3,079 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Omnia Family Wealth LLC

Omnia Family Wealth LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO) during the 3rd quarter, Holdings Channel reports. The firm bought 3,079 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lifeworks Advisors LLC increased its position in shares of Coca-Cola by 4.6% in the third quarter. Lifeworks Advisors LLC now owns 13,629 shares of the company’s stock valued at $979,000 after buying an additional 596 shares in the last quarter. Intelligence Driven Advisers LLC increased its holdings in Coca-Cola by 26.1% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 4,755 shares of the company’s stock valued at $342,000 after acquiring an additional 983 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in Coca-Cola by 3.1% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 111,379 shares of the company’s stock valued at $8,004,000 after acquiring an additional 3,392 shares in the last quarter. Metis Global Partners LLC raised its position in Coca-Cola by 0.9% during the third quarter. Metis Global Partners LLC now owns 212,417 shares of the company’s stock worth $15,264,000 after acquiring an additional 1,813 shares during the last quarter. Finally, Hourglass Capital LLC purchased a new stake in shares of Coca-Cola in the third quarter valued at about $213,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the sale, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James Quincey sold 100,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,748 shares of company stock worth $20,677,431. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Trading Down 0.6 %

Shares of NYSE:KO traded down $0.37 during trading on Thursday, reaching $62.63. 4,192,542 shares of the stock were exchanged, compared to its average volume of 13,253,460. The Coca-Cola Company has a 12-month low of $56.70 and a 12-month high of $73.53. The firm’s 50-day moving average price is $68.99 and its 200 day moving average price is $66.51. 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 firm has a market cap of $269.80 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 3.84 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its quarterly earnings data 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 company had revenue of $11.85 billion during 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 business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, November 29th. Coca-Cola’s payout ratio is 80.17%.

Wall Street Analyst Weigh In

KO has been the subject of a number of recent research reports. Cfra reissued a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Morgan Stanley cut their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada raised their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Four 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. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $72.36.

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.