NCP Inc. Buys 300 Shares of The Coca-Cola Company (NYSE:KO)

NCP Inc. lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 9.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,571 shares of the company’s stock after acquiring an additional 300 shares during the period. NCP Inc.’s holdings in Coca-Cola were worth $257,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KO. Coppell Advisory Solutions Corp. purchased a new position in Coca-Cola in the 1st quarter worth $452,000. Hancock Whitney Corp increased its holdings in shares of Coca-Cola by 14.5% in the first quarter. Hancock Whitney Corp now owns 57,022 shares of the company’s stock worth $3,489,000 after buying an additional 7,226 shares during the period. XML Financial LLC lifted its stake in shares of Coca-Cola by 7.1% in the 1st quarter. XML Financial LLC now owns 25,541 shares of the company’s stock valued at $1,563,000 after acquiring an additional 1,704 shares during the last quarter. Montchanin Asset Management LLC purchased a new stake in Coca-Cola during the 1st quarter valued at about $791,000. Finally, Wahed Invest LLC grew its position in Coca-Cola by 15.3% during the 1st quarter. Wahed Invest LLC now owns 76,734 shares of the company’s stock worth $4,695,000 after acquiring an additional 10,195 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several recent research reports. Morgan Stanley lowered their price objective on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Barclays cut 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, October 25th. Wells Fargo & Company increased their target price on shares of Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Cfra reiterated a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $72.36.

Insider Buying and Selling at Coca-Cola

In other news, CEO James Quincey sold 100,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $64.03, for a total transaction of $6,403,000.00. Following the completion of the transaction, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.3 %

NYSE KO opened at $64.58 on Wednesday. The firm has a market capitalization of $278.20 billion, a PE ratio of 26.69, a P/E/G ratio of 3.91 and a beta of 0.61. The stock’s 50 day moving average is $67.49 and its 200 day moving average is $66.59. The Coca-Cola Company has a twelve month low of $57.47 and a twelve month high of $73.53. 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 announced its earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. Research analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s dividend payout ratio is 80.17%.

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.