X Square Capital LLC Buys 761 Shares of The Coca-Cola Company (NYSE:KO)

X Square Capital LLC lifted its stake in The Coca-Cola Company (NYSE:KO) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,699 shares of the company’s stock after buying an additional 761 shares during the quarter. X Square Capital LLC’s holdings in Coca-Cola were worth $2,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management raised its stake in Coca-Cola by 67.4% during the 1st quarter. Brookstone Capital Management now owns 78,799 shares of the company’s stock valued at $4,821,000 after purchasing an additional 31,740 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Coca-Cola during the 1st quarter valued at approximately $126,000. Key Client Fiduciary Advisors LLC raised its stake in Coca-Cola by 59.8% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 6,862 shares of the company’s stock valued at $420,000 after purchasing an additional 2,567 shares during the period. Aspiriant LLC raised its stake in Coca-Cola by 1.7% during the 1st quarter. Aspiriant LLC now owns 14,659 shares of the company’s stock valued at $897,000 after purchasing an additional 249 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in Coca-Cola by 14.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 38,634 shares of the company’s stock valued at $2,364,000 after purchasing an additional 4,754 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 37,787 shares of Coca-Cola stock in a transaction on Friday, July 26th. The stock was sold at an average price of $66.96, for a total transaction of $2,530,217.52. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $14,954,176.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Nancy Quan sold 37,787 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $66.96, for a total value of $2,530,217.52. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,954,176.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 38,653 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The disclosure for this sale can be found here. Insiders sold a total of 356,792 shares of company stock valued at $24,728,364 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KO. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. TD Cowen lifted their price objective on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Barclays lifted their price objective on Coca-Cola from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Bank of America lifted their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Coca-Cola Trading Down 2.1 %

Shares of NYSE KO opened at $68.02 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $70.74 and a two-hundred day simple moving average of $65.96. The firm has a market cap of $293.03 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60. The Coca-Cola Company has a twelve month low of $55.10 and a twelve month high of $73.53.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. Coca-Cola’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. Analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 2.85%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

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.