L & S Advisors Inc Acquires 475 Shares of The Coca-Cola Company (NYSE:KO)

L & S Advisors Inc boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,121 shares of the company’s stock after buying an additional 475 shares during the quarter. L & S Advisors Inc’s holdings in Coca-Cola were worth $799,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Steel Grove Capital Advisors LLC boosted its holdings in shares of Coca-Cola by 0.3% during the first quarter. Steel Grove Capital Advisors LLC now owns 90,988 shares of the company’s stock worth $5,567,000 after acquiring an additional 263 shares during the period. Kestra Advisory Services LLC lifted its stake in Coca-Cola by 12.1% in the 1st quarter. Kestra Advisory Services LLC now owns 506,387 shares of the company’s stock valued at $30,997,000 after purchasing an additional 54,507 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Coca-Cola by 21.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 49,297,505 shares of the company’s stock valued at $3,016,023,000 after acquiring an additional 8,733,326 shares in the last quarter. Beaird Harris Wealth Management LLC grew its holdings in shares of Coca-Cola by 112.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,399 shares of the company’s stock worth $86,000 after purchasing an additional 740 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its position in Coca-Cola by 33.0% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 12,534 shares of the company’s stock valued at $767,000 after acquiring an additional 3,111 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 7.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James Quincey sold 42,397 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $70.02, for a total transaction of $2,968,637.94. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $30,987,070.92. This represents a 8.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,881 shares of company stock worth $10,693,244 over the last three months. Company insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE KO opened at $63.76 on Friday. The firm has a market cap of $274.67 billion, a P/E ratio of 26.35, a P/E/G ratio of 3.80 and a beta of 0.61. The Coca-Cola Company has a 52 week low of $57.47 and a 52 week high of $73.53. The business’s 50 day moving average price is $67.94 and its 200 day moving average price is $66.50. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. On average, sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.485 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. Coca-Cola’s payout ratio is presently 80.17%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Morgan Stanley decreased their price objective 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. Barclays decreased their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Truist Financial boosted 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. Finally, TD Cowen raised their price target on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus price target of $72.36.

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.