The Coca-Cola Company (NYSE:KO) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 0.1% in the second quarter, Holdings Channel reports. The institutional investor owned 433,773 shares of the company’s stock after buying an additional 329 shares during the quarter. Capital Investment Advisors LLC’s holdings in Coca-Cola were worth $26,122,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley boosted its holdings in Coca-Cola by 15.7% in the fourth quarter. Morgan Stanley now owns 79,101,856 shares of the company’s stock worth $5,031,669,000 after purchasing an additional 10,722,435 shares during the period. Geode Capital Management LLC boosted its holdings in Coca-Cola by 1.4% in the first quarter. Geode Capital Management LLC now owns 76,982,020 shares of the company’s stock worth $4,764,721,000 after purchasing an additional 1,087,974 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Coca-Cola by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,636,577 shares of the company’s stock worth $3,728,653,000 after purchasing an additional 2,546,489 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Coca-Cola by 103,297.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 57,734,303 shares of the company’s stock worth $3,672,479,000 after purchasing an additional 57,678,466 shares during the period. Finally, Norges Bank bought a new stake in Coca-Cola in the fourth quarter valued at $2,937,315,000. Institutional investors and hedge funds own 68.96% of the company’s stock.

Coca-Cola Price Performance

Coca-Cola stock traded down $0.52 during midday trading on Friday, hitting $57.94. The company’s stock had a trading volume of 55,727,509 shares, compared to its average volume of 13,157,437. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average price is $60.49 and its 200-day moving average price is $61.24. The Coca-Cola Company has a 12 month low of $54.01 and a 12 month high of $64.99. The company has a market capitalization of $250.55 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. Coca-Cola had a net margin of 23.81% and a return on equity of 43.06%. The firm had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.74 billion. During the same period in the previous year, the business earned $0.70 earnings per share. Coca-Cola’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that The Coca-Cola Company will post 2.63 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 75.72%.

Insiders Place Their Bets

In related news, SVP Beatriz R. Perez sold 50,000 shares of Coca-Cola stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $62.66, for a total value of $3,133,000.00. Following the transaction, the senior vice president now owns 143,383 shares of the company’s stock, valued at approximately $8,984,378.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Monica Howard Douglas sold 21,074 shares of Coca-Cola stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $60.90, for a total value of $1,283,406.60. Following the transaction, the senior vice president now owns 18,360 shares of the company’s stock, valued at approximately $1,118,124. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 50,000 shares of Coca-Cola stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $62.66, for a total value of $3,133,000.00. Following the completion of the transaction, the senior vice president now directly owns 143,383 shares in the company, valued at approximately $8,984,378.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 227,364 shares of company stock worth $14,122,016. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on KO. HSBC cut their target price on Coca-Cola from $77.00 to $74.00 in a research note on Wednesday, June 7th. Wedbush raised their target price on Coca-Cola from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. StockNews.com began coverage on Coca-Cola in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Royal Bank of Canada raised their target price on Coca-Cola from $69.00 to $70.00 in a research note on Thursday, July 27th. Finally, Barclays raised their target price on Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

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.