The Coca-Cola Company (NYSE:KO) Shares Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lifted its stake in The Coca-Cola Company (NYSE:KO) by 411.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 313,440 shares of the company’s stock after acquiring an additional 252,174 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Coca-Cola were worth $22,524,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Edgestream Partners L.P. increased its stake in Coca-Cola by 46.2% during the 1st quarter. Edgestream Partners L.P. now owns 43,301 shares of the company’s stock worth $2,649,000 after buying an additional 13,675 shares during the period. Davis R M Inc. increased its stake in Coca-Cola by 14.2% during the 1st quarter. Davis R M Inc. now owns 19,878 shares of the company’s stock worth $1,216,000 after buying an additional 2,473 shares during the period. Hilltop Partners LLC increased its stake in Coca-Cola by 5.6% during the 1st quarter. Hilltop Partners LLC now owns 14,270 shares of the company’s stock worth $873,000 after buying an additional 757 shares during the period. Capitolis Liquid Global Markets LLC increased its stake in Coca-Cola by 457.7% during the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,115,400 shares of the company’s stock worth $68,240,000 after buying an additional 915,400 shares during the period. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in Coca-Cola during the 1st quarter worth approximately $4,191,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays dropped their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Truist Financial increased their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their price objective on shares of Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Cfra reissued a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Four equities research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.36.

Insider Activity

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm’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 directly owns 223,330 shares in the company, valued at approximately $15,968,095. This trade represents a 7.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction dated 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 18.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 303,748 shares of company stock worth $20,677,431 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Down 1.3 %

Shares of NYSE:KO opened at $61.74 on Monday. The stock has a market cap of $265.96 billion, a P/E ratio of 25.51, a P/E/G ratio of 3.75 and a beta of 0.61. The firm has a fifty day moving average price of $68.63 and a 200 day moving average price of $66.54. 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 $56.70 and a 1-year high of $73.53.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results 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. The business had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. Sell-side analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently declared 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 is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.14%. Coca-Cola’s dividend payout ratio is presently 80.17%.

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.