Buck Wealth Strategies LLC Sells 16,600 Shares of The Coca-Cola Company (NYSE:KO)

Buck Wealth Strategies LLC trimmed its stake in The Coca-Cola Company (NYSE:KO) by 13.8% during the 3rd quarter, Holdings Channel reports. The firm owned 103,705 shares of the company’s stock after selling 16,600 shares during the quarter. Coca-Cola comprises approximately 2.3% of Buck Wealth Strategies LLC’s portfolio, making the stock its 16th biggest holding. Buck Wealth Strategies LLC’s holdings in Coca-Cola were worth $7,452,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KO. William Blair Investment Management LLC grew its holdings in shares of Coca-Cola by 17.8% during the 1st quarter. William Blair Investment Management LLC now owns 207,956 shares of the company’s stock valued at $12,723,000 after purchasing an additional 31,397 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Coca-Cola by 4.6% during the first quarter. Koshinski Asset Management Inc. now owns 27,953 shares of the company’s stock valued at $1,710,000 after purchasing an additional 1,242 shares during the period. TD Asset Management Inc grew its holdings in shares of Coca-Cola by 0.7% in the first quarter. TD Asset Management Inc now owns 2,935,238 shares of the company’s stock worth $179,578,000 after purchasing an additional 20,048 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Coca-Cola in the first quarter worth $219,000. Finally, D Orazio & Associates Inc. increased its position in shares of Coca-Cola by 15.5% in the first quarter. D Orazio & Associates Inc. now owns 8,096 shares of the company’s stock valued at $495,000 after acquiring an additional 1,084 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KO has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their target price on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Truist Financial upped their target price on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Cfra restated a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.80.

Insiders Place Their Bets

In other news, CEO James Quincey sold 102,533 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at $30,987,070.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nancy Quan sold 18,484 shares of the stock in a transaction that occurred on 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 sale, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 303,748 shares of company stock worth $20,677,431. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

KO stock opened at $63.21 on Wednesday. The company has a market cap of $272.30 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.85 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 $56.60 and a 1 year high of $73.53. The stock’s fifty day moving average price is $69.37 and its 200-day moving average price is $66.52.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the company posted $0.74 EPS. The firm’s revenue was down .8% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Friday, November 29th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio is currently 80.17%.

Coca-Cola 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.