Prospera Private Wealth LLC Has $3.71 Million Holdings in The Coca-Cola Company (NYSE:KO)

Prospera Private Wealth LLC grew its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 336.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,638 shares of the company's stock after purchasing an additional 39,816 shares during the period. Prospera Private Wealth LLC's holdings in Coca-Cola were worth $3,711,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Apella Capital LLC lifted its holdings in 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 purchasing an additional 146 shares during the last quarter. Investment Advisory Group LLC grew its position in Coca-Cola by 4.5% during the 3rd 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 last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its holdings in Coca-Cola by 2.2% during the 2nd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 6,871 shares of the company's stock valued at $437,000 after purchasing an additional 149 shares in the last quarter. CCG Wealth Management LLC boosted its stake in Coca-Cola by 4.3% in the third quarter. CCG Wealth Management LLC now owns 3,614 shares of the company's stock worth $260,000 after purchasing an additional 149 shares in the last quarter. Finally, Investment Partners Asset Management Inc. grew its holdings in Coca-Cola by 2.2% during the 3rd quarter. Investment Partners Asset Management Inc. now owns 6,956 shares of the company's stock worth $500,000 after acquiring an additional 150 shares during the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO James Quincey sold 42,397 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $70.02, for a total value of $2,968,637.94. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. This represents a 8.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company's stock, valued at approximately $15,968,095. This trade represents a 7.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 160,881 shares of company stock valued at $10,693,244 in the last quarter. Company insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

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

Coca-Cola Stock Up 0.2 %

Shares of KO stock traded up $0.10 during trading on Wednesday, reaching $62.69. The company's stock had a trading volume of 5,259,877 shares, compared to its average volume of 13,353,827. The business has a fifty day moving average price of $68.25 and a 200-day moving average price of $66.55. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. 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 cap of $270.06 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 3.75 and a beta of 0.61.

Coca-Cola (NYSE:KO - Get Free Report) last posted its quarterly earnings results 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 return on equity of 44.01% and a net margin of 22.45%. The firm had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the company earned $0.74 earnings per share. The business's revenue was down .8% compared to the same quarter last year. Analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently declared 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. This represents a $1.94 annualized dividend and a yield of 3.09%. The ex-dividend date is Friday, November 29th. Coca-Cola's dividend payout ratio (DPR) is currently 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.