Dynamic Advisor Solutions LLC Sells 3,370 Shares of The Coca-Cola Company (NYSE:KO)

Dynamic Advisor Solutions LLC decreased its position in The Coca-Cola Company (NYSE:KO) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 76,448 shares of the company’s stock after selling 3,370 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Coca-Cola were worth $5,494,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KO. Axiom Advisory LLC increased its holdings in Coca-Cola by 1.7% during the 3rd quarter. Axiom Advisory LLC now owns 42,432 shares of the company’s stock valued at $2,906,000 after purchasing an additional 694 shares during the period. Callan Family Office LLC increased its stake in shares of Coca-Cola by 20.3% during the third quarter. Callan Family Office LLC now owns 5,722 shares of the company’s stock valued at $411,000 after buying an additional 964 shares during the period. Exeter Financial LLC raised its holdings in shares of Coca-Cola by 0.6% during the third quarter. Exeter Financial LLC now owns 28,263 shares of the company’s stock valued at $2,031,000 after acquiring an additional 178 shares in the last quarter. Chapin Davis Inc. lifted its stake in Coca-Cola by 1.0% in the third quarter. Chapin Davis Inc. now owns 15,312 shares of the company’s stock worth $1,100,000 after acquiring an additional 153 shares during the period. Finally, Bangor Savings Bank boosted its holdings in Coca-Cola by 6.4% in the third quarter. Bangor Savings Bank now owns 11,282 shares of the company’s stock valued at $811,000 after acquiring an additional 682 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Stock Up 0.2 %

NYSE:KO opened at $69.16 on Wednesday. The firm has a 50-day simple moving average of $70.40 and a two-hundred day simple moving average of $65.21. The firm has a market cap of $297.94 billion, a P/E ratio of 27.66, a P/E/G ratio of 3.97 and a beta of 0.60. The Coca-Cola Company has a fifty-two week low of $52.11 and a fifty-two week high of $73.53. 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 released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. Analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.485 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.94 annualized dividend and a yield of 2.81%. Coca-Cola’s payout ratio is 77.60%.

Analyst Upgrades and Downgrades

Several research analysts have commented on KO shares. BNP Paribas started coverage on shares of Coca-Cola in a report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price objective for the company. Truist Financial raised their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Citigroup lifted their price target on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.07.

Insiders Place Their Bets

In other news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total value of $1,253,987.84. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $14,507,516.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total value of $1,253,987.84. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,507,516.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 376,096 shares of company stock valued at $25,982,352. 0.97% of the stock is 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.