Dynamic Advisor Solutions LLC Decreases Holdings in The Coca-Cola Company (NYSE:KO)

Dynamic Advisor Solutions LLC lowered its position in The Coca-Cola Company (NYSE:KO) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,818 shares of the company’s stock after selling 2,505 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Coca-Cola were worth $5,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Coca-Cola in the 4th quarter valued at about $2,808,056,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Coca-Cola by 21.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 49,297,505 shares of the company’s stock valued at $3,016,023,000 after purchasing an additional 8,733,326 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Coca-Cola by 11,138.6% in the fourth quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock worth $293,343,000 after purchasing an additional 4,933,527 shares during the last quarter. Pathstone Holdings LLC purchased a new position in shares of Coca-Cola in the fourth quarter worth $193,342,000. Finally, Putnam Investments LLC raised its holdings in Coca-Cola by 32.8% during the 4th quarter. Putnam Investments LLC now owns 12,032,095 shares of the company’s stock valued at $709,051,000 after buying an additional 2,973,234 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Trading Up 0.6 %

Shares of NYSE:KO opened at $68.56 on Tuesday. The stock’s 50-day simple moving average is $64.73 and its two-hundred day simple moving average is $62.15. The stock has a market capitalization of $295.35 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 3.80 and a beta of 0.59. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $69.67. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. Analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.83%. Coca-Cola’s payout ratio is currently 77.60%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Coca-Cola from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Truist Financial upped their price target on Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Bank of America upped their target price on Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Barclays lifted their price target on shares of Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, UBS Group upped their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.20.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 19,304 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $14,168,055.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $14,168,055.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the sale, the insider now owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 928,460 shares of company stock worth $575,312,245. 0.97% of the stock is owned by company insiders.

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.