Catalyst Financial Partners LLC Acquires 577 Shares of The Coca-Cola Company (NYSE:KO)

Catalyst Financial Partners LLC raised its stake in shares of The Coca-Cola Company (NYSE:KO) by 2.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,782 shares of the company’s stock after acquiring an additional 577 shares during the period. Catalyst Financial Partners LLC’s holdings in Coca-Cola were worth $1,493,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola in the third quarter valued at about $36,000. Goldstone Financial Group LLC bought a new position in shares of Coca-Cola in the 3rd quarter worth approximately $228,000. Boyd Wealth Management LLC purchased a new position in shares of Coca-Cola in the third quarter worth approximately $201,000. JFS Wealth Advisors LLC grew its position in Coca-Cola by 12.6% during the third quarter. JFS Wealth Advisors LLC now owns 27,559 shares of the company’s stock valued at $1,980,000 after buying an additional 3,073 shares during the period. Finally, SteelPeak Wealth LLC increased its holdings in Coca-Cola by 13.9% during the third quarter. SteelPeak Wealth LLC now owns 152,612 shares of the company’s stock valued at $11,036,000 after buying an additional 18,578 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of a number of recent research reports. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Wells Fargo & Company raised their target price on shares of Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Barclays dropped their price target 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, October 25th. Citigroup raised their price objective 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 reaffirmed a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average target price of $71.80.

Coca-Cola Stock Up 0.5 %

Coca-Cola stock opened at $65.92 on Thursday. The Coca-Cola Company has a twelve month low of $56.06 and a twelve month high of $73.53. The business has a fifty day moving average of $70.47 and a two-hundred day moving average of $66.22. The firm has a market cap of $283.97 billion, a P/E ratio of 27.24, a P/E/G ratio of 3.91 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the business posted $0.74 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 2.94%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was 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 of the company’s stock, valued at approximately $15,968,095. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Quincey sold 102,533 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $30,987,070.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 319,005 shares of company stock valued at $22,198,147 over the last 90 days. Insiders own 0.97% of the company’s stock.

About Coca-Cola

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.