The Coca-Cola Company (NYSE:KO) Shares Bought by First Affirmative Financial Network

First Affirmative Financial Network raised its holdings in The Coca-Cola Company (NYSE:KO) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,801 shares of the company’s stock after buying an additional 275 shares during the period. First Affirmative Financial Network’s holdings in Coca-Cola were worth $294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tidemark LLC acquired a new stake in Coca-Cola in the fourth quarter valued at $26,000. Private Wealth Management Group LLC purchased a new position in shares of Coca-Cola during the fourth quarter worth about $27,000. ZRC Wealth Management LLC grew its holdings in shares of Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Criterion Capital Advisors LLC purchased a new position in shares of Coca-Cola during the fourth quarter worth about $30,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Coca-Cola during the fourth quarter worth about $31,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola 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 completion of the sale, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,665 shares of company stock valued at $13,995,465. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Stock Performance

NYSE KO opened at $62.77 on Friday. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The business’s 50-day moving average price is $62.21 and its 200 day moving average price is $60.60. 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 company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating 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 company had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays raised their price objective on Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Morgan Stanley raised their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. JPMorgan Chase & Co. raised their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. UBS Group raised their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Argus raised their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.55.

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.