Coca-Cola by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 308,293,644 shares of the company’s stock valued at $15,698,312,000 after purchasing an additional 4,225,080 shares during the last quarter. Northern Trust Corp grew its stake in The Coca-Cola by 1.1% during the 2nd quarter. Northern Trust Corp now owns 52,096,293 shares of the company’s stock valued at $2,652,743,000 after purchasing an additional 589,927 shares during the last quarter. Morgan Stanley grew its stake in The Coca-Cola by 15.0% during the 2nd quarter. Morgan Stanley now owns 41,763,050 shares of the company’s stock valued at $2,126,574,000 after purchasing an additional 5,449,889 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of The Coca-Cola by 9,580.7% in the second quarter. Nuveen Asset Management LLC now owns 32,579,854 shares of the company’s stock worth $1,658,966,000 after buying an additional 32,243,310 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of The Coca-Cola by 6.1% in the third quarter. California Public Employees Retirement System now owns 24,437,038 shares of the company’s stock worth $1,330,352,000 after buying an additional 1,413,482 shares during the last quarter. 67.28% of the stock is currently owned by institutional investors.

In other The Coca-Cola news, SVP Nancy Quan sold 24,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.90, for a total transaction of $1,293,600.00. Following the completion of the transaction, the senior vice president now owns 189,049 shares of the company’s stock, valued at $10,189,741.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Francisco Crespo sold 130,637 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $55.15, for a total value of $7,204,630.55. Following the transaction, the senior vice president now directly owns 139,975 shares of the company’s stock, valued at approximately $7,719,621.25. The disclosure for this sale can be found here. Insiders sold a total of 403,026 shares of company stock valued at $22,037,406 in the last ninety days. 1.33% of the stock is currently owned by insiders.

A number of analysts have recently commented on the company. Royal Bank of Canada restated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. JPMorgan Chase & Co. set a $59.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research note on Friday, October 18th. Atlantic Securities assumed coverage on The Coca-Cola in a research note on Monday, July 29th. They issued an “overweight” rating and a $62.00 target price on the stock. Morgan Stanley restated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research note on Tuesday, October 29th. Finally, UBS Group upgraded The Coca-Cola from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $63.00 in a research note on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Buy” and an average price target of $55.95.

NYSE KO traded up $0.67 during trading hours on Wednesday, reaching $52.38. The company’s stock had a trading volume of 8,060,471 shares, compared to its average volume of 13,173,544. The firm has a market capitalization of $223.69 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 3.64 and a beta of 0.46. The Coca-Cola Co has a 1-year low of $44.42 and a 1-year high of $55.92. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The company’s 50-day moving average is $53.73 and its two-hundred day moving average is $52.30.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.42 billion. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The Coca-Cola’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 3.05%. The Coca-Cola’s payout ratio is 76.92%.

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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