The Coca-Cola Company (NYSE:KO) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,872 shares of the company’s stock after buying an additional 1,329 shares during the period. RFG Advisory LLC’s holdings in Coca-Cola were worth $4,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ontario Teachers Pension Plan Board purchased a new stake in shares of Coca-Cola during the third quarter worth approximately $1,255,000. Gallacher Capital Management LLC purchased a new position in Coca-Cola in the third quarter valued at about $228,000. Syntax Advisors LLC lifted its position in shares of Coca-Cola by 4.4% during the 3rd quarter. Syntax Advisors LLC now owns 4,220 shares of the company’s stock valued at $236,000 after acquiring an additional 179 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Coca-Cola by 7.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 106,866 shares of the company’s stock worth $5,982,000 after acquiring an additional 7,003 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in Coca-Cola by 5.2% during the third quarter. Personal CFO Solutions LLC now owns 18,921 shares of the company’s stock worth $1,059,000 after purchasing an additional 934 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KO. Evercore ISI raised their price target on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Barclays boosted their price target on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Finally, Argus increased their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.55.

Coca-Cola Stock Performance

KO stock opened at $62.77 on Friday. The firm has a market cap of $270.41 billion, a P/E ratio of 25.11, a P/E/G ratio of 3.51 and a beta of 0.59. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.36. The stock’s 50 day simple moving average is $62.21 and its 200 day simple moving average is $60.60. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.485 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.09%. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Insider Buying and Selling at Coca-Cola

In other news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the completion of the sale, the executive vice president now owns 167,107 shares in the company, valued at $10,358,962.93. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the sale, the insider now directly owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,665 shares of company stock valued at $13,995,465. 0.97% of the stock is owned by corporate insiders.

Coca-Cola 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.