The Coca-Cola Company (NYSE:KO) Shares Sold by Evermay Wealth Management LLC

Evermay Wealth Management LLC decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,334 shares of the company’s stock after selling 495 shares during the quarter. Evermay Wealth Management LLC’s holdings in Coca-Cola were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KO. Highline Wealth Partners LLC acquired a new stake in Coca-Cola during the third quarter worth $767,000. Pathway Financial Advisers LLC grew its holdings in shares of Coca-Cola by 7,006.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company’s stock worth $178,104,000 after purchasing an additional 2,443,612 shares during the period. Mutual Advisors LLC increased its position in shares of Coca-Cola by 12.4% during the 3rd quarter. Mutual Advisors LLC now owns 74,349 shares of the company’s stock worth $5,004,000 after purchasing an additional 8,211 shares during the last quarter. Avitas Wealth Management LLC raised its holdings in Coca-Cola by 1.4% in the 3rd quarter. Avitas Wealth Management LLC now owns 20,901 shares of the company’s stock valued at $1,502,000 after buying an additional 290 shares during the period. Finally, Childress Capital Advisors LLC lifted its position in Coca-Cola by 4.8% in the third quarter. Childress Capital Advisors LLC now owns 14,535 shares of the company’s stock valued at $1,045,000 after buying an additional 661 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Coca-Cola news, EVP Nancy Quan sold 18,482 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,398,603.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 38,653 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total value of $2,667,443.53. The disclosure for this sale can be found here. Insiders sold a total of 319,005 shares of company stock valued at $22,198,147 in the last three months. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Up 0.4 %

NYSE KO traded up $0.24 during trading on Wednesday, reaching $65.80. 2,246,697 shares of the company’s stock were exchanged, compared to its average volume of 13,202,313. The Coca-Cola Company has a 1 year low of $56.06 and a 1 year high of $73.53. The stock has a market cap of $283.46 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 3.91 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The company has a 50 day moving average price of $70.54 and a two-hundred day moving average price of $66.22.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results 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 return on equity of 43.62% and a net margin of 22.92%. The firm had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s payout ratio is currently 77.60%.

Analyst Ratings Changes

A number of brokerages have weighed in on KO. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. TD Cowen upped their price target on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $71.80.

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.