Lifeworks Advisors LLC Boosts Holdings in The Coca-Cola Company (NYSE:KO)

Lifeworks Advisors LLC increased its stake in The Coca-Cola Company (NYSE:KO) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,629 shares of the company’s stock after acquiring an additional 596 shares during the period. Lifeworks Advisors LLC’s holdings in Coca-Cola were worth $979,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Intelligence Driven Advisers LLC raised its holdings in Coca-Cola by 26.1% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 4,755 shares of the company’s stock valued at $342,000 after buying an additional 983 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Coca-Cola by 3.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 111,379 shares of the company’s stock valued at $8,004,000 after acquiring an additional 3,392 shares during the period. Metis Global Partners LLC raised its stake in shares of Coca-Cola by 0.9% during the third quarter. Metis Global Partners LLC now owns 212,417 shares of the company’s stock valued at $15,264,000 after acquiring an additional 1,813 shares during the last quarter. Hourglass Capital LLC purchased a new stake in shares of Coca-Cola during the third quarter worth about $213,000. Finally, Huntington National Bank grew its stake in shares of Coca-Cola by 1.8% in the third quarter. Huntington National Bank now owns 615,187 shares of the company’s stock worth $44,207,000 after purchasing an additional 11,087 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, EVP Lisa Chang sold 40,334 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $69.54, for a total value of $2,804,826.36. Following the completion of the sale, the executive vice president now directly owns 74,067 shares of the company’s stock, valued at $5,150,619.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lisa Chang sold 40,334 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total transaction of $2,804,826.36. Following the completion of the sale, the executive vice president now owns 74,067 shares in the company, valued at approximately $5,150,619.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 303,748 shares of company stock valued at $20,677,431 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO traded down $0.49 during mid-day trading on Thursday, hitting $62.51. 3,328,015 shares of the company traded hands, compared to its average volume of 13,249,548. The stock has a market cap of $269.28 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 3.84 and a beta of 0.61. The stock has a 50-day moving average price of $68.99 and a two-hundred day moving average price of $66.51. The Coca-Cola Company has a 1 year low of $56.70 and a 1 year high of $73.53. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

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

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is currently 80.17%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley lowered their price target 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. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Citigroup upped their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Finally, TD Cowen increased their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.36.

About Coca-Cola

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.