AdvisorNet Financial Inc Buys 314 Shares of The Coca-Cola Company (NYSE:KO)

AdvisorNet Financial Inc raised its stake in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 1.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,930 shares of the company’s stock after acquiring an additional 314 shares during the period. AdvisorNet Financial Inc’s holdings in Coca-Cola were worth $1,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KO. Vanguard Group Inc. lifted its stake in shares of Coca-Cola by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 351,220,018 shares of the company’s stock worth $21,775,641,000 after purchasing an additional 8,961,600 shares during the period. BlackRock Inc. lifted its stake in shares of Coca-Cola by 3.7% in the 4th quarter. BlackRock Inc. now owns 279,741,946 shares of the company’s stock worth $16,563,519,000 after purchasing an additional 9,884,447 shares during the period. State Street Corp lifted its stake in shares of Coca-Cola by 0.8% in the 1st quarter. State Street Corp now owns 171,972,013 shares of the company’s stock worth $10,737,003,000 after purchasing an additional 1,374,105 shares during the period. Wellington Management Group LLP lifted its stake in shares of Coca-Cola by 10.7% in the 1st quarter. Wellington Management Group LLP now owns 80,654,038 shares of the company’s stock worth $5,000,550,000 after purchasing an additional 7,800,237 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Coca-Cola by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 51,570,921 shares of the company’s stock worth $3,197,397,000 after purchasing an additional 1,301,902 shares during the period. Institutional investors own 68.93% of the company’s stock.

Coca-Cola Trading Up 0.0 %

Shares of KO opened at $59.54 on Friday. The company has a 50 day simple moving average of $62.81 and a two-hundred day simple moving average of $62.74. The Coca-Cola Company has a 1 year low of $52.28 and a 1 year high of $67.20. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market cap of $257.49 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 3.77 and a beta of 0.54.

Coca-Cola (NYSE:KOGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period last year, the firm posted $0.68 earnings per share. Coca-Cola’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.96%. 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 equities analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Coca-Cola from $76.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research note on Tuesday, July 26th. Credit Suisse Group set a $68.00 target price on shares of Coca-Cola in a research note on Wednesday, July 20th. HSBC raised their target price on shares of Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Finally, JPMorgan Chase & Co. set a $70.00 target price on shares of Coca-Cola in a research note on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.59.

Insider Activity at Coca-Cola

In related news, insider Henrique Braun sold 11,318 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 22,828 shares of the company’s stock, valued at $1,468,981.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Coca-Cola news, insider Henrique Braun sold 11,318 shares of Coca-Cola stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $64.35, for a total transaction of $728,313.30. Following the completion of the transaction, the insider now directly owns 22,828 shares of the company’s stock, valued at $1,468,981.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Quincey sold 32,000 shares of Coca-Cola stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $64.09, for a total transaction of $2,050,880.00. Following the transaction, the chief executive officer now directly owns 351,737 shares of the company’s stock, valued at $22,542,824.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,830 shares of company stock valued at $2,939,961. 0.98% of the stock is owned by corporate insiders.

About Coca-Cola

(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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