The Coca-Cola Company (NYSE:KO) Shares Sold by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC lowered its stake in The Coca-Cola Company (NYSE:KO) by 6.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,787 shares of the company’s stock after selling 502 shares during the quarter. Hollow Brook Wealth Management LLC’s holdings in Coca-Cola were worth $491,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KO. Coastwise Capital Group LLC raised its stake in shares of Coca-Cola by 9.2% in the 3rd quarter. Coastwise Capital Group LLC now owns 15,914 shares of the company’s stock worth $1,144,000 after buying an additional 1,338 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in Coca-Cola by 8.1% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 6,939 shares of the company’s stock worth $499,000 after purchasing an additional 522 shares during the period. Benjamin Edwards Inc. raised its stake in Coca-Cola by 485.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 93,563 shares of the company’s stock valued at $6,724,000 after purchasing an additional 77,580 shares during the period. Biglari Sardar lifted its holdings in shares of Coca-Cola by 3.8% in the third quarter. Biglari Sardar now owns 106,634 shares of the company’s stock valued at $7,663,000 after purchasing an additional 3,931 shares in the last quarter. Finally, Atom Investors LP acquired a new stake in shares of Coca-Cola in the third quarter worth $395,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley dropped their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Truist Financial boosted their price target on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Cfra restated a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. Finally, Barclays decreased their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.36.

Coca-Cola Stock Down 0.2 %

Coca-Cola stock opened at $63.97 on Monday. The Coca-Cola Company has a twelve month low of $57.47 and a twelve month high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The company has a 50 day moving average of $67.07 and a 200-day moving average of $66.61. The stock has a market capitalization of $275.57 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.89 and a beta of 0.61.

Coca-Cola (NYSE:KO) last released its 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 firm had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. 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 declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio is 80.17%.

Insider Buying and Selling

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

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.