The Coca-Cola Company (NYSE:KO) Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lifted its position in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 57,505 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Coca-Cola were worth $3,618,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mystic Asset Management Inc. bought a new position in shares of Coca-Cola in the 4th quarter valued at approximately $444,000. TRH Financial LLC grew its stake in Coca-Cola by 11.7% in the first quarter. TRH Financial LLC now owns 143,657 shares of the company’s stock valued at $8,907,000 after acquiring an additional 15,091 shares during the period. Annex Advisory Services LLC boosted its position in shares of Coca-Cola by 3.8% during the first quarter. Annex Advisory Services LLC now owns 7,448 shares of the company’s stock worth $462,000 after buying an additional 273 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Coca-Cola by 0.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 108,024 shares of the company’s stock valued at $6,697,000 after buying an additional 671 shares during the period. Finally, Cornerstone Advisory LLC increased its stake in shares of Coca-Cola by 51.3% during the fourth quarter. Cornerstone Advisory LLC now owns 7,759 shares of the company’s stock worth $460,000 after purchasing an additional 2,630 shares during the period. Hedge funds and other institutional investors own 68.93% of the company’s stock.

Coca-Cola Price Performance

NYSE:KO opened at $59.26 on Friday. The Coca-Cola Company has a 12 month low of $52.28 and a 12 month high of $67.20. The company’s 50-day moving average price is $62.58 and its two-hundred day moving average price is $62.67. The firm has a market cap of $256.28 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.48.

Coca-Cola (NYSE:KOGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the business earned $0.68 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that The Coca-Cola Company will post 2.46 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, September 15th. Coca-Cola’s dividend payout ratio (DPR) is presently 79.64%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Coca-Cola from $76.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a research note on Saturday, August 6th. UBS Group increased their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. set a $70.00 price target on shares of Coca-Cola in a research report on Tuesday, July 26th. Finally, Royal Bank of Canada set a $69.00 price objective on shares of Coca-Cola in a research note on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $69.59.

Insider Buying and Selling

In other Coca-Cola news, Director Carolyn Everson acquired 983 shares of Coca-Cola stock in a transaction that occurred on Wednesday, July 27th. The stock was acquired at an average cost of $62.29 per share, for a total transaction of $61,231.07. Following the purchase, the director now owns 1,500 shares of the company’s stock, valued at $93,435. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coca-Cola news, VP Kathy Loveless sold 2,512 shares of Coca-Cola stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,768.00. Following the completion of the sale, the vice president now owns 1,370 shares of the company’s stock, valued at approximately $87,680. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Carolyn Everson acquired 983 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were bought at an average cost of $62.29 per share, with a total value of $61,231.07. Following the completion of the acquisition, the director now owns 1,500 shares in the company, valued at $93,435. The disclosure for this purchase can be found here. Insiders have sold a total of 45,830 shares of company stock worth $2,939,961 in the last ninety days. Corporate insiders own 0.98% of the company’s stock.

About Coca-Cola

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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