Good Life Advisors LLC Has $3.11 Million Holdings in The Coca-Cola Company (NYSE:KO)

Good Life Advisors LLC trimmed its position in shares of The Coca-Cola Company (NYSE:KO) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,593 shares of the company’s stock after selling 5,730 shares during the period. Good Life Advisors LLC’s holdings in Coca-Cola were worth $3,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Morgan Stanley lifted its holdings in Coca-Cola by 15.7% during the 4th quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock valued at $5,031,669,000 after purchasing an additional 10,722,435 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Coca-Cola by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 76,982,020 shares of the company’s stock worth $4,764,721,000 after buying an additional 1,087,974 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Coca-Cola by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,636,577 shares of the company’s stock worth $3,728,653,000 after buying an additional 2,546,489 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Coca-Cola by 103,297.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock valued at $3,672,479,000 after buying an additional 57,678,466 shares during the last quarter. Finally, Norges Bank bought a new position in Coca-Cola in the 4th quarter valued at about $2,937,315,000. 68.96% of the stock is owned by institutional investors.

Insider Activity

In other Coca-Cola news, SVP Beatriz R. Perez sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $62.66, for a total transaction of $3,133,000.00. Following the sale, the senior vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,984,378.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Coca-Cola news, SVP Monica Howard Douglas sold 21,074 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $60.90, for a total transaction of $1,283,406.60. Following the transaction, the senior vice president now directly owns 18,360 shares in the company, valued at approximately $1,118,124. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Beatriz R. Perez sold 50,000 shares of Coca-Cola stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $62.66, for a total transaction of $3,133,000.00. Following the completion of the sale, the senior vice president now owns 143,383 shares of the company’s stock, valued at approximately $8,984,378.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 227,364 shares of company stock worth $14,122,016. Insiders own 1.00% of the company’s stock.

Coca-Cola Trading Down 0.9 %

Shares of KO opened at $57.94 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.14. The Coca-Cola Company has a 52-week low of $54.01 and a 52-week high of $64.99. The firm has a market cap of $250.55 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.43 and a beta of 0.55. The business’s fifty day moving average is $60.49 and its 200-day moving average is $61.24.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.74 billion. Coca-Cola had a return on equity of 43.06% and a net margin of 23.81%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 earnings per share. Equities analysts anticipate that The Coca-Cola Company will post 2.63 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.46 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 3.18%. Coca-Cola’s dividend payout ratio is currently 75.72%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KO shares. Barclays increased their target price on Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Royal Bank of Canada upped their price target on shares of Coca-Cola from $69.00 to $70.00 in a research note on Thursday, July 27th. HSBC dropped their price objective on shares of Coca-Cola from $77.00 to $74.00 in a research note on Wednesday, June 7th. Wedbush raised their target price on shares of Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, JPMorgan Chase & Co. boosted their price target on Coca-Cola from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

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.