Allworth Financial LP grew its holdings in The Coca-Cola Co (NYSE:KO) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,715 shares of the company’s stock after buying an additional 408 shares during the quarter. Allworth Financial LP’s holdings in The Coca-Cola were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KO. Verity Asset Management Inc. lifted its stake in shares of The Coca-Cola by 1.7% in the 2nd quarter. Verity Asset Management Inc. now owns 11,218 shares of the company’s stock valued at $571,000 after purchasing an additional 192 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position in The Coca-Cola by 1.2% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,168 shares of the company’s stock valued at $935,000 after buying an additional 197 shares in the last quarter. Arbor Wealth Management LLC increased its position in The Coca-Cola by 13.2% during the 2nd quarter. Arbor Wealth Management LLC now owns 1,706 shares of the company’s stock valued at $87,000 after buying an additional 199 shares in the last quarter. Bluestein R H & Co. increased its position in The Coca-Cola by 3.5% during the 2nd quarter. Bluestein R H & Co. now owns 5,915 shares of the company’s stock valued at $301,000 after buying an additional 200 shares in the last quarter. Finally, Investment Partners LTD. increased its position in The Coca-Cola by 1.0% during the 2nd quarter. Investment Partners LTD. now owns 20,577 shares of the company’s stock valued at $1,048,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.

Shares of The Coca-Cola stock traded up $0.25 on Wednesday, reaching $53.83. The company’s stock had a trading volume of 7,037,940 shares, compared to its average volume of 13,416,772. The company has a market capitalization of $233.21 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 3.79 and a beta of 0.45. The firm’s fifty day simple moving average is $54.40 and its two-hundred day simple moving average is $51.18. The Coca-Cola Co has a 52 week low of $44.25 and a 52 week high of $55.92. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. As a group, research analysts predict that The Coca-Cola Co will post 2.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, September 13th. The Coca-Cola’s payout ratio is 76.92%.

In related news, COO Brian John Smith sold 60,000 shares of The Coca-Cola stock in a transaction on Monday, September 9th. The stock was sold at an average price of $54.87, for a total value of $3,292,200.00. Following the completion of the sale, the chief operating officer now owns 174,302 shares of the company’s stock, valued at $9,563,950.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Francisco Crespo sold 130,637 shares of The Coca-Cola stock in a transaction 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 sale, 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. In the last three months, insiders sold 429,638 shares of company stock valued at $23,411,372. Corporate insiders own 1.33% of the company’s stock.

A number of research firms recently weighed in on KO. Credit Suisse Group raised their price objective on The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of The Coca-Cola in a research report on Wednesday, July 24th. BMO Capital Markets raised their price objective on The Coca-Cola from $48.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Bank of America reaffirmed a “buy” rating and set a $60.00 price objective (up previously from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. Finally, ValuEngine lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.26.

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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