Coldstream Capital Management Inc. Has $8.83 Million Holdings in The Coca-Cola Company (NYSE:KO)

Coldstream Capital Management Inc. boosted its position in The Coca-Cola Company (NYSE:KO) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,365 shares of the company’s stock after acquiring an additional 6,409 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Coca-Cola were worth $8,825,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in Coca-Cola by 12.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 785,335 shares of the company’s stock valued at $49,987,000 after acquiring an additional 89,075 shares during the last quarter. ORG Partners LLC raised its stake in Coca-Cola by 2,577.5% during the second quarter. ORG Partners LLC now owns 4,873 shares of the company’s stock worth $309,000 after buying an additional 4,691 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Coca-Cola by 3.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 306,049 shares of the company’s stock valued at $19,480,000 after buying an additional 8,897 shares during the period. Cornerstone Wealth Management LLC boosted its position in Coca-Cola by 4.6% during the second quarter. Cornerstone Wealth Management LLC now owns 111,921 shares of the company’s stock valued at $7,124,000 after acquiring an additional 4,929 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Coca-Cola by 2.7% during the second quarter. AdvisorNet Financial Inc now owns 12,667 shares of the company’s stock worth $806,000 after purchasing an additional 338 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Up 0.2 %

KO stock opened at $62.63 on Tuesday. The stock has a 50-day simple moving average of $66.03 and a two-hundred day simple moving average of $66.61. 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 $269.80 billion, a PE ratio of 25.88, a PEG ratio of 3.80 and a beta of 0.61. 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) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. Coca-Cola’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio is 80.17%.

Insider Buying and Selling

In related news, CEO James Quincey sold 100,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at approximately $21,933,220.38. The trade was a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Cfra reissued a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. Barclays lowered their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Truist Financial raised their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley cut their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.14.

Coca-Cola Company 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.