The Coca-Cola Company (NYSE:KO) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its position in The Coca-Cola Company (NYSE:KO) by 4.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 49,972 shares of the company’s stock after acquiring an additional 1,960 shares during the period. Great Valley Advisor Group Inc.’s holdings in Coca-Cola were worth $3,591,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC increased its stake 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 valued at $767,000 after acquiring an additional 3,111 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in Coca-Cola by 0.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 428,062 shares of the company’s stock worth $26,189,000 after purchasing an additional 3,008 shares during the last quarter. Kinloch Capital LLC raised its stake in Coca-Cola by 8.2% during the first quarter. Kinloch Capital LLC now owns 62,033 shares of the company’s stock worth $3,795,000 after purchasing an additional 4,675 shares during the period. Waverly Advisors LLC boosted its holdings in shares of Coca-Cola by 6.0% in the 1st quarter. Waverly Advisors LLC now owns 320,139 shares of the company’s stock valued at $19,586,000 after purchasing an additional 18,098 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake 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 valued at $27,016,000 after buying an additional 65,355 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Truist Financial lifted their target price on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. Wells Fargo & Company increased 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. Barclays cut their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, 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. Four investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.36.

Coca-Cola Stock Performance

Coca-Cola stock opened at $63.92 on Friday. 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 firm’s fifty day moving average price is $67.79 and its 200 day moving average price is $66.54. The company has a market capitalization of $275.35 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 3.87 and a beta of 0.61. The Coca-Cola Company has a 12-month low of $57.47 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping 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 business had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

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

Insider Buying and Selling

In other Coca-Cola news, CEO James Quincey sold 42,397 shares of the firm’s stock in a transaction on 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 directly owns 442,546 shares of the company’s stock, valued at $30,987,070.92. This trade represents a 8.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. This trade represents a 7.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,881 shares of company stock worth $10,693,244. 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.