U.S. Capital Wealth Advisors LLC Cuts Position in The Coca-Cola Company (NYSE:KO)

U.S. Capital Wealth Advisors LLC reduced its stake in shares of The Coca-Cola Company (NYSE:KO) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,489 shares of the company’s stock after selling 10,860 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Coca-Cola were worth $12,611,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. New Millennium Group LLC purchased a new stake in shares of Coca-Cola in the 2nd quarter worth about $26,000. Quarry LP acquired a new position in shares of Coca-Cola in the second quarter valued at approximately $27,000. Redmont Wealth Advisors LLC purchased a new position in shares of Coca-Cola during the first quarter valued at approximately $28,000. ESL Trust Services LLC purchased a new stake in Coca-Cola in the 1st quarter worth approximately $28,000. Finally, DiNuzzo Private Wealth Inc. raised its holdings in Coca-Cola by 65.0% in the 1st quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock valued at $32,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 37,787 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $66.96, for a total value of $2,530,217.52. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,954,176.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value of $7,179,360.66. Following the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $30,987,070.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nancy Quan sold 37,787 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $66.96, for a total value of $2,530,217.52. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $14,954,176.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 356,792 shares of company stock valued at $24,728,364. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Down 2.3 %

Shares of KO stock traded down $1.58 during mid-day trading on Wednesday, reaching $67.87. 12,136,291 shares of the company were exchanged, compared to its average volume of 13,181,298. The company has a market capitalization of $292.38 billion, a P/E ratio of 27.04, a P/E/G ratio of 3.92 and a beta of 0.60. The business’s 50 day simple moving average is $70.75 and its 200 day simple moving average is $65.94. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a fifty-two week low of $55.10 and a fifty-two week high of $73.53.

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

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 2.86%. Coca-Cola’s payout ratio is 77.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KO shares. TD Cowen lifted their price objective on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Morgan Stanley upped their price target on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.00.

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.