We Are One Seven LLC Has $444,000 Stock Holdings in The Coca-Cola Co (NYSE:KO)

We Are One Seven LLC cut its position in shares of The Coca-Cola Co (NYSE:KO) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,161 shares of the company’s stock after selling 849 shares during the quarter. We Are One Seven LLC’s holdings in The Coca-Cola were worth $444,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KO. M. Kraus & Co lifted its stake in The Coca-Cola by 4.2% during the third quarter. M. Kraus & Co now owns 5,009 shares of the company’s stock worth $273,000 after purchasing an additional 200 shares during the period. First American Trust FSB lifted its stake in The Coca-Cola by 1.6% during the third quarter. First American Trust FSB now owns 164,658 shares of the company’s stock worth $8,964,000 after purchasing an additional 2,666 shares during the period. Legacy Advisors LLC lifted its stake in The Coca-Cola by 2.8% during the third quarter. Legacy Advisors LLC now owns 8,200 shares of the company’s stock worth $450,000 after purchasing an additional 227 shares during the period. Bogart Wealth LLC lifted its stake in The Coca-Cola by 2.7% during the third quarter. Bogart Wealth LLC now owns 14,659 shares of the company’s stock worth $798,000 after purchasing an additional 389 shares during the period. Finally, American National Bank lifted its stake in The Coca-Cola by 14.5% during the third quarter. American National Bank now owns 8,102 shares of the company’s stock worth $441,000 after purchasing an additional 1,025 shares during the period. 67.48% of the stock is currently owned by institutional investors and hedge funds.

KO stock opened at $53.30 on Friday. 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 company has a 50 day moving average price of $54.38 and a 200 day moving average price of $51.26. The Coca-Cola Co has a fifty-two week low of $44.25 and a fifty-two week high of $55.92. The stock has a market capitalization of $230.18 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 3.74 and a beta of 0.45.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The Coca-Cola’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.

In related news, SVP Beatriz R. Perez sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $53.40, for a total value of $747,600.00. Following the completion of the transaction, the senior vice president now owns 108,457 shares in the company, valued at approximately $5,791,603.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian John Smith sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $54.87, for a total transaction of $3,292,200.00. Following the completion of the transaction, the chief operating officer now owns 174,302 shares of the company’s stock, valued at approximately $9,563,950.74. The disclosure for this sale can be found here. Insiders sold a total of 429,638 shares of company stock valued at $23,411,372 in the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

A number of research firms have recently issued reports on KO. JPMorgan Chase & Co. lifted their target price on shares of The Coca-Cola from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. Deutsche Bank lifted their target price on shares of The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America reiterated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of The Coca-Cola in a research note on Wednesday, July 24th. Finally, HSBC reiterated a “neutral” rating and issued a $52.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.26.

The Coca-Cola Company 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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