EP Wealth Advisors LLC Has $3.34 Million Position in The Coca-Cola Company (NYSE:KO)

EP Wealth Advisors LLC lessened its stake in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 2.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,842 shares of the company’s stock after selling 1,377 shares during the period. EP Wealth Advisors LLC’s holdings in Coca-Cola were worth $3,338,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Berkshire Bank grew its stake in shares of Coca-Cola by 2.2% during the 1st quarter. Berkshire Bank now owns 7,067 shares of the company’s stock valued at $438,000 after purchasing an additional 155 shares during the period. Fiducient Advisors LLC lifted its position in shares of Coca-Cola by 2.8% during the 1st quarter. Fiducient Advisors LLC now owns 5,843 shares of the company’s stock valued at $365,000 after buying an additional 159 shares in the last quarter. Security Financial Services INC. lifted its position in shares of Coca-Cola by 3.5% during the 1st quarter. Security Financial Services INC. now owns 4,710 shares of the company’s stock valued at $292,000 after buying an additional 160 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of Coca-Cola by 2.4% during the 1st quarter. CWA Asset Management Group LLC now owns 6,841 shares of the company’s stock valued at $424,000 after buying an additional 160 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its position in shares of Coca-Cola by 1.5% during the 1st quarter. Clear Creek Financial Management LLC now owns 11,012 shares of the company’s stock valued at $683,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 68.93% of the company’s stock.

Analyst Ratings Changes

KO has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on Coca-Cola from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. JPMorgan Chase & Co. set a $70.00 price objective on Coca-Cola in a research report on Tuesday, July 26th. StockNews.com raised Coca-Cola from a “hold” rating to a “buy” rating in a research report on Saturday, August 6th. HSBC lifted their price objective on Coca-Cola from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. Finally, Royal Bank of Canada set a $69.00 price target on Coca-Cola in a report on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average target price of $69.59.

Coca-Cola Stock Up 0.5 %

Shares of KO opened at $60.79 on Thursday. The stock has a market capitalization of $262.89 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 3.82 and a beta of 0.54. The Coca-Cola Company has a 1 year low of $52.28 and a 1 year high of $67.20. The business’s 50 day simple moving average is $63.01 and its 200-day simple moving average is $62.79. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95.

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

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 16th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.90%. Coca-Cola’s dividend payout ratio (DPR) is 79.64%.

Insider Activity

In other news, insider Henrique Braun sold 11,318 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $64.35, for a total transaction of $728,313.30. Following the transaction, the insider now owns 22,828 shares of the company’s stock, valued at approximately $1,468,981.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Carolyn Everson bought 983 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were purchased at an average price of $62.29 per share, with a total value of $61,231.07. Following the transaction, the director now owns 1,500 shares in the company, valued at approximately $93,435. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Henrique Braun sold 11,318 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $64.35, for a total value of $728,313.30. Following the transaction, the insider now directly owns 22,828 shares in the company, valued at approximately $1,468,981.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,830 shares of company stock valued at $2,939,961. 0.98% of the stock is currently owned by insiders.

Coca-Cola Company Profile

(Get Rating)

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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