Benchmark Financial Wealth Advisors LLC decreased its position in Coca-Cola Co (The) (NYSE:KO) by 26.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,069 shares of the company’s stock after selling 1,497 shares during the quarter. Benchmark Financial Wealth Advisors LLC’s holdings in Coca-Cola were worth $201,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aspiriant LLC boosted its position in Coca-Cola by 5.2% during the second quarter. Aspiriant LLC now owns 19,121 shares of the company’s stock worth $854,000 after purchasing an additional 950 shares during the period. AE Wealth Management LLC boosted its position in Coca-Cola by 59.9% during the second quarter. AE Wealth Management LLC now owns 327,510 shares of the company’s stock worth $14,633,000 after purchasing an additional 122,633 shares during the period. WealthTrust Axiom LLC boosted its position in Coca-Cola by 1.5% during the second quarter. WealthTrust Axiom LLC now owns 21,779 shares of the company’s stock worth $973,000 after purchasing an additional 321 shares during the period. Howland Capital Management LLC boosted its position in Coca-Cola by 3.6% during the second quarter. Howland Capital Management LLC now owns 51,342 shares of the company’s stock worth $2,294,000 after purchasing an additional 1,807 shares during the period. Finally, Honkamp Krueger Financial Services Inc. boosted its position in shares of Coca-Cola by 15.8% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 107,383 shares of the company’s stock valued at $4,798,000 after acquiring an additional 14,679 shares during the period. 65.86% of the stock is owned by institutional investors and hedge funds.

Coca-Cola stock opened at $50.03 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.09 and a quick ratio of 0.96. The stock has a fifty day moving average price of $49.97 and a two-hundred day moving average price of $47.25. Coca-Cola Co has a 52-week low of $36.27 and a 52-week high of $60.13. The firm has a market capitalization of $214.90 billion, a P/E ratio of 23.60, a P/E/G ratio of 5.91 and a beta of 0.55.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Coca-Cola had a return on equity of 41.44% and a net margin of 26.77%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.26 billion. During the same period in the prior year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. On average, equities research analysts predict that Coca-Cola Co will post 1.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.64 annualized dividend and a yield of 3.28%. Coca-Cola’s dividend payout ratio is currently 77.73%.

Several research firms have recently weighed in on KO. Morgan Stanley raised Coca-Cola from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $54.00 in a research report on Wednesday, July 22nd. They noted that the move was a valuation call. Zacks Investment Research cut Coca-Cola from a “hold” rating to a “sell” rating and set a $52.00 price objective for the company. in a research report on Tuesday, September 22nd. Finally, Bank of America reissued a “buy” rating and issued a $53.00 price objective on shares of Coca-Cola in a research report on Friday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Coca-Cola presently has an average rating of “Buy” and an average price target of $54.19.

In other Coca-Cola news, SVP Robert Edward Long sold 37,534 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $48.21, for a total transaction of $1,809,514.14. Following the completion of the transaction, the senior vice president now directly owns 82,502 shares in the company, valued at $3,977,421.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Weinberg sold 400,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $48.42, for a total value of $19,368,000.00. Following the transaction, the director now owns 355,214 shares of the company’s stock, valued at $17,199,461.88. The disclosure for this sale can be found here. Insiders have sold 836,439 shares of company stock valued at $40,380,407 over the last quarter. Corporate insiders own 1.01% of the company’s stock.

About 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 Coca-Cola (NYSE:KO)

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