Chevy Chase Trust Holdings LLC grew its position in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 0.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,510,442 shares of the company’s stock after buying an additional 20,052 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Coca-Cola were worth $140,636,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in KO. Paragon Wealth Strategies LLC acquired a new stake in shares of Coca-Cola during the third quarter worth $25,000. Horizons Wealth Management acquired a new position in Coca-Cola in the second quarter valued at approximately $34,000. LFA Lugano Financial Advisors SA bought a new position in shares of Coca-Cola during the second quarter valued at approximately $34,000. MBM Wealth Consultants LLC raised its position in shares of Coca-Cola by 298.9% during the 3rd quarter. MBM Wealth Consultants LLC now owns 730 shares of the company’s stock worth $41,000 after purchasing an additional 547 shares during the period. Finally, Corbenic Partners LLC lifted its holdings in shares of Coca-Cola by 626.2% in the 2nd quarter. Corbenic Partners LLC now owns 915 shares of the company’s stock worth $58,000 after purchasing an additional 789 shares during the last quarter. 68.74% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, insider Brian John Smith sold 94,200 shares of Coca-Cola stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $63.02, for a total value of $5,936,484.00. Following the transaction, the insider now owns 116,168 shares of the company’s stock, valued at approximately $7,320,907.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Nancy Quan sold 13,746 shares of Coca-Cola stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $61.12, for a total value of $840,155.52. Following the transaction, the senior vice president now owns 184,710 shares of the company’s stock, valued at approximately $11,289,475.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian John Smith sold 94,200 shares of Coca-Cola stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $63.02, for a total value of $5,936,484.00. Following the completion of the transaction, the insider now directly owns 116,168 shares in the company, valued at approximately $7,320,907.36. The disclosure for this sale can be found here. Insiders have sold a total of 276,986 shares of company stock valued at $17,218,050 over the last three months. Company insiders own 0.98% of the company’s stock.
Wall Street Analysts Forecast Growth
Coca-Cola Price Performance
NYSE:KO opened at $60.55 on Wednesday. The business’s 50-day moving average price is $62.61 and its 200 day moving average price is $61.26. The firm has a market cap of $261.85 billion, a P/E ratio of 26.44, a PEG ratio of 3.80 and a beta of 0.57. The Coca-Cola Company has a 52-week low of $54.01 and a 52-week high of $67.20. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.45.
Coca-Cola (NYSE:KO – Get Rating) last released its earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.60 billion. Coca-Cola had a return on equity of 42.75% and a net margin of 23.44%. As a group, sell-side analysts predict that The Coca-Cola Company will post 2.48 earnings per share for the current fiscal year.
The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.
- Get a free copy of the StockNews.com research report on Coca-Cola (KO)
- Pliant Therapeutics Gaps 34% Higher: More Upside To Come?
- How Will Early 2023 Layoffs Affect These 5 Biotech Stocks?
- Is the Pain Over for Baudax Bio Investors after a 70% Spike?
- Will Rocket Lab’s First U.S. Launch Send Stock Into Stratosphere?
- 3 Retail Stocks Ringing the Register in 2023
Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.