Crestwood Advisors Group LLC Has $9.43 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Crestwood Advisors Group LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 0.6% in the third quarter, HoldingsChannel reports. The fund owned 131,194 shares of the company’s stock after buying an additional 733 shares during the period. Crestwood Advisors Group LLC’s holdings in Coca-Cola were worth $9,428,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KO. Ameritas Advisory Services LLC lifted its position in Coca-Cola by 4.2% during the 3rd quarter. Ameritas Advisory Services LLC now owns 60,156 shares of the company’s stock valued at $4,323,000 after purchasing an additional 2,404 shares during the period. Hanlon Investment Management Inc. lifted its holdings in Coca-Cola by 9.8% in the third quarter. Hanlon Investment Management Inc. now owns 4,734 shares of the company’s stock valued at $340,000 after buying an additional 424 shares during the period. Pittenger & Anderson Inc. boosted its stake in Coca-Cola by 0.4% in the third quarter. Pittenger & Anderson Inc. now owns 61,735 shares of the company’s stock valued at $4,436,000 after acquiring an additional 260 shares during the last quarter. Clarity Financial LLC grew its holdings in Coca-Cola by 43.6% during the 3rd quarter. Clarity Financial LLC now owns 5,615 shares of the company’s stock worth $404,000 after acquiring an additional 1,705 shares during the period. Finally, United Advisor Group LLC raised its position in shares of Coca-Cola by 35.8% during the 3rd quarter. United Advisor Group LLC now owns 9,649 shares of the company’s stock valued at $693,000 after acquiring an additional 2,544 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KO. Royal Bank of Canada lifted their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Citigroup boosted their target price on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Bank of America boosted their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

Coca-Cola Stock Down 0.2 %

Shares of KO stock traded down $0.13 during trading on Tuesday, reaching $64.98. The company’s stock had a trading volume of 745,672 shares, compared to its average volume of 13,187,541. The Coca-Cola Company has a one year low of $56.06 and a one year high of $73.53. The business has a fifty day moving average price of $70.18 and a 200-day moving average price of $66.41. The company has a market cap of $279.92 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 3.95 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. Analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.485 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 2.99%. Coca-Cola’s dividend payout ratio is 80.17%.

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lisa Chang sold 40,334 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total value of $2,804,826.36. Following the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at $5,150,619.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 203,748 shares of company stock valued at $14,274,431 in the last 90 days. 0.97% of the stock is currently owned by insiders.

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.