The Coca-Cola Co (KO) Shares Sold by Wealthsource Partners LLC

Wealthsource Partners LLC cut its holdings in The Coca-Cola Co (NYSE:KO) by 17.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,552 shares of the company’s stock after selling 1,994 shares during the quarter. Wealthsource Partners LLC’s holdings in The Coca-Cola were worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KO. Westbourne Investment Advisors Inc. acquired a new position in The Coca-Cola during the 3rd quarter worth approximately $117,000. Fort L.P. acquired a new position in The Coca-Cola during the 2nd quarter worth approximately $122,000. Sageworth Trust Co boosted its position in The Coca-Cola by 69.5% during the 3rd quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after acquiring an additional 1,200 shares during the last quarter. BDO Wealth Advisors LLC boosted its position in The Coca-Cola by 104.9% during the 2nd quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock worth $139,000 after acquiring an additional 1,619 shares during the last quarter. Finally, O Brien Wealth Partners LLC boosted its position in The Coca-Cola by 2,173.3% during the 3rd quarter. O Brien Wealth Partners LLC now owns 3,410 shares of the company’s stock worth $158,000 after acquiring an additional 3,260 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company’s stock.

KO opened at $49.09 on Friday. The Coca-Cola Co has a 1-year low of $41.45 and a 1-year high of $50.84. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $210.65 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 3.23 and a beta of 0.61.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The business had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same quarter in the prior year, the business earned $0.50 EPS. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. As a group, equities analysts expect that The Coca-Cola Co will post 2.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.

A number of equities analysts have weighed in on KO shares. Guggenheim started coverage on The Coca-Cola in a research report on Thursday, September 13th. They set a “buy” rating and a $51.00 price target for the company. Wells Fargo & Co reaffirmed a “buy” rating and set a $52.00 price target on shares of The Coca-Cola in a research report on Wednesday, September 5th. HSBC reaffirmed a “buy” rating and set a $61.00 price target on shares of The Coca-Cola in a research report on Monday, August 20th. Morningstar set a $49.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Finally, Barclays reiterated a “buy” rating and set a $50.00 price objective on shares of The Coca-Cola in a research note on Friday, October 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. The Coca-Cola currently has a consensus rating of “Hold” and an average price target of $51.43.

In related news, insider Robert Edward Long sold 15,000 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $48.65, for a total value of $729,750.00. Following the sale, the insider now owns 68,029 shares in the company, valued at approximately $3,309,610.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Larry M. Mark sold 75,538 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $49.51, for a total value of $3,739,886.38. Following the completion of the sale, the vice president now owns 85,755 shares in the company, valued at approximately $4,245,730.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 374,542 shares of company stock worth $18,436,957. 1.48% of the stock is owned by company insiders.

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About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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