Cowa LLC Has $792,000 Holdings in The Coca-Cola Company (NYSE:KO)

Cowa LLC trimmed its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,019 shares of the company’s stock after selling 214 shares during the period. Cowa LLC’s holdings in Coca-Cola were worth $792,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. WealthPLAN Partners LLC grew its position in shares of Coca-Cola by 151.6% in the 1st quarter. WealthPLAN Partners LLC now owns 17,267 shares of the company’s stock valued at $1,056,000 after acquiring an additional 10,404 shares during the period. Atomi Financial Group Inc. grew its holdings in Coca-Cola by 77.0% during the first quarter. Atomi Financial Group Inc. now owns 19,219 shares of the company’s stock worth $1,176,000 after purchasing an additional 8,362 shares during the period. Keudell Morrison Wealth Management raised its stake in Coca-Cola by 2.2% in the first quarter. Keudell Morrison Wealth Management now owns 11,591 shares of the company’s stock valued at $709,000 after buying an additional 250 shares during the period. RPG Investment Advisory LLC lifted its position in shares of Coca-Cola by 0.3% in the first quarter. RPG Investment Advisory LLC now owns 95,433 shares of the company’s stock valued at $5,839,000 after buying an additional 284 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Coca-Cola by 1.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 135,801 shares of the company’s stock worth $8,308,000 after acquiring an additional 2,310 shares during the period. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on KO. Wells Fargo & Company raised their price target on Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Barclays cut their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. TD Cowen increased their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Cfra restated a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Finally, Citigroup upped their target price on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Five research 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’s stock. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Insider Buying and Selling

In other news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a document filed 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the firm’s 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 completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 203,748 shares of company stock worth $14,274,431 in the last ninety days. 0.97% of the stock is owned by insiders.

Coca-Cola Trading Up 0.5 %

KO opened at $63.96 on Friday. The stock has a market capitalization of $275.53 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 3.87 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 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 company has a 50-day simple moving average of $69.56 and a 200 day simple moving average of $66.44.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion for the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.74 EPS. Analysts predict 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. Stockholders of record on Friday, November 29th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.03%. Coca-Cola’s dividend payout ratio (DPR) is currently 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.