Somerville Kurt F increased its stake in The Coca-Cola Co (NYSE:KO) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,907 shares of the company’s stock after buying an additional 1,180 shares during the period. Somerville Kurt F’s holdings in The Coca-Cola were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Clarus Wealth Advisors purchased a new stake in The Coca-Cola during the 2nd quarter valued at $101,000. WP Advisors LLC purchased a new stake in The Coca-Cola during the 2nd quarter valued at $107,000. Signature Estate & Investment Advisors LLC purchased a new stake in The Coca-Cola during the 2nd quarter valued at $116,000. Fort L.P. purchased a new stake in The Coca-Cola during the 2nd quarter valued at $122,000. Finally, BDO Wealth Advisors LLC boosted its stake in The Coca-Cola by 104.9% during the 2nd quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock valued at $139,000 after purchasing an additional 1,619 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

KO has been the topic of several research analyst reports. Morgan Stanley set a $50.00 price target on The Coca-Cola and gave the company a “neutral” rating in a report on Monday. Barclays reissued a “buy” rating and set a $50.00 price target on shares of The Coca-Cola in a report on Friday, October 5th. Zacks Investment Research cut The Coca-Cola from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Macquarie reissued a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a report on Thursday, October 4th. Finally, Morningstar set a $49.00 target price on The Coca-Cola and gave the stock a “buy” rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The Coca-Cola presently has an average rating of “Hold” and a consensus target price of $50.69.

In related news, insider John Murphy sold 56,000 shares of The Coca-Cola stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $46.48, for a total value of $2,602,880.00. Following the completion of the transaction, the insider now owns 140,869 shares in the company, valued at $6,547,591.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kathy N. Waller sold 48,354 shares of The Coca-Cola stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total value of $2,246,043.30. Following the completion of the transaction, the vice president now owns 200,725 shares of the company’s stock, valued at approximately $9,323,676.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 215,822 shares of company stock valued at $10,027,727. Company insiders own 1.48% of the company’s stock.

Shares of The Coca-Cola stock opened at $44.91 on Tuesday. The stock has a market cap of $197.04 billion, a PE ratio of 23.51, a PEG ratio of 2.85 and a beta of 0.74. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 1.39. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $48.62.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 25th. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.54 billion. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Analysts anticipate that The Coca-Cola Co will post 2.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, September 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.47%. The Coca-Cola’s payout ratio is 81.68%.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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