Darwin Wealth Management LLC Buys New Position in The Coca-Cola Company (NYSE:KO)

Darwin Wealth Management LLC purchased a new position in The Coca-Cola Company (NYSE:KO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,713 shares of the company's stock, valued at approximately $1,560,000.

A number of other institutional investors have also bought and sold shares of the business. Apella Capital LLC increased its position in Coca-Cola by 1.4% during the third quarter. Apella Capital LLC now owns 10,533 shares of the company's stock worth $748,000 after acquiring an additional 146 shares during the period. Investment Advisory Group LLC increased its position 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 acquiring an additional 146 shares during the period. Elwood & Goetz Wealth Advisory Group LLC increased its position 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 acquiring an additional 149 shares during the period. CCG Wealth Management LLC increased its holdings in Coca-Cola by 4.3% in the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock valued at $260,000 after buying an additional 149 shares during the period. Finally, Investment Partners Asset Management Inc. increased its holdings in Coca-Cola by 2.2% in the 3rd quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock valued at $500,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Transactions at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 100,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 342,546 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. This trade represents a 7.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,881 shares of company stock valued at $10,693,244. Insiders own 0.97% of the company's stock.

Coca-Cola Trading Up 0.7 %

Shares of NYSE:KO traded up $0.42 during trading on Wednesday, reaching $63.01. 18,895,553 shares of the company traded hands, compared to its average volume of 13,411,643. The firm has a market capitalization of $271.43 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 3.75 and a beta of 0.61. The Coca-Cola Company has a 52-week low of $57.33 and a 52-week high of $73.53. 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 business's fifty day moving average is $68.25 and its 200-day moving average is $66.55.

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

Coca-Cola Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on KO shares. Morgan Stanley dropped their price objective on Coca-Cola from $78.00 to $76.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Hsbc Global Res raised Coca-Cola to a "strong-buy" rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola from $64.00 to $65.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. TD Cowen increased their target price on Coca-Cola from $65.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada increased their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Coca-Cola presently has an average rating of "Moderate Buy" and an average target price of $72.36.

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.