Montag A & Associates Inc. decreased its holdings in shares of The Coca-Cola Co (NYSE:KO) by 13.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 607,480 shares of the company’s stock after selling 91,657 shares during the period. The Coca-Cola accounts for 2.9% of Montag A & Associates Inc.’s portfolio, making the stock its 4th largest position. Montag A & Associates Inc.’s holdings in The Coca-Cola were worth $33,071,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in The Coca-Cola in the second quarter worth approximately $25,000. LFA Lugano Financial Advisors SA boosted its holdings in The Coca-Cola by 348.8% in the second quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock worth $28,000 after purchasing an additional 429 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in The Coca-Cola in the second quarter worth approximately $36,000. KCS Wealth Advisory purchased a new stake in The Coca-Cola in the third quarter worth approximately $41,000. Finally, Proffitt & Goodson Inc. purchased a new stake in The Coca-Cola in the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 67.32% of the company’s stock.

In other The Coca-Cola news, SVP Nancy Quan sold 24,000 shares of The Coca-Cola stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.90, for a total value of $1,293,600.00. Following the completion of the transaction, the senior vice president now directly owns 189,049 shares of the company’s stock, valued at approximately $10,189,741.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian John Smith sold 60,000 shares of The Coca-Cola stock in a transaction on Monday, September 9th. The stock was sold at an average price of $54.87, for a total transaction of $3,292,200.00. Following the completion of the transaction, the chief operating officer now directly owns 174,302 shares of the company’s stock, valued at $9,563,950.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 403,026 shares of company stock worth $22,037,406. 1.33% of the stock is currently owned by insiders.

Several brokerages recently issued reports on KO. Deutsche Bank raised their target price on shares of The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Bank of America restated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of The Coca-Cola in a report on Wednesday, July 24th. Morgan Stanley restated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a report on Tuesday, October 29th. Royal Bank of Canada restated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. Finally, Credit Suisse Group raised their target price on shares of The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.95.

NYSE KO traded down $0.08 on Friday, reaching $52.21. The company had a trading volume of 7,141,331 shares, compared to its average volume of 13,198,850. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $224.59 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. The firm’s 50 day moving average price is $53.90 and its 200 day moving average price is $52.21. 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 quarterly earnings results on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.56. The company had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.42 billion. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The Coca-Cola’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. On average, research analysts expect that The Coca-Cola Co will post 2.1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 3.06%. The Coca-Cola’s dividend payout ratio is currently 76.92%.

The Coca-Cola Company 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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