Pin Oak Investment Advisors Inc. reduced its holdings in The Coca-Cola Company (NYSE:KO – Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,793 shares of the company’s stock after selling 194 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in Coca-Cola were worth $272,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of KO. FMR LLC lifted its stake in shares of Coca-Cola by 13.7% in the 3rd quarter. FMR LLC now owns 92,961,376 shares of the company’s stock valued at $6,680,205,000 after purchasing an additional 11,206,995 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Coca-Cola in the third quarter valued at approximately $269,382,000. Manning & Napier Advisors LLC bought a new position in shares of Coca-Cola during the 2nd quarter worth approximately $188,448,000. Pathway Financial Advisers LLC increased its stake in shares of Coca-Cola by 7,006.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company’s stock valued at $178,104,000 after acquiring an additional 2,443,612 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Coca-Cola by 39.7% during the 3rd quarter. Fisher Asset Management LLC now owns 6,765,669 shares of the company’s stock valued at $486,181,000 after acquiring an additional 1,921,241 shares during the period. Institutional investors own 70.26% of the company’s stock.
Insider Buying and Selling
In related news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on KO
Coca-Cola Stock Performance
Shares of KO opened at $64.43 on Thursday. The Coca-Cola Company has a 1 year low of $57.47 and a 1 year high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The stock’s fifty day moving average price is $67.34 and its two-hundred day moving average price is $66.57. The firm has a market cap of $277.55 billion, a PE ratio of 26.62, a PEG ratio of 3.91 and a beta of 0.61.
Coca-Cola (NYSE:KO – Get Free Report) last announced 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. The business had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. On average, equities research analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.
Coca-Cola Dividend Announcement
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 paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s payout ratio is currently 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.
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