27,582 Shares in The Coca-Cola Company (NYSE:KO) Purchased by Nwam LLC

Nwam LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,582 shares of the company's stock, valued at approximately $1,982,000.

A number of other institutional investors have also recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Coca-Cola in the 3rd quarter worth about $269,382,000. Manning & Napier Advisors LLC purchased a new stake in shares of Coca-Cola in the second quarter worth approximately $188,448,000. Pathway Financial Advisers LLC lifted its stake in shares of Coca-Cola by 7,006.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,478,487 shares of the company's stock worth $178,104,000 after acquiring an additional 2,443,612 shares during the last quarter. Raymond James & Associates boosted its holdings in Coca-Cola by 42.6% during the 2nd quarter. Raymond James & Associates now owns 6,245,331 shares of the company's stock valued at $397,515,000 after acquiring an additional 1,866,348 shares during the period. Finally, International Assets Investment Management LLC grew its position in Coca-Cola by 7,792.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,744,302 shares of the company's stock valued at $125,346,000 after acquiring an additional 1,722,202 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Coca-Cola Stock Performance

NYSE:KO traded up $0.16 during trading hours on Friday, hitting $63.92. 19,562,231 shares of the company were exchanged, compared to its average volume of 15,164,770. 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 52-week low of $57.47 and a 52-week high of $73.53. The stock has a market capitalization of $275.35 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.87 and a beta of 0.61. The company's 50 day moving average price is $67.79 and its 200-day moving average price is $66.51.

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

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, November 29th. Coca-Cola's dividend payout ratio (DPR) is currently 80.17%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KO shares. Morgan Stanley reduced their price target on shares of Coca-Cola from $78.00 to $76.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Hsbc Global Res raised Coca-Cola to a "strong-buy" rating in a research report on Friday, September 27th. Barclays decreased their price objective on Coca-Cola from $74.00 to $73.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Truist Financial boosted their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on Coca-Cola from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, September 16th. 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.36.

Insider Activity at Coca-Cola

In related news, EVP Nancy Quan sold 18,484 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. The trade was a 7.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James Quincey sold 100,000 shares of Coca-Cola stock in a transaction on Friday, November 8th. The shares were 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. The trade was a 22.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 160,881 shares of company stock worth $10,693,244 over the last three months. Company insiders own 0.97% of the company's stock.

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.