Comprehensive Financial Consultants Institutional Inc. Lowers Position in The Coca-Cola Company (NYSE:KO)

Comprehensive Financial Consultants Institutional Inc. decreased its stake in The Coca-Cola Company (NYSE:KO) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,034 shares of the company’s stock after selling 286 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Coca-Cola were worth $1,224,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its position in shares of Coca-Cola by 25.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 297,152 shares of the company’s stock worth $18,180,000 after purchasing an additional 61,125 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Coca-Cola by 13.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 28,538 shares of the company’s stock worth $1,746,000 after buying an additional 3,413 shares in the last quarter. Nelson Capital Management LLC raised its holdings in Coca-Cola by 18.4% during the first quarter. Nelson Capital Management LLC now owns 34,751 shares of the company’s stock valued at $2,126,000 after acquiring an additional 5,407 shares during the period. Avalon Trust Co lifted its position in shares of Coca-Cola by 62.6% in the first quarter. Avalon Trust Co now owns 4,759 shares of the company’s stock valued at $291,000 after acquiring an additional 1,833 shares in the last quarter. Finally, Hyman Charles D boosted its stake in shares of Coca-Cola by 0.5% in the first quarter. Hyman Charles D now owns 273,254 shares of the company’s stock worth $16,718,000 after acquiring an additional 1,244 shares during the period. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.1 %

Shares of KO stock opened at $63.66 on Friday. The company has a market cap of $274.23 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.96 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $56.06 and a 1 year high of $73.53. The stock’s 50 day simple moving average is $69.90 and its two-hundred day simple moving average is $66.43. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion for 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%. Coca-Cola’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS. Research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a dividend yield of 3.05%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

Analysts Set New Price Targets

Several analysts recently issued reports on KO shares. Morgan Stanley decreased their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. TD Cowen upped their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. 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. Finally, Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Five 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.80.

Insider Buying and Selling

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction that occurred on 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 completion of 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 filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Quincey sold 42,397 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $70.02, for a total transaction of $2,968,637.94. Following the completion of the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 203,748 shares of company stock valued at $14,274,431. Company insiders own 0.97% of the company’s stock.

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.