The Coca-Cola Company (NYSE:KO) Shares Sold by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC lowered its holdings in The Coca-Cola Company (NYSE:KO) by 55.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,557 shares of the company’s stock after selling 4,382 shares during the period. Heritage Oak Wealth Advisors LLC’s holdings in Coca-Cola were worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KO. Moody Lynn & Lieberson LLC grew its holdings in Coca-Cola by 15.4% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 142,956 shares of the company’s stock valued at $10,273,000 after buying an additional 19,099 shares during the period. Nicholson Wealth Management Group LLC purchased a new stake in Coca-Cola in the third quarter valued at approximately $706,000. Tectonic Advisors LLC grew its holdings in Coca-Cola by 10.7% in the third quarter. Tectonic Advisors LLC now owns 99,953 shares of the company’s stock valued at $7,183,000 after purchasing an additional 9,694 shares during the period. Dakota Wealth Management increased its position in Coca-Cola by 1.1% during the third quarter. Dakota Wealth Management now owns 100,998 shares of the company’s stock worth $7,258,000 after purchasing an additional 1,127 shares during the last quarter. Finally, Mcdaniel Terry & Co. raised its stake in Coca-Cola by 0.9% during the third quarter. Mcdaniel Terry & Co. now owns 423,150 shares of the company’s stock worth $30,408,000 after purchasing an additional 3,607 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Price Performance

Shares of KO opened at $66.92 on Friday. 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 firm has a market cap of $288.42 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.91 and a beta of 0.60. The Coca-Cola Company has a 52 week low of $55.10 and a 52 week high of $73.53. The stock has a 50 day moving average of $70.71 and a 200-day moving average of $65.97.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The firm had revenue of $11.85 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The firm 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. The ex-dividend date is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 2.90%. Coca-Cola’s dividend payout ratio is currently 78.54%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KO shares. TD Cowen upped their price objective on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Barclays dropped 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. Citigroup lifted their price target on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Cfra reissued a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.80.

Insider Buying and Selling at Coca-Cola

In related news, EVP Lisa Chang sold 58,122 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total value of $3,981,938.22. Following the sale, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,074,330.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, 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 value of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lisa Chang sold 58,122 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total value of $3,981,938.22. Following the transaction, the executive vice president now owns 74,067 shares of the company’s stock, 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 sold a total of 319,005 shares of company stock worth $22,198,147 over the last ninety days. Company insiders own 0.97% of the company’s stock.

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.