Silver Coast Investments LLC Has $276,000 Holdings in The Coca-Cola Company (NYSE:KO)

Silver Coast Investments LLC lowered its position in shares of The Coca-Cola Company (NYSE:KO) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,836 shares of the company’s stock after selling 191 shares during the quarter. Silver Coast Investments LLC’s holdings in Coca-Cola were worth $276,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KO. Creative Financial Designs Inc. ADV boosted its stake in Coca-Cola by 6.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 20,727 shares of the company’s stock worth $1,489,000 after acquiring an additional 1,295 shares in the last quarter. Focus Financial Network Inc. boosted its position in Coca-Cola by 4.5% in the third quarter. Focus Financial Network Inc. now owns 27,380 shares of the company’s stock worth $1,981,000 after purchasing an additional 1,189 shares during the last quarter. Principal Securities Inc. increased its position in shares of Coca-Cola by 8.3% during the 3rd quarter. Principal Securities Inc. now owns 102,005 shares of the company’s stock valued at $7,330,000 after purchasing an additional 7,791 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Coca-Cola by 0.9% in the 3rd quarter. Stephens Inc. AR now owns 409,125 shares of the company’s stock worth $29,400,000 after buying an additional 3,793 shares during the last quarter. Finally, Pacific Wealth Strategies Group Inc. grew its position in Coca-Cola by 1.7% during the third quarter. Pacific Wealth Strategies Group Inc. now owns 22,028 shares of the company’s stock valued at $1,583,000 after buying an additional 372 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Citigroup upped their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. TD Cowen lifted their target price on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Finally, Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

Insider Buying and Selling at Coca-Cola

In other 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 value of $1,321,606.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Nancy Quan sold 18,484 shares of the firm’s 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 transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. This trade represents 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 through the SEC website. Also, CEO James Quincey sold 102,533 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $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. Insiders sold 261,870 shares of company stock valued at $18,256,369 in the last 90 days. Insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.1 %

KO stock traded down $0.06 during trading on Friday, hitting $65.25. 1,698,337 shares of the company traded hands, compared to its average volume of 13,207,259. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The company has a 50-day moving average of $70.39 and a 200-day moving average of $66.21. The firm has a market capitalization of $281.08 billion, a PE ratio of 26.99, a P/E/G ratio of 4.00 and a beta of 0.60. The Coca-Cola Company has a 1 year low of $56.06 and a 1 year high of $73.53.

Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion for 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 firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. Analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 2.97%. Coca-Cola’s dividend payout ratio is presently 80.17%.

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.