Kingsview Wealth Management LLC Buys 4,198 Shares of The Coca-Cola Company (NYSE:KO)

Kingsview Wealth Management LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 6.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 73,185 shares of the company’s stock after acquiring an additional 4,198 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Coca-Cola were worth $5,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. Mount Yale Investment Advisors LLC raised its holdings in shares of Coca-Cola by 33.0% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 12,534 shares of the company’s stock worth $767,000 after buying an additional 3,111 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Coca-Cola by 0.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 428,062 shares of the company’s stock worth $26,189,000 after buying an additional 3,008 shares in the last quarter. Kinloch Capital LLC raised its holdings in shares of Coca-Cola by 8.2% during the 1st quarter. Kinloch Capital LLC now owns 62,033 shares of the company’s stock worth $3,795,000 after buying an additional 4,675 shares in the last quarter. Waverly Advisors LLC raised its holdings in shares of Coca-Cola by 6.0% during the 1st quarter. Waverly Advisors LLC now owns 320,139 shares of the company’s stock worth $19,586,000 after buying an additional 18,098 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Coca-Cola by 17.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 441,580 shares of the company’s stock worth $27,016,000 after buying an additional 65,355 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of a number of recent research reports. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Wells Fargo & Company upped their target price on Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Truist Financial upped their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley lowered their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, Barclays lowered their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Four equities research 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 stock. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.36.

Coca-Cola Trading Up 0.3 %

Shares of KO stock opened at $63.92 on Friday. The Coca-Cola Company has a 1-year low of $57.47 and a 1-year high of $73.53. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The stock has a 50-day moving average of $67.79 and a 200-day moving average of $66.54. The stock has a market cap of $275.35 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.87 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a dividend yield of 3.04%. Coca-Cola’s payout ratio is 80.17%.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 42,397 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $70.02, for a total value of $2,968,637.94. Following the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. This represents a 8.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 18,484 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 160,881 shares of company stock worth $10,693,244 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Company 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.