Strategic Investment Solutions Inc. IL Purchases 159 Shares of The Coca-Cola Company (NYSE:KO)

Strategic Investment Solutions Inc. IL increased its position in The Coca-Cola Company (NYSE:KO) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,993 shares of the company’s stock after purchasing an additional 159 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Coca-Cola were worth $718,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KO. New Millennium Group LLC purchased a new stake in shares of Coca-Cola during the 2nd quarter valued at about $26,000. Quarry LP purchased a new position in Coca-Cola during the second quarter worth $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of Coca-Cola during the first quarter worth $28,000. ESL Trust Services LLC bought a new stake in shares of Coca-Cola during the first quarter worth $28,000. Finally, DiNuzzo Private Wealth Inc. lifted its position in shares of Coca-Cola by 65.0% during the first quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock worth $32,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Bruno Pietracci sold 38,653 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nancy Quan sold 18,482 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,398,603.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 319,005 shares of company stock worth $22,198,147 in the last three months. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Price Performance

Shares of KO traded down $0.01 during trading hours on Friday, hitting $67.29. 2,205,966 shares of the stock were exchanged, compared to its average volume of 13,209,950. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a 12-month low of $55.10 and a 12-month high of $73.53. The company has a market cap of $289.88 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60. The stock’s 50-day moving average price is $70.74 and its two-hundred day moving average price is $65.96.

Coca-Cola (NYSE:KO) last issued 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 43.62% and a net margin of 22.92%. The firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Research 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 announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, November 29th. Coca-Cola’s payout ratio is currently 77.60%.

Analysts Set New Price Targets

Several analysts have recently weighed in on KO shares. Citigroup lifted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Truist Financial increased their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their price target on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $71.87.

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.