9,308 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Copley Financial Group Inc.

Copley Financial Group Inc. bought a new position in shares of The Coca-Cola Company (NYSE:KO) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 9,308 shares of the company’s stock, valued at approximately $669,000.

Several other hedge funds have also recently bought and sold shares of KO. Beaird Harris Wealth Management LLC grew its stake in shares of Coca-Cola by 57.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 2,409 shares of the company’s stock valued at $173,000 after buying an additional 880 shares in the last quarter. American Trust raised its stake in Coca-Cola by 11.2% in the third quarter. American Trust now owns 17,573 shares of the company’s stock valued at $1,263,000 after purchasing an additional 1,771 shares in the last quarter. Franklin Resources Inc. raised its stake in Coca-Cola by 6.1% during the third quarter. Franklin Resources Inc. now owns 27,984,953 shares of the company’s stock worth $1,990,407,000 after acquiring an additional 1,609,565 shares in the last quarter. Decatur Capital Management Inc. acquired a new position in Coca-Cola during the third quarter worth about $3,395,000. Finally, Wilmington Savings Fund Society FSB raised its stake in Coca-Cola by 222.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 192,237 shares of the company’s stock worth $13,814,000 after acquiring an additional 132,701 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction dated 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 transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.8 %

NYSE:KO traded down $0.52 during mid-day trading on Friday, reaching $63.32. The company’s stock had a trading volume of 2,069,058 shares, compared to its average volume of 13,797,670. The company’s fifty day simple moving average is $65.55 and its two-hundred day simple moving average is $66.57. The stock has a market cap of $272.77 billion, a P/E ratio of 26.38, a P/E/G ratio of 3.81 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a twelve month low of $57.47 and a twelve month high of $73.53.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The firm had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the business earned $0.74 EPS. The firm’s revenue was down .8% on a year-over-year basis. On average, equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio is 80.17%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Cfra reissued a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Wells Fargo & Company decreased their target price on Coca-Cola from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised Coca-Cola from a “hold” rating to a “buy” rating and upped their price target for the stock from $68.00 to $70.00 in a research note on Thursday. Finally, Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.50.

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.