The Coca-Cola Company (NYSE:KO) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lessened its position in The Coca-Cola Company (NYSE:KO) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,413 shares of the company’s stock after selling 400 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Coca-Cola were worth $275,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KO. Y.D. More Investments Ltd grew its position in Coca-Cola by 190.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,765 shares of the company’s stock valued at $112,000 after buying an additional 1,158 shares in the last quarter. Achmea Investment Management B.V. boosted its position in shares of Coca-Cola by 1.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 143,615 shares of the company’s stock valued at $9,141,000 after purchasing an additional 2,350 shares in the last quarter. PFG Advisors boosted its position in shares of Coca-Cola by 4.7% during the 2nd quarter. PFG Advisors now owns 12,755 shares of the company’s stock valued at $812,000 after purchasing an additional 567 shares in the last quarter. Ullmann Wealth Partners Group LLC boosted its position in shares of Coca-Cola by 6.9% during the 2nd quarter. Ullmann Wealth Partners Group LLC now owns 7,901 shares of the company’s stock valued at $503,000 after purchasing an additional 512 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Coca-Cola by 8.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 8,310,453 shares of the company’s stock valued at $532,558,000 after purchasing an additional 640,402 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several research reports. Wells Fargo & Company reduced their price objective on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley reduced their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Truist Financial upped their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the stock from $68.00 to $70.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the transaction, the chief executive officer now directly owns 342,546 shares of the company’s stock, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Trading Down 1.2 %

Shares of KO stock opened at $60.98 on Friday. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $62.91 and its two-hundred day moving average is $66.46. The company has a market cap of $262.69 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 3.83 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. Coca-Cola’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. Equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.485 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.94 annualized dividend and a dividend yield of 3.18%. Coca-Cola’s payout ratio is 80.17%.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.