Lynch & Associates IN Sells 191 Shares of The Coca-Cola Company (NYSE:KO)

Lynch & Associates IN reduced its holdings in shares of The Coca-Cola Company (NYSE:KO) by 0.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 101,113 shares of the company’s stock after selling 191 shares during the period. Coca-Cola comprises about 1.4% of Lynch & Associates IN’s portfolio, making the stock its 24th biggest holding. Lynch & Associates IN’s holdings in Coca-Cola were worth $6,295,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Prudential PLC boosted its stake in shares of Coca-Cola by 45.9% during the second quarter. Prudential PLC now owns 38,309 shares of the company’s stock valued at $2,438,000 after purchasing an additional 12,051 shares in the last quarter. Studio Investment Management LLC boosted its position in Coca-Cola by 18.8% during the second quarter. Studio Investment Management LLC now owns 1,206 shares of the company’s stock worth $78,000 after purchasing an additional 191 shares in the last quarter. LPL Financial LLC lifted its stake in Coca-Cola by 8.2% in the 2nd quarter. LPL Financial LLC now owns 3,873,906 shares of the company’s stock valued at $246,574,000 after buying an additional 294,500 shares in the last quarter. Linscomb Wealth Inc. raised its stake in Coca-Cola by 2.7% in the 2nd quarter. Linscomb Wealth Inc. now owns 26,241 shares of the company’s stock valued at $1,670,000 after purchasing an additional 695 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in shares of Coca-Cola in the second quarter worth about $4,300,000. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the sale, the chief executive officer now owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KO. Morgan Stanley reduced their price target on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Wells Fargo & Company lowered their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday. Truist Financial boosted their target price 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. Finally, Piper Sandler initiated coverage on shares of Coca-Cola in a research note on Tuesday. They set an “overweight” rating and a $74.00 price objective for the company. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Coca-Cola Trading Down 1.2 %

Shares of KO stock traded down $0.73 during trading hours on Friday, reaching $60.98. The company’s stock had a trading volume of 22,416,771 shares, compared to its average volume of 15,975,237. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a one year low of $57.93 and a one year high of $73.53. The stock has a market capitalization of $262.69 billion, a P/E ratio of 25.20, a P/E/G ratio of 3.83 and a beta of 0.61. The firm’s fifty day simple moving average is $62.99 and its 200 day simple moving average is $66.48.

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. The company had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Coca-Cola’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. Equities research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was 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.