Oliver Luxxe Assets LLC lessened its holdings in The Coca-Cola Co (NYSE:KO) by 54.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,994 shares of the company’s stock after selling 10,721 shares during the period. Oliver Luxxe Assets LLC’s holdings in The Coca-Cola were worth $405,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Signature Estate & Investment Advisors LLC grew its holdings in The Coca-Cola by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in The Coca-Cola by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares in the last quarter. Eagle Ridge Investment Management purchased a new stake in The Coca-Cola during the 2nd quarter valued at approximately $138,000. SRS Capital Advisors Inc. grew its holdings in The Coca-Cola by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new stake in The Coca-Cola during the 2nd quarter valued at approximately $142,000. Hedge funds and other institutional investors own 65.30% of the company’s stock.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.51% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the stock. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, November 16th. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price for the company in a report on Monday, December 11th. Finally, Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.30.

The Coca-Cola Co (KO) opened at $45.59 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The company has a market cap of $194,286.41, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 3.90 and a beta of 0.70. The Coca-Cola Co has a one year low of $40.22 and a one year high of $47.48.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The Coca-Cola’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. equities analysts anticipate that The Coca-Cola Co will post 1.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, November 30th. The Coca-Cola’s payout ratio is 140.95%.

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The Coca-Cola Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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