9,968 Shares in The Coca-Cola Co (KO) Acquired by Accuvest Global Advisors

Accuvest Global Advisors bought a new stake in The Coca-Cola Co (NYSE:KO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,968 shares of the company’s stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its stake in The Coca-Cola by 2.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,496,714 shares of the company’s stock worth $161,564,000 after purchasing an additional 68,058 shares during the period. Pinnacle Financial Partners Inc. raised its stake in The Coca-Cola by 1.2% during the third quarter. Pinnacle Financial Partners Inc. now owns 188,607 shares of the company’s stock worth $8,711,000 after purchasing an additional 2,203 shares during the period. Reliance Trust Co. of Delaware raised its stake in The Coca-Cola by 6.2% during the third quarter. Reliance Trust Co. of Delaware now owns 56,087 shares of the company’s stock worth $2,591,000 after purchasing an additional 3,277 shares during the period. Dubuque Bank & Trust Co. raised its stake in The Coca-Cola by 12.9% during the third quarter. Dubuque Bank & Trust Co. now owns 155,308 shares of the company’s stock worth $7,173,000 after purchasing an additional 17,783 shares during the period. Finally, Ramsay Stattman Vela & Price Inc. raised its stake in The Coca-Cola by 1.6% during the third quarter. Ramsay Stattman Vela & Price Inc. now owns 159,457 shares of the company’s stock worth $7,365,000 after purchasing an additional 2,450 shares during the period. Institutional investors and hedge funds own 65.44% of the company’s stock.

KO has been the subject of a number of research reports. Barclays restated a “buy” rating and issued a $50.00 price objective on shares of The Coca-Cola in a report on Friday, October 5th. Zacks Investment Research cut shares of The Coca-Cola from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. JPMorgan Chase & Co. restated a “$45.12” rating and issued a $49.00 price objective on shares of The Coca-Cola in a report on Wednesday, July 18th. HSBC restated a “buy” rating and issued a $64.00 price objective on shares of The Coca-Cola in a report on Wednesday, October 31st. Finally, Jefferies Financial Group set a $48.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.22.

NYSE KO opened at $48.00 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $48.62. The company has a market cap of $204.76 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 3.15 and a beta of 0.60.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. As a group, research analysts expect that The Coca-Cola Co will post 2.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 3.25%. The Coca-Cola’s dividend payout ratio is presently 81.68%.

In other news, SVP James L. Dinkins sold 8,754 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. Following the completion of the sale, the senior vice president now owns 28,354 shares in the company, valued at approximately $1,331,220.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $47.98, for a total transaction of $479,800.00. Following the sale, the senior vice president now owns 92,645 shares of the company’s stock, valued at approximately $4,445,107.10. The disclosure for this sale can be found here. Insiders have sold a total of 61,754 shares of company stock valued at $2,954,800 in the last 90 days. Insiders own 1.48% of the company’s stock.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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