The Coca-Cola Company (NYSE:KO) Shares Acquired by CWS Financial Advisors LLC

CWS Financial Advisors LLC increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 10.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,694 shares of the company’s stock after purchasing an additional 706 shares during the period. CWS Financial Advisors LLC’s holdings in Coca-Cola were worth $553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Suvretta Capital Management LLC increased its holdings in shares of Coca-Cola by 5.0% in the third quarter. Suvretta Capital Management LLC now owns 588,912 shares of the company’s stock valued at $42,319,000 after purchasing an additional 28,299 shares during the period. Teachers Insurance & Annuity Association of America acquired a new position in Coca-Cola in the 3rd quarter valued at $1,313,000. Vinva Investment Management Ltd raised its position in Coca-Cola by 15.9% during the 3rd quarter. Vinva Investment Management Ltd now owns 189,235 shares of the company’s stock worth $13,585,000 after buying an additional 25,922 shares during the last quarter. Noesis Capital Mangement Corp acquired a new stake in shares of Coca-Cola in the 3rd quarter worth $233,000. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Coca-Cola by 17.1% in the third quarter. Public Sector Pension Investment Board now owns 140,909 shares of the company’s stock valued at $10,126,000 after acquiring an additional 20,600 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. The trade was a 22.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target 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. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Truist Financial lifted their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley cut their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.36.

Coca-Cola Trading Down 0.2 %

Shares of Coca-Cola stock opened at $64.43 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a 1 year low of $57.47 and a 1 year high of $73.53. The company has a market capitalization of $277.55 billion, a P/E ratio of 26.62, a P/E/G ratio of 3.91 and a beta of 0.61. The business has a 50 day moving average price of $67.22 and a 200 day moving average price of $66.56.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Sell-side analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 3.01%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

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.