Foster Victor Wealth Advisors LLC Has $974,000 Position in The Coca-Cola Company (NYSE:KO)

Foster Victor Wealth Advisors LLC lowered its position in The Coca-Cola Company (NYSE:KO) by 8.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,997 shares of the company’s stock after selling 1,348 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Coca-Cola were worth $974,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Hutchens & Kramer Investment Management Group LLC acquired a new stake in shares of Coca-Cola during the 3rd quarter worth about $307,000. Investment Advisory Group LLC lifted its stake in shares of Coca-Cola by 4.5% during the 3rd quarter. Investment Advisory Group LLC now owns 3,378 shares of the company’s stock worth $243,000 after buying an additional 146 shares during the last quarter. Ullmann Wealth Partners Group LLC lifted its stake in shares of Coca-Cola by 74.8% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 13,809 shares of the company’s stock worth $992,000 after buying an additional 5,908 shares during the last quarter. Swedbank AB lifted its stake in shares of Coca-Cola by 16.8% during the 3rd quarter. Swedbank AB now owns 1,963,008 shares of the company’s stock worth $141,062,000 after buying an additional 282,579 shares during the last quarter. Finally, Occidental Asset Management LLC lifted its stake in shares of Coca-Cola by 7.3% during the 3rd quarter. Occidental Asset Management LLC now owns 10,116 shares of the company’s stock worth $727,000 after buying an additional 688 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 27th. Wells Fargo & Company raised their price target 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. Citigroup raised their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. BNP Paribas began coverage on shares of Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.33.

Insider Buying and Selling

In related news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 223,330 shares in the company, valued at $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 available at this hyperlink. In related news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 223,330 shares in the company, valued at $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 available at this hyperlink. Also, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total transaction of $3,981,938.22. Following the sale, the executive vice president now owns 74,067 shares in the company, valued at approximately $5,074,330.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 356,792 shares of company stock worth $24,728,364 in the last ninety days. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.0 %

KO opened at $70.36 on Wednesday. The company’s 50 day moving average is $70.60 and its 200-day moving average is $65.59. The Coca-Cola Company has a 1-year low of $52.84 and a 1-year high of $73.53. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The company has a market cap of $303.11 billion, a P/E ratio of 28.14, a PEG ratio of 3.92 and a beta of 0.60.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same period last year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.94 annualized dividend and a yield of 2.76%. Coca-Cola’s dividend payout ratio is presently 77.60%.

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.