The Coca-Cola Company (NYSE:KO) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 4.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,110 shares of the company's stock after buying an additional 8,491 shares during the period. First Horizon Advisors Inc.'s holdings in Coca-Cola were worth $13,589,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Apella Capital LLC grew its stake in 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 buying an additional 146 shares during the last quarter. Investment Advisory Group LLC boosted 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 purchasing an additional 146 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC lifted its position in Coca-Cola by 2.2% in the second quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 6,871 shares of the company's stock valued at $437,000 after buying an additional 149 shares during the last quarter. CCG Wealth Management LLC boosted its position in shares of Coca-Cola by 4.3% during the 3rd quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock worth $260,000 after purchasing an additional 149 shares during the period. Finally, Investment Partners Asset Management Inc. raised its position 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 purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Wall Street Analyst Weigh In

KO has been the subject of several analyst reports. Barclays lowered their price target on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a report on Friday, October 25th. TD Cowen boosted their target price on Coca-Cola from $65.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, July 25th. Morgan Stanley decreased their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Citigroup raised their price objective on Coca-Cola from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company raised their price target on Coca-Cola from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.36.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 223,330 shares of the company's stock, valued at $15,968,095. This trade represents a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Quincey sold 42,397 shares of Coca-Cola stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $70.02, for a total value of $2,968,637.94. Following the completion of the sale, the chief executive officer now owns 442,546 shares of the company's stock, valued at $30,987,070.92. The trade was a 8.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,881 shares of company stock valued at $10,693,244. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Performance

Shares of KO stock traded up $0.42 during trading on Wednesday, reaching $63.01. The company had a trading volume of 18,895,553 shares, compared to its average volume of 13,411,643. The firm's 50 day simple moving average is $68.25 and its two-hundred day simple moving average is $66.55. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The Coca-Cola Company has a one year low of $57.33 and a one year high of $73.53. The company has a market capitalization of $271.43 billion, a PE ratio of 25.68, a PEG ratio of 3.75 and a beta of 0.61.

Coca-Cola (NYSE:KO - Get Free Report) last announced 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. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. 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 firm earned $0.74 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

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 given a dividend of $0.485 per share. 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 payout ratio is presently 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.