Advisors Asset Management Inc. Has $31.58 Million Position in The Coca-Cola Company (NYSE:KO)

Advisors Asset Management Inc. lifted its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 439,498 shares of the company's stock after purchasing an additional 46,011 shares during the quarter. Coca-Cola accounts for approximately 0.6% of Advisors Asset Management Inc.'s holdings, making the stock its 21st largest position. Advisors Asset Management Inc.'s holdings in Coca-Cola were worth $31,582,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Apella Capital LLC raised its stake in shares of Coca-Cola by 1.4% during the 3rd quarter. Apella Capital LLC now owns 10,533 shares of the company's stock worth $748,000 after purchasing an additional 146 shares in the last quarter. Investment Advisory Group LLC increased its holdings in Coca-Cola by 4.5% during the third quarter. Investment Advisory Group LLC now owns 3,378 shares of the company's stock worth $243,000 after buying an additional 146 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its holdings in Coca-Cola by 2.2% during the second quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 6,871 shares of the company's stock worth $437,000 after buying an additional 149 shares during the last quarter. CCG Wealth Management LLC raised its position in Coca-Cola by 4.3% during the third quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock worth $260,000 after acquiring an additional 149 shares in the last quarter. Finally, Investment Partners Asset Management Inc. lifted its stake in Coca-Cola by 2.2% in the third quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock valued at $500,000 after acquiring an additional 150 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a "hold" rating in a research note on Wednesday, July 24th. TD Cowen upped their price objective on Coca-Cola from $65.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, July 25th. Citigroup lifted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Truist Financial increased their price target on Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Cfra reaffirmed a "hold" rating on shares of Coca-Cola in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of "Moderate Buy" and an average price target of $72.36.

Coca-Cola Stock Performance

Shares of NYSE:KO traded up $0.42 on Wednesday, reaching $63.01. 18,895,553 shares of the company's stock were exchanged, compared to its average volume of 13,411,643. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The Coca-Cola Company has a twelve month low of $57.33 and a twelve month high of $73.53. The company has a fifty day moving average of $68.25 and a 200-day moving average of $66.55. The company has a market capitalization of $271.43 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.75 and a beta of 0.61.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The firm had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The company's revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. On average, research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, November 29th. Coca-Cola's dividend payout ratio (DPR) is presently 80.17%.

Insider Buying and Selling

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of Coca-Cola 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 transaction, the executive vice president now owns 223,330 shares in the company, valued at $15,968,095. The trade was a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James Quincey sold 100,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 160,881 shares of company stock valued at $10,693,244 over the last quarter. 0.97% of the stock is owned by company insiders.

Coca-Cola Profile

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.