Prime Capital Investment Advisors LLC Sells 10,912 Shares of The Coca-Cola Company (NYSE:KO)

Prime Capital Investment Advisors LLC trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,549 shares of the company’s stock after selling 10,912 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Coca-Cola were worth $9,741,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in KO. Savvy Advisors Inc. boosted its stake in shares of Coca-Cola by 248.3% in the 3rd quarter. Savvy Advisors Inc. now owns 26,368 shares of the company’s stock valued at $1,895,000 after purchasing an additional 18,797 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in Coca-Cola in the 3rd quarter worth about $2,263,000. Meridian Management Co. boosted its holdings in Coca-Cola by 6.3% in the third quarter. Meridian Management Co. now owns 30,367 shares of the company’s stock worth $2,182,000 after purchasing an additional 1,796 shares during the last quarter. Rakuten Securities Inc. raised its position in Coca-Cola by 25.2% in the third quarter. Rakuten Securities Inc. now owns 2,224 shares of the company’s stock worth $160,000 after acquiring an additional 448 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Coca-Cola by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,793,323 shares of the company’s stock worth $847,468,000 after purchasing an additional 222,028 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KO shares. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their target price on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Finally, Royal Bank of Canada lifted their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.80.

Insider Activity

In other news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lisa Chang sold 40,334 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total value of $2,804,826.36. Following the completion of the transaction, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,150,619.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 303,748 shares of company stock worth $20,677,431. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Trading Up 0.2 %

Shares of NYSE KO traded up $0.12 during trading hours on Tuesday, hitting $63.48. The company’s stock had a trading volume of 2,560,882 shares, compared to its average volume of 13,233,775. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The Coca-Cola Company has a 12 month low of $56.60 and a 12 month high of $73.53. The business has a 50-day simple moving average of $69.37 and a 200-day simple moving average of $66.52. The stock has a market cap of $273.46 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 3.88 and a beta of 0.61.

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, beating analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $11.85 billion for 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%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. On average, analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

Coca-Cola 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.