The Coca-Cola Company (NYSE:KO) Holdings Reduced by Arcus Capital Partners LLC

Arcus Capital Partners LLC decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 628,375 shares of the company’s stock after selling 5,125 shares during the quarter. Coca-Cola comprises about 16.3% of Arcus Capital Partners LLC’s portfolio, making the stock its 2nd largest holding. Arcus Capital Partners LLC’s holdings in Coca-Cola were worth $45,155,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of KO. William Blair Investment Management LLC grew its holdings in Coca-Cola by 17.8% during the 1st quarter. William Blair Investment Management LLC now owns 207,956 shares of the company’s stock worth $12,723,000 after acquiring an additional 31,397 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in Coca-Cola by 4.6% during the first quarter. Koshinski Asset Management Inc. now owns 27,953 shares of the company’s stock valued at $1,710,000 after buying an additional 1,242 shares during the period. TD Asset Management Inc lifted its holdings in Coca-Cola by 0.7% during the first quarter. TD Asset Management Inc now owns 2,935,238 shares of the company’s stock worth $179,578,000 after buying an additional 20,048 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Coca-Cola by 3.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 4,343,558 shares of the company’s stock valued at $269,431,000 after acquiring an additional 138,392 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its holdings in shares of Coca-Cola by 2.4% in the 1st quarter. Angeles Wealth Management LLC now owns 11,149 shares of the company’s stock valued at $682,000 after acquiring an additional 265 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KO. TD Cowen boosted their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Citigroup boosted their price target on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. StockNews.com lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Wells Fargo & Company boosted 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. Finally, Morgan Stanley lowered 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. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Insider Activity

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lisa Chang sold 40,334 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 74,067 shares in the company, valued at approximately $5,150,619.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 203,748 shares of company stock valued at $14,274,431. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Down 0.9 %

KO stock opened at $63.37 on Tuesday. 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 fifty-two week low of $56.60 and a fifty-two week high of $73.53. The firm has a market capitalization of $272.99 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.88 and a beta of 0.61. The company’s 50 day moving average price is $69.37 and its 200 day moving average price is $66.52.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the business earned $0.74 EPS. Coca-Cola’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

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

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.