Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in Coca-Cola Co (The) (NYSE:KO) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,149 shares of the company’s stock after selling 826 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Coca-Cola were worth $6,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acorn Financial Advisory Services Inc. ADV grew its position in Coca-Cola by 14.8% in the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 6,175 shares of the company’s stock valued at $305,000 after acquiring an additional 798 shares during the period. Heron Financial Group LLC boosted its stake in shares of Coca-Cola by 6.7% in the 3rd quarter. Heron Financial Group LLC now owns 5,202 shares of the company’s stock valued at $257,000 after purchasing an additional 328 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Coca-Cola by 28.6% in the 3rd quarter. Raymond James Trust N.A. now owns 986,782 shares of the company’s stock worth $48,717,000 after purchasing an additional 219,463 shares during the last quarter. SL Advisors LLC increased its position in shares of Coca-Cola by 31.0% during the 3rd quarter. SL Advisors LLC now owns 6,749 shares of the company’s stock worth $333,000 after purchasing an additional 1,599 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its holdings in Coca-Cola by 11.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 12,002 shares of the company’s stock valued at $593,000 after purchasing an additional 1,270 shares during the last quarter. Hedge funds and other institutional investors own 65.86% of the company’s stock.

NYSE KO opened at $50.03 on Friday. Coca-Cola Co has a 12 month low of $36.27 and a 12 month high of $60.13. The stock has a 50-day simple moving average of $49.97 and a 200 day simple moving average of $47.25. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $214.90 billion, a PE ratio of 23.60, a P/E/G ratio of 5.91 and a beta of 0.55.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $7.26 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. The company’s revenue was down 28.0% on a year-over-year basis. As a group, sell-side analysts predict that Coca-Cola Co will post 1.79 earnings per share for the current fiscal year.

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

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

In other news, Director David B. Weinberg sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $48.02, for a total value of $2,401,000.00. Following the completion of the sale, the director now directly owns 355,214 shares of the company’s stock, valued at $17,057,376.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert Edward Long sold 37,534 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $48.21, for a total value of $1,809,514.14. Following the completion of the sale, the senior vice president now owns 82,502 shares in the company, valued at approximately $3,977,421.42. The disclosure for this sale can be found here. Insiders have sold a total of 836,439 shares of company stock worth $40,380,407 in the last ninety days. 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.

Further Reading: What is Green Investing?

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Co (The) (NYSE:KO).

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

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.