Segall Bryant & Hamill LLC Acquires New Shares in The Coca-Cola Company (NYSE:KO)

Segall Bryant & Hamill LLC acquired a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,339 shares of the company's stock, valued at approximately $2,683,000.

Other large investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Coca-Cola in the third quarter valued at about $269,382,000. Manning & Napier Advisors LLC acquired a new stake in Coca-Cola in the second quarter valued at $188,448,000. Pathway Financial Advisers LLC raised its position in 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 purchasing an additional 2,443,612 shares during the last quarter. Raymond James & Associates lifted 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 worth $397,515,000 after buying an additional 1,866,348 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of 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 buying an additional 1,722,202 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Stock Up 0.3 %

NYSE KO traded up $0.16 during mid-day trading on Friday, hitting $63.92. The company's stock had a trading volume of 19,562,231 shares, compared to its average volume of 15,164,770. The Coca-Cola Company has a twelve month low of $57.47 and a twelve month high of $73.53. The firm 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 simple moving average is $67.79 and its 200 day simple moving average is $66.54. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm 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 company's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. 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. Investors of record on Friday, November 29th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola's payout ratio is currently 80.17%.

Analysts Set New Price Targets

Several analysts recently commented on KO shares. Cfra reiterated a "hold" rating on shares of Coca-Cola in a report on Thursday, September 5th. Truist Financial lifted their target price 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. Hsbc Global Res upgraded Coca-Cola to a "strong-buy" rating in a report on Friday, September 27th. Barclays dropped their price objective on 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, Wells Fargo & Company raised their target price on Coca-Cola from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Four 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $72.36.

Insiders Place Their Bets

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of Coca-Cola 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 sale, the executive vice president now owns 223,330 shares of the company's stock, valued at approximately $15,968,095. The trade was a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Quincey sold 42,397 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $70.02, for a total transaction of $2,968,637.94. Following the transaction, the chief executive officer now directly owns 442,546 shares of the company's stock, valued at $30,987,070.92. This represents a 8.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 160,881 shares of company stock valued at $10,693,244 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

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.