Mount Yale Investment Advisors LLC Reduces Holdings in The Coca-Cola Company (NYSE:KO)

Mount Yale Investment Advisors LLC reduced its stake in The Coca-Cola Company (NYSE:KO) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,121 shares of the company’s stock after selling 350 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Coca-Cola were worth $727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tectonic Advisors LLC boosted its holdings in shares of Coca-Cola by 10.7% during the third quarter. Tectonic Advisors LLC now owns 99,953 shares of the company’s stock worth $7,183,000 after purchasing an additional 9,694 shares during the period. Dakota Wealth Management raised its position in Coca-Cola by 1.1% during the 3rd quarter. Dakota Wealth Management now owns 100,998 shares of the company’s stock valued at $7,258,000 after purchasing an additional 1,127 shares during the last quarter. Mcdaniel Terry & Co. grew its position in shares of Coca-Cola by 0.9% in the 3rd quarter. Mcdaniel Terry & Co. now owns 423,150 shares of the company’s stock worth $30,408,000 after buying an additional 3,607 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Coca-Cola by 0.4% during the third quarter. IFM Investors Pty Ltd now owns 819,298 shares of the company’s stock valued at $58,875,000 after buying an additional 3,542 shares during the period. Finally, Pinnacle West Asset Management Inc. raised its holdings in shares of Coca-Cola by 1.6% during the third quarter. Pinnacle West Asset Management Inc. now owns 11,135 shares of the company’s stock valued at $800,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Wells Fargo & Company increased their price target on shares of Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Royal Bank of Canada lifted their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Bank of America increased their target price on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $71.80.

Insiders Place Their Bets

In other news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Quincey sold 42,397 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $70.02, for a total transaction of $2,968,637.94. Following the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $30,987,070.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 319,005 shares of company stock valued at $22,198,147. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE:KO opened at $66.92 on Friday. The business has a fifty day moving average price of $70.66 and a 200-day moving average price of $66.06. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The company has a market capitalization of $288.42 billion, a PE ratio of 27.09, a PEG ratio of 3.91 and a beta of 0.60. The Coca-Cola Company has a 1-year low of $55.10 and a 1-year high of $73.53.

Coca-Cola (NYSE:KO) last issued its earnings results 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. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $11.85 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 2.90%. Coca-Cola’s dividend payout ratio is 78.54%.

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.