Dynamic Advisor Solutions LLC Sells 437 Shares of The Coca-Cola Company (NYSE:KO)

Dynamic Advisor Solutions LLC lowered its holdings in The Coca-Cola Company (NYSE:KO) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,285 shares of the company’s stock after selling 437 shares during the period. Dynamic Advisor Solutions LLC’s holdings in The Coca-Cola were worth $3,803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of The Coca-Cola by 10.6% in the second quarter. Brighton Jones LLC now owns 28,747 shares of the company’s stock valued at $1,555,000 after purchasing an additional 2,758 shares during the period. CapWealth Advisors LLC raised its position in shares of The Coca-Cola by 10.4% in the second quarter. CapWealth Advisors LLC now owns 170,735 shares of the company’s stock valued at $9,238,000 after purchasing an additional 16,030 shares during the period. Investment Management of Virginia LLC raised its position in shares of The Coca-Cola by 9.8% in the second quarter. Investment Management of Virginia LLC now owns 7,218 shares of the company’s stock valued at $391,000 after purchasing an additional 643 shares during the period. National Asset Management Inc. raised its position in shares of The Coca-Cola by 2.6% in the second quarter. National Asset Management Inc. now owns 105,145 shares of the company’s stock valued at $5,689,000 after purchasing an additional 2,677 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in The Coca-Cola by 23.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 210,989 shares of the company’s stock worth $11,417,000 after acquiring an additional 39,442 shares during the period. 66.67% of the stock is currently owned by institutional investors.

KO has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of The Coca-Cola from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, July 22nd. Bank of America upped their target price on shares of The Coca-Cola from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 22nd. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, July 6th. Jefferies Financial Group upped their target price on shares of The Coca-Cola from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, July 16th. Finally, Truist upped their target price on shares of The Coca-Cola from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 22nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, The Coca-Cola presently has a consensus rating of “Buy” and an average target price of $61.25.

Shares of The Coca-Cola stock traded down $0.04 during trading on Wednesday, reaching $55.65. The company’s stock had a trading volume of 238,282 shares, compared to its average volume of 15,537,233. The Coca-Cola Company has a 52-week low of $47.30 and a 52-week high of $57.56. The company has a market cap of $239.95 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 2.85 and a beta of 0.62. The firm’s 50-day moving average is $56.29 and its two-hundred day moving average is $54.55. The company has a quick ratio of 1.25, a current ratio of 1.47 and a debt-to-equity ratio of 1.64.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 20th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The business had revenue of $10.10 billion during the quarter, compared to analysts’ expectations of $9.30 billion. The Coca-Cola had a net margin of 22.19% and a return on equity of 44.17%. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 EPS. On average, equities research analysts anticipate that The Coca-Cola Company will post 2.25 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.68 annualized dividend and a yield of 3.02%. The Coca-Cola’s payout ratio is currently 86.15%.

In related news, insider Mark Randazza sold 31,652 shares of the stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $57.01, for a total value of $1,804,480.52. Following the completion of the transaction, the insider now directly owns 69,925 shares in the company, valued at approximately $3,986,424.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brian John Smith sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $55.65, for a total transaction of $556,500.00. Following the sale, the chief operating officer now owns 144,229 shares of the company’s stock, valued at $8,026,343.85. The disclosure for this sale can be found here. Insiders have sold a total of 68,188 shares of company stock valued at $3,864,107 in the last three months. 1.01% of the stock is currently owned by corporate insiders.

The Coca-Cola Profile

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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

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