Smith Thornton Advisors LLC Purchases 210 Shares of The Coca-Cola Company (NYSE:KO)

Smith Thornton Advisors LLC increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,648 shares of the company’s stock after buying an additional 210 shares during the period. Smith Thornton Advisors LLC’s holdings in Coca-Cola were worth $1,627,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Lewis Asset Management LLC raised its position in shares of Coca-Cola by 17.1% during the third quarter. Lewis Asset Management LLC now owns 4,228 shares of the company’s stock worth $304,000 after acquiring an additional 617 shares during the last quarter. Lifestyle Asset Management Inc. acquired a new stake in Coca-Cola in the third quarter worth about $207,000. Mine & Arao Wealth Creation & Management LLC. lifted its position in Coca-Cola by 7.4% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 11,694 shares of the company’s stock valued at $840,000 after purchasing an additional 802 shares during the period. Trinity Legacy Partners LLC bought a new position in shares of Coca-Cola in the 3rd quarter valued at about $212,000. Finally, Consolidated Planning Corp grew its position in shares of Coca-Cola by 1.5% during the 3rd quarter. Consolidated Planning Corp now owns 30,843 shares of the company’s stock worth $2,216,000 after buying an additional 452 shares during the period. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Down 0.1 %

NYSE:KO opened at $63.66 on Friday. The stock has a 50-day simple moving average of $69.90 and a 200 day simple moving average of $66.43. The Coca-Cola Company has a 52-week low of $56.06 and a 52-week high of $73.53. The company has a market cap of $274.23 billion, a PE ratio of 26.31, a PEG ratio of 3.96 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) 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 company had revenue of $11.85 billion for 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 firm’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 3.05%. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KO shares. Cfra restated a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. TD Cowen raised their price target on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Barclays dropped 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. 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. Finally, Morgan Stanley lowered their price target on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Insider Transactions at Coca-Cola

In other news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were 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 in the company, valued at $15,968,095. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lisa Chang sold 40,334 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $69.54, for a total value of $2,804,826.36. Following the completion of the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at $5,150,619.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 203,748 shares of company stock worth $14,274,431 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

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.