Catalytic Wealth RIA LLC Has $811,000 Position in The Coca-Cola Company (NYSE:KO)

by · The Cerbat Gem

Catalytic Wealth RIA LLC lowered its holdings in shares of The Coca-Cola Company (NYSE:KO – Free Report) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,282 shares of the company’s stock after selling 187 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Coca-Cola were worth $811,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Beam Wealth Advisors Inc. raised its position in Coca-Cola by 19.9% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 16,169 shares of the company’s stock valued at $1,162,000 after buying an additional 2,678 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Coca-Cola in the 3rd quarter valued at approximately $100,000. New Jersey Better Educational Savings Trust acquired a new stake in Coca-Cola in the 3rd quarter valued at approximately $218,000. Ashton Thomas Securities LLC raised its position in Coca-Cola by 21.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 13,133 shares of the company’s stock valued at $944,000 after buying an additional 2,298 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Coca-Cola by 24.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,031,148 shares of the company’s stock valued at $74,098,000 after buying an additional 200,512 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 equities research analysts recently issued reports on the company. Barclays dropped their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Hsbc Global Res upgraded Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Royal Bank of Canada raised their price target on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Truist Financial raised their price target on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Five investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.80.

Read Our Latest Stock Report on Coca-Cola

Insider Buying and Selling

In related news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 223,330 shares in the company, valued at $15,968,095. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lisa Chang sold 40,334 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $69.54, for a total value of $2,804,826.36. Following the sale, the executive vice president now owns 74,067 shares in the company, valued at approximately $5,150,619.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 203,748 shares of company stock worth $14,274,431 in the last 90 days. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

KO opened at $63.92 on Monday. The business has a fifty day simple moving average of $69.56 and a 200 day simple moving average of $66.51. The company has a market capitalization of $275.35 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 3.88 and a beta of 0.61. The Coca-Cola Company has a 1 year low of $56.06 and a 1 year high of $73.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90.

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

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 3.04%. Coca-Cola’s dividend payout ratio is currently 80.17%.

About Coca-Cola

(Free Report)

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.

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