Franklin Street Advisors Inc. NC Decreases Holdings in The Coca-Cola Company (NYSE:KO)

Franklin Street Advisors Inc. NC reduced its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 49.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,087 shares of the company's stock after selling 158,142 shares during the period. Franklin Street Advisors Inc. NC's holdings in Coca-Cola were worth $10,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Apella Capital LLC lifted 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 valued at $748,000 after buying an additional 146 shares in the last quarter. Investment Advisory Group LLC lifted its stake in shares of Coca-Cola by 4.5% during the 3rd quarter. Investment Advisory Group LLC now owns 3,378 shares of the company's stock valued at $243,000 after buying an additional 146 shares in the last quarter. CCG Wealth Management LLC lifted its stake 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 valued at $260,000 after buying an additional 149 shares in the last quarter. Investment Partners Asset Management Inc. lifted its stake in shares of Coca-Cola by 2.2% during 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 in the last quarter. Finally, Chapin Davis Inc. lifted its stake in shares of Coca-Cola by 1.0% during the 3rd quarter. Chapin Davis Inc. now owns 15,312 shares of the company's stock valued at $1,100,000 after buying an additional 153 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.00. Following the completion of the sale, the chief executive officer now owns 342,546 shares of the company's stock, valued at approximately $21,933,220.38. This represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Trading Down 1.2 %

NYSE:KO traded down $0.73 during mid-day trading on Friday, hitting $60.98. 22,420,855 shares of the stock traded hands, compared to its average volume of 15,991,351. The stock has a market capitalization of $262.69 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 3.83 and a beta of 0.61. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The firm's 50 day moving average is $62.99 and its two-hundred day moving average is $66.48. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

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

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.485 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 3.18%. Coca-Cola's dividend payout ratio is currently 80.17%.

Analysts Set New Price Targets

Several brokerages have commented on KO. Piper Sandler began coverage on shares of Coca-Cola in a research note on Tuesday. They issued an "overweight" rating and a $74.00 price target on the stock. TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of Coca-Cola from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday. Barclays decreased their price target on shares of Coca-Cola from $74.00 to $73.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial boosted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.60.

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.