BlueSky Wealth Advisors LLC lessened its stake in shares of The Coca-Cola Co (NYSE:KO) by 7.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,197 shares of the company’s stock after selling 418 shares during the quarter. BlueSky Wealth Advisors LLC’s holdings in The Coca-Cola were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KO. Krane Funds Advisors LLC purchased a new position in The Coca-Cola during the 2nd quarter valued at about $25,000. LFA Lugano Financial Advisors SA grew its stake in The Coca-Cola by 348.8% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after acquiring an additional 429 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of The Coca-Cola in the 2nd quarter valued at approximately $36,000. Prime Capital Investment Advisors LLC grew its stake in shares of The Coca-Cola by 49.6% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock valued at $46,000 after buying an additional 300 shares in the last quarter. Finally, Canton Hathaway LLC grew its stake in shares of The Coca-Cola by 83.5% in the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after buying an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 67.52% of the company’s stock.

In other news, SVP Francisco Crespo sold 130,637 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 139,975 shares in the company, valued at $7,719,621.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jennifer K. Mann sold 9,126 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $53.48, for a total value of $488,058.48. Following the transaction, the insider now owns 41,175 shares of the company’s stock, valued at $2,202,039. The disclosure for this sale can be found here. Insiders have sold 429,638 shares of company stock valued at $23,411,372 in the last ninety days. Company insiders own 1.33% of the company’s stock.

KO has been the subject of several recent research reports. Credit Suisse Group boosted their price target on The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Bank of America reissued a “buy” rating and issued a $60.00 price target (up previously from $55.00) on shares of The Coca-Cola in a research note on Wednesday, July 24th. ValuEngine cut The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Deutsche Bank boosted their price target on The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, HSBC reissued a “neutral” rating and issued a $52.00 price target on shares of The Coca-Cola in a research note on Wednesday, July 24th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $54.26.

The Coca-Cola stock traded down $0.14 during trading hours on Wednesday, reaching $53.37. 2,327,124 shares of the company were exchanged, compared to its average volume of 10,788,380. The firm has a market cap of $227.91 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 3.71 and a beta of 0.45. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average of $54.33 and a 200 day moving average of $51.40. The Coca-Cola Co has a 12 month low of $44.42 and a 12 month high of $55.92.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 13th. This represents a $1.60 dividend on an annualized basis and a yield of 3.00%. The Coca-Cola’s payout ratio is currently 76.92%.

The Coca-Cola Profile

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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