Pathway Financial Advisers LLC Has $178.10 Million Stake in The Coca-Cola Company (NYSE:KO)

Pathway Financial Advisers LLC boosted its holdings in The Coca-Cola Company (NYSE:KO) by 7,006.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,478,487 shares of the company’s stock after purchasing an additional 2,443,612 shares during the quarter. Coca-Cola comprises approximately 1.1% of Pathway Financial Advisers LLC’s investment portfolio, making the stock its 27th largest holding. Pathway Financial Advisers LLC owned about 0.06% of Coca-Cola worth $178,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kathmere Capital Management LLC grew its holdings in Coca-Cola by 15.2% during the first quarter. Kathmere Capital Management LLC now owns 4,922 shares of the company’s stock worth $301,000 after buying an additional 648 shares in the last quarter. Occidental Asset Management LLC boosted its holdings in Coca-Cola by 6.0% during the 1st quarter. Occidental Asset Management LLC now owns 8,418 shares of the company’s stock worth $515,000 after acquiring an additional 477 shares during the last quarter. First Bank & Trust grew its stake in shares of Coca-Cola by 19.8% in the 1st quarter. First Bank & Trust now owns 27,984 shares of the company’s stock worth $1,712,000 after acquiring an additional 4,631 shares in the last quarter. Vicus Capital raised its holdings in shares of Coca-Cola by 66.2% in the first quarter. Vicus Capital now owns 8,979 shares of the company’s stock valued at $549,000 after purchasing an additional 3,576 shares during the last quarter. Finally, Coston McIsaac & Partners lifted its position in shares of Coca-Cola by 1.1% during the first quarter. Coston McIsaac & Partners now owns 98,562 shares of the company’s stock valued at $6,029,000 after purchasing an additional 1,040 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Truist Financial upped their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Finally, StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Five investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.80.

Coca-Cola Stock Performance

Shares of NYSE:KO traded down $0.38 during trading on Friday, hitting $66.92. 11,138,127 shares of the company were exchanged, compared to its average volume of 13,253,075. The company has a market cap of $288.42 billion, a PE ratio of 27.09, a P/E/G ratio of 3.91 and a beta of 0.60. The Coca-Cola Company has a 52-week low of $55.10 and a 52-week high of $73.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a 50 day moving average of $70.66 and a 200 day moving average of $66.02.

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. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 2.90%. Coca-Cola’s dividend payout ratio is currently 78.54%.

Insider Buying and Selling

In other news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction 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 directly owns 223,330 shares in the company, valued at $15,968,095. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nancy Quan sold 18,484 shares of the 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 319,005 shares of company stock valued at $22,198,147. Company insiders own 0.97% of the company’s stock.

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.