Northwest Quadrant Wealth Management LLC Purchases Shares of 3,133 The Coca-Cola Company (NYSE:KO)

Northwest Quadrant Wealth Management LLC acquired a new position in The Coca-Cola Company (NYSE:KO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,133 shares of the company’s stock, valued at approximately $225,000.

A number of other large investors have also recently made changes to their positions in KO. HBW Advisory Services LLC boosted its position in shares of Coca-Cola by 202.5% in the third quarter. HBW Advisory Services LLC now owns 11,844 shares of the company’s stock worth $851,000 after purchasing an additional 7,928 shares during the period. Chemung Canal Trust Co. raised its holdings in shares of Coca-Cola by 139.6% during the 3rd quarter. Chemung Canal Trust Co. now owns 145,984 shares of the company’s stock worth $10,490,000 after acquiring an additional 85,061 shares in the last quarter. MRA Advisory Group increased its holdings in shares of Coca-Cola by 12.5% in the 3rd quarter. MRA Advisory Group now owns 4,938 shares of the company’s stock worth $355,000 after buying an additional 547 shares during the last quarter. Duncan Williams Asset Management LLC purchased a new stake in Coca-Cola during the third quarter valued at approximately $340,000. Finally, Apella Capital LLC raised its holdings in Coca-Cola by 1.4% during the 3rd quarter. Apella Capital LLC now owns 10,533 shares of the company’s stock valued at $748,000 after buying an additional 146 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total transaction of $2,667,443.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $14,507,516.80. 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. Also, insider Bruno Pietracci sold 38,653 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were 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 have sold a total of 376,096 shares of company stock valued at $25,982,352 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Barclays raised their target price on shares of Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Bank of America raised their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, BNP Paribas initiated coverage on shares of Coca-Cola in a report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price target for the company. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $71.07.

Coca-Cola Stock Performance

KO traded down $0.35 on Friday, reaching $70.17. The stock had a trading volume of 12,687,289 shares, compared to its average volume of 13,277,112. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $73.53. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The company has a market cap of $302.29 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 3.97 and a beta of 0.60. The business’s 50-day moving average price is $70.35 and its two-hundred day moving average price is $65.09.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $12.40 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. Sell-side analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Friday, September 13th. Coca-Cola’s dividend payout ratio is presently 77.60%.

About Coca-Cola

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.