Pathstone Holdings LLC Purchases 236 Shares of The Coca-Cola Company (NYSE:KO)

Pathstone Holdings LLC increased its position in shares of The Coca-Cola Company (NYSE:KO) by 0.0% during the 3rd quarter, Holdings Channel reports. The firm owned 3,264,001 shares of the company’s stock after purchasing an additional 236 shares during the quarter. Coca-Cola makes up approximately 1.0% of Pathstone Holdings LLC’s holdings, making the stock its 14th largest holding. Pathstone Holdings LLC’s holdings in Coca-Cola were worth $234,566,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KO. Windle Wealth LLC grew its stake in Coca-Cola by 1.8% in the 3rd quarter. Windle Wealth LLC now owns 105,792 shares of the company’s stock valued at $7,602,000 after purchasing an additional 1,850 shares during the period. OneAscent Wealth Management LLC purchased a new position in shares of Coca-Cola in the 3rd quarter worth about $738,000. Nixon Peabody Trust Co. grew its position in Coca-Cola by 0.4% during the third quarter. Nixon Peabody Trust Co. now owns 191,443 shares of the company’s stock valued at $13,757,000 after buying an additional 778 shares during the period. Meeder Advisory Services Inc. increased its holdings in Coca-Cola by 10.2% during the third quarter. Meeder Advisory Services Inc. now owns 67,354 shares of the company’s stock worth $4,840,000 after buying an additional 6,218 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in Coca-Cola in the third quarter worth about $43,000. 70.26% of the stock is owned by institutional investors.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. This trade represents a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lisa Chang sold 40,334 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 owns 74,067 shares in the company, valued at approximately $5,150,619.18. This represents a 35.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,748 shares of company stock valued at $20,677,431 over the last three months. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KO has been the subject of a number of research reports. Barclays reduced their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their target price on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Truist Financial increased their price target on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Cfra restated a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.36.

Coca-Cola Stock Performance

NYSE KO opened at $61.85 on Tuesday. The company’s 50 day simple moving average is $68.43 and its two-hundred day simple moving average is $66.54. The stock has a market capitalization of $266.44 billion, a PE ratio of 25.56, a P/E/G ratio of 3.75 and a beta of 0.61. 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 $56.96 and a 1 year high of $73.53.

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

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is 80.17%.

Coca-Cola Company 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.