The Coca-Cola Company (NYSE:KO) Shares Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,924 shares of the company’s stock after purchasing an additional 179 shares during the period. Cypress Wealth Services LLC’s holdings in Coca-Cola were worth $641,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC purchased a new stake in shares of Coca-Cola in the fourth quarter worth approximately $670,000. Washington Trust Bank grew its holdings in shares of Coca-Cola by 5.8% during the 4th quarter. Washington Trust Bank now owns 6,139 shares of the company’s stock valued at $362,000 after acquiring an additional 337 shares in the last quarter. Power Corp of Canada acquired a new position in shares of Coca-Cola in the fourth quarter worth $3,341,000. Waverly Advisors LLC raised its holdings in shares of Coca-Cola by 2.8% during the fourth quarter. Waverly Advisors LLC now owns 302,041 shares of the company’s stock worth $17,799,000 after acquiring an additional 8,362 shares in the last quarter. Finally, Pitcairn Co. grew its stake in Coca-Cola by 4.5% in the fourth quarter. Pitcairn Co. now owns 61,158 shares of the company’s stock valued at $3,604,000 after purchasing an additional 2,627 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Performance

KO stock traded up $0.02 on Thursday, reaching $69.59. 713,819 shares of the company were exchanged, compared to its average volume of 13,199,094. The firm has a market capitalization of $299.79 billion, a PE ratio of 27.82, a PEG ratio of 3.97 and a beta of 0.60. The Coca-Cola Company has a 12 month low of $52.43 and a 12 month high of $73.53. The stock’s fifty day moving average price is $70.48 and its 200 day moving average price is $65.30. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, September 13th. Coca-Cola’s payout ratio is presently 77.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup lifted their price target on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Truist Financial upped 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. Finally, TD Cowen raised their target price on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Five equities 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 company. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $71.07.

Insider Activity

In other news, CEO James Quincey sold 102,533 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total value of $7,179,360.66. Following the completion of the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO James Quincey sold 102,533 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value 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 approximately $30,987,070.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Nancy Quan sold 37,787 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $66.96, for a total value of $2,530,217.52. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $14,954,176.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 376,096 shares of company stock worth $25,982,352. Company 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.