The Coca-Cola Company (NYSE:KO) Stock Holdings Lowered by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its position in shares of The Coca-Cola Company (NYSE:KO) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 2,189,254 shares of the company’s stock after selling 34,435 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Coca-Cola were worth $157,320,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KO. HBW Advisory Services LLC acquired a new stake in shares of Coca-Cola during the second quarter valued at approximately $249,000. Mather Group LLC. increased its stake in Coca-Cola by 101.0% in the 2nd quarter. Mather Group LLC. now owns 93,558 shares of the company’s stock valued at $5,724,000 after buying an additional 47,023 shares during the period. Lynx Investment Advisory acquired a new position in Coca-Cola in the 2nd quarter valued at approximately $48,000. Kingswood Wealth Advisors LLC increased its stake in Coca-Cola by 6.1% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 43,372 shares of the company’s stock valued at $2,761,000 after buying an additional 2,508 shares during the period. Finally, Astoria Portfolio Advisors LLC. increased its stake in Coca-Cola by 7.4% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 7,768 shares of the company’s stock valued at $494,000 after buying an additional 535 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.5 %

NYSE:KO opened at $64.08 on Monday. 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 market cap of $276.04 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.89 and a beta of 0.61. The stock has a 50-day moving average price of $67.07 and a two-hundred day moving average price of $66.61.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $11.85 billion during 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%. Coca-Cola’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. As a group, equities analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently declared 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 is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 3.03%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

Analyst Ratings Changes

Several research firms have commented on KO. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Morgan Stanley decreased their target price on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company boosted their target price on shares of Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Cfra reissued a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Finally, Barclays decreased their target price on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.36.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.