Advisor Partners LLC Increases Holdings in The Coca-Cola Co (NYSE:KO)

Advisor Partners LLC grew its holdings in shares of The Coca-Cola Co (NYSE:KO) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,776 shares of the company’s stock after purchasing an additional 10,962 shares during the quarter. The Coca-Cola makes up 0.7% of Advisor Partners LLC’s investment portfolio, making the stock its 28th largest holding. Advisor Partners LLC’s holdings in The Coca-Cola were worth $6,085,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KO. Krane Funds Advisors LLC bought a new stake in shares of The Coca-Cola during the 2nd quarter valued at about $25,000. LFA Lugano Financial Advisors SA boosted its position in shares of The Coca-Cola by 348.8% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after acquiring an additional 429 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of The Coca-Cola during the 2nd quarter valued at about $36,000. Prime Capital Investment Advisors LLC boosted its position in shares of The Coca-Cola by 49.6% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock valued at $46,000 after acquiring an additional 300 shares during the last quarter. Finally, Canton Hathaway LLC boosted its position in shares of The Coca-Cola by 83.5% during the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after acquiring an additional 430 shares during the last quarter. 67.52% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on KO. Deutsche Bank lifted their price target on The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Atlantic Securities assumed coverage on The Coca-Cola in a research report on Monday, July 29th. They set an “overweight” rating and a $62.00 price target for the company. ValuEngine downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. 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 research report on Wednesday, July 24th. Finally, HSBC restated a “neutral” rating and issued a $52.00 target price on shares of The Coca-Cola in a research report on Wednesday, July 24th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $54.26.

In related news, SVP Francisco Crespo sold 130,637 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $55.15, for a total value of $7,204,630.55. Following the sale, the senior vice president now directly owns 139,975 shares of the company’s stock, valued at $7,719,621.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Beatriz R. Perez sold 14,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total value of $747,600.00. Following the completion of the sale, the senior vice president now directly owns 108,457 shares in the company, valued at $5,791,603.80. The disclosure for this sale can be found here. Insiders sold a total of 429,638 shares of company stock worth $23,411,372 over the last ninety days. Insiders own 1.33% of the company’s stock.

The Coca-Cola stock traded up $0.36 during trading hours on Thursday, reaching $53.85. The company had a trading volume of 1,880,069 shares, compared to its average volume of 10,597,943. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The company has a 50-day moving average price of $54.31 and a 200 day moving average price of $51.43. The firm has a market cap of $227.91 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 3.71 and a beta of 0.45. 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 Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. As a group, research analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current year.

The Coca-Cola 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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