The Coca-Cola Company (NYSE:KO) Shares Sold by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. lowered its position in shares of The Coca-Cola Company (NYSE:KO) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,056 shares of the company’s stock after selling 1,450 shares during the quarter. Coca-Cola comprises 1.0% of SS&H Financial Advisors Inc.’s portfolio, making the stock its 25th largest position. SS&H Financial Advisors Inc.’s holdings in Coca-Cola were worth $2,676,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in KO. Jones Financial Companies Lllp grew its holdings in shares of Coca-Cola by 15.2% during the fourth quarter. Jones Financial Companies Lllp now owns 31,101 shares of the company’s stock valued at $1,833,000 after purchasing an additional 4,107 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in Coca-Cola by 97.3% in the 4th quarter. CWA Asset Management Group LLC now owns 15,548 shares of the company’s stock worth $916,000 after buying an additional 7,666 shares in the last quarter. Blueshift Asset Management LLC grew its holdings in Coca-Cola by 41.8% in the 4th quarter. Blueshift Asset Management LLC now owns 9,055 shares of the company’s stock worth $534,000 after buying an additional 2,671 shares in the last quarter. Optiver Holding B.V. bought a new position in Coca-Cola in the 4th quarter worth approximately $4,627,000. Finally, Capital Research Global Investors grew its holdings in Coca-Cola by 4.3% in the 4th quarter. Capital Research Global Investors now owns 3,796,462 shares of the company’s stock worth $223,726,000 after buying an additional 156,071 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Nancy Quan sold 18,484 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $15,968,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Nancy Quan sold 18,484 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $15,968,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa Chang sold 58,122 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total value of $3,981,938.22. Following the completion of the sale, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,074,330.17. The disclosure for this sale can be found here. Insiders sold 974,715 shares of company stock worth $579,704,927 over the last quarter. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $71.73 on Wednesday. The Coca-Cola Company has a one year low of $51.55 and a one year high of $73.53. The stock has a fifty day moving average of $70.10 and a 200-day moving average of $64.94. The company has a market capitalization of $309.01 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.97 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities 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 was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a $0.485 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.70%. Coca-Cola’s payout ratio is currently 77.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Citigroup increased their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $71.07.

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.