Parcion Private Wealth LLC Purchases 8,591 Shares of The Coca-Cola Company (NYSE:KO)

Parcion Private Wealth LLC increased its holdings in The Coca-Cola Company (NYSE:KO) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,903 shares of the company’s stock after purchasing an additional 8,591 shares during the quarter. Coca-Cola accounts for 0.7% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 29th biggest position. Parcion Private Wealth LLC’s holdings in Coca-Cola were worth $7,970,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KO. Kathmere Capital Management LLC raised its holdings in Coca-Cola by 15.2% in the 1st quarter. Kathmere Capital Management LLC now owns 4,922 shares of the company’s stock worth $301,000 after purchasing an additional 648 shares in the last quarter. Occidental Asset Management LLC grew its stake in shares of Coca-Cola by 6.0% in the first quarter. Occidental Asset Management LLC now owns 8,418 shares of the company’s stock worth $515,000 after acquiring an additional 477 shares during the period. First Bank & Trust raised its stake in Coca-Cola by 19.8% during the 1st quarter. First Bank & Trust now owns 27,984 shares of the company’s stock valued at $1,712,000 after buying an additional 4,631 shares during the last quarter. Vicus Capital grew its stake in shares of Coca-Cola by 66.2% during the 1st quarter. Vicus Capital now owns 8,979 shares of the company’s stock valued at $549,000 after purchasing an additional 3,576 shares during the period. Finally, Coston McIsaac & Partners increased its stake in shares of Coca-Cola by 1.1% in the 1st quarter. Coston McIsaac & Partners now owns 98,562 shares of the company’s stock worth $6,029,000 after purchasing an additional 1,040 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KO shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Morgan Stanley reduced their price objective on shares of Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday. Bank of America upped their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Barclays reduced their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.80.

Insider Buying and Selling

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO James Quincey sold 42,397 shares of Coca-Cola stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $70.02, for a total value of $2,968,637.94. Following the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $30,987,070.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 319,005 shares of company stock valued at $22,198,147. Company insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.6 %

Shares of NYSE KO opened at $66.92 on Friday. The stock has a market capitalization of $288.42 billion, a P/E ratio of 27.09, a PEG ratio of 3.91 and a beta of 0.60. The Coca-Cola Company has a 1-year low of $55.10 and a 1-year high of $73.53. The business’s 50 day moving average is $70.66 and its two-hundred day moving average is $66.02. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.90%. Coca-Cola’s dividend payout ratio is presently 78.54%.

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.