CHICAGO TRUST Co NA boosted its position in The Coca-Cola Co (NYSE:KO) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 19,909 shares of the company’s stock after acquiring an additional 315 shares during the period. CHICAGO TRUST Co NA’s holdings in The Coca-Cola were worth $1,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tower View Investment Management & Research LLC increased its stake in The Coca-Cola by 7.5% in the third quarter. Tower View Investment Management & Research LLC now owns 3,641 shares of the company’s stock valued at $198,000 after acquiring an additional 254 shares during the last quarter. Allworth Financial LP increased its stake in The Coca-Cola by 3.6% in the third quarter. Allworth Financial LP now owns 11,715 shares of the company’s stock valued at $638,000 after acquiring an additional 408 shares during the last quarter. Lucia Wealth Services LLC increased its stake in The Coca-Cola by 13.9% in the third quarter. Lucia Wealth Services LLC now owns 8,170 shares of the company’s stock valued at $445,000 after acquiring an additional 1,000 shares during the last quarter. Bell & Brown Wealth Advisors LLC boosted its position in The Coca-Cola by 2.6% during the third quarter. Bell & Brown Wealth Advisors LLC now owns 22,005 shares of the company’s stock valued at $1,194,000 after buying an additional 551 shares during the period. Finally, Cerebellum GP LLC purchased a new stake in The Coca-Cola during the third quarter valued at about $159,000. 67.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Coca-Cola stock traded up $0.25 during trading on Wednesday, reaching $53.83. 7,037,940 shares of the stock were exchanged, compared to its average volume of 13,416,772. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The stock’s fifty day moving average is $54.40 and its 200 day moving average is $51.18. The firm has a market cap of $233.21 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The Coca-Cola Co has a 1 year low of $44.25 and a 1 year high of $55.92.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The Coca-Cola’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. Equities analysts forecast that The Coca-Cola Co will post 2.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.97%. The Coca-Cola’s dividend payout ratio is currently 76.92%.

In other news, insider Nikolaos Koumettis sold 146,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the completion of the sale, the insider now directly owns 244,451 shares in the company, valued at $13,276,133.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Francisco Crespo sold 130,637 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $55.15, for a total transaction of $7,204,630.55. Following the sale, the senior vice president now owns 139,975 shares of the company’s stock, valued at $7,719,621.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 429,638 shares of company stock valued at $23,411,372. 1.33% of the stock is currently owned by company insiders.

Several analysts have issued reports on the stock. Bank of America restated a “buy” rating and set a $60.00 price target (up from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. Deutsche Bank upped their price target on shares of The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets upped their price target on shares of The Coca-Cola from $48.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Credit Suisse Group upped their price target on shares of The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, SunTrust Banks upped their price target on shares of The Coca-Cola to $60.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $54.26.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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