The Coca-Cola Company (NYSE:KO) Shares Purchased by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 26.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,755 shares of the company’s stock after buying an additional 983 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Coca-Cola were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. lifted its stake in Coca-Cola by 3.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 111,379 shares of the company’s stock worth $8,004,000 after purchasing an additional 3,392 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Coca-Cola by 0.9% during the 3rd 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 period. Hourglass Capital LLC acquired a new position in Coca-Cola in the 3rd quarter valued at about $213,000. Huntington National Bank increased its stake in Coca-Cola by 1.8% during 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 period. Finally, Plato Investment Management Ltd increased its stake in Coca-Cola by 1.2% during the 3rd quarter. Plato Investment Management Ltd now owns 156,696 shares of the company’s stock worth $11,249,000 after buying an additional 1,787 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $15,968,095. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the business’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 owns 223,330 shares in the company, valued at $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,748 shares of company stock worth $20,677,431. 0.97% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KO shares. TD Cowen increased their price objective on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Morgan Stanley lowered 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. Cfra reiterated a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada increased their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.36.

Coca-Cola Price Performance

NYSE KO traded down $0.29 during mid-day trading on Thursday, hitting $62.71. The stock had a trading volume of 2,265,480 shares, compared to its average volume of 13,241,608. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The company has a market cap of $270.14 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 3.84 and a beta of 0.61. The Coca-Cola Company has a 52-week low of $56.70 and a 52-week high of $73.53. The company has a 50 day simple moving average of $68.99 and a 200 day simple moving average of $66.51.

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

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is 80.17%.

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.