The Coca-Cola Company (NYSE:KO) Shares Bought by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,761 shares of the company’s stock after acquiring an additional 804 shares during the period. Shepherd Financial Partners LLC’s holdings in Coca-Cola were worth $3,935,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, EVP Lisa Chang sold 40,334 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total value of $2,804,826.36. Following the sale, the executive vice president now directly owns 74,067 shares in the company, valued at approximately $5,150,619.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Lisa Chang sold 40,334 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total transaction of $2,804,826.36. Following the completion of the transaction, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,150,619.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the company’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 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 261,870 shares of company stock valued at $18,256,369 in the last three months. 0.97% of the stock is currently owned by insiders.

Analyst Ratings Changes

KO has been the topic of several recent research reports. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Barclays lowered their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. 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, Bank of America upped their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.80.

Coca-Cola Price Performance

Coca-Cola stock traded down $0.25 during trading hours on Friday, reaching $65.06. 2,918,794 shares of the stock were exchanged, compared to its average volume of 13,211,265. The company has a market cap of $280.27 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 4.00 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a twelve month low of $56.06 and a twelve month high of $73.53. The stock has a 50 day moving average of $70.39 and a two-hundred day moving average of $66.21.

Coca-Cola (NYSE:KO) last issued 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 net margin of 22.45% and a return on equity of 44.01%. The business had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business earned $0.74 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts expect that The Coca-Cola Company will post 2.85 EPS 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 given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s 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.