Outlook Wealth Advisors LLC Reduces Stock Position in The Coca-Cola Co (NYSE:KO)

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Outlook Wealth Advisors LLC lowered its holdings in shares of The Coca-Cola Co (NYSE:KO) by 19.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,754 shares of the company’s stock after selling 2,644 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in The Coca-Cola were worth $585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC purchased a new position in The Coca-Cola in the second quarter worth approximately $25,000. LFA Lugano Financial Advisors SA grew its position in The Coca-Cola by 348.8% in the second quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock worth $28,000 after acquiring an additional 429 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in The Coca-Cola in the second quarter worth approximately $36,000. Prime Capital Investment Advisors LLC grew its position in The Coca-Cola by 49.6% in the second quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares during the period. Finally, Canton Hathaway LLC grew its position in The Coca-Cola by 83.5% in the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock worth $48,000 after acquiring an additional 430 shares during the period. Institutional investors own 67.52% of the company’s stock.

In other news, insider Nikolaos Koumettis sold 146,000 shares of The Coca-Cola stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the sale, the insider now directly owns 244,451 shares in the company, valued at approximately $13,276,133.81. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Beatriz R. Perez sold 14,000 shares of The Coca-Cola stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $53.40, for a total transaction of $747,600.00. Following the sale, the senior vice president now owns 108,457 shares in the company, valued at $5,791,603.80. The disclosure for this sale can be found here. Insiders sold a total of 429,638 shares of company stock worth $23,411,372 over the last 90 days. Company insiders own 1.33% of the company’s stock.

Several research analysts recently weighed in on KO shares. Deutsche Bank increased their price objective on The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. SunTrust Banks increased their price objective on The Coca-Cola to $60.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. HSBC restated a “neutral” rating and set a $52.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 24th. Royal Bank of Canada restated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. set a $59.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $54.26.

NYSE:KO traded up $1.14 during midday trading on Friday, reaching $54.93. The stock had a trading volume of 1,125,474 shares, compared to its average volume of 10,506,567. The Coca-Cola Co has a 1-year low of $44.42 and a 1-year high of $55.92. The firm’s fifty day simple moving average is $54.29 and its 200-day simple moving average is $51.47. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The stock has a market capitalization of $228.81 billion, a P/E ratio of 26.41, a PEG ratio of 3.72 and a beta of 0.45.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.42 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. On average, equities research analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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