Advisory Alpha LLC Acquires 804 Shares of The Coca-Cola Company (NYSE:KO)

Advisory Alpha LLC raised its holdings in shares of The Coca-Cola Company (NYSE:KO) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,101 shares of the company’s stock after purchasing an additional 804 shares during the quarter. Advisory Alpha LLC’s holdings in Coca-Cola were worth $898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Truist Financial Corp lifted its position in Coca-Cola by 1.1% during the second quarter. Truist Financial Corp now owns 16,362,598 shares of the company’s stock valued at $1,041,479,000 after purchasing an additional 177,241 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in Coca-Cola by 1.2% during the second quarter. Pathway Financial Advisers LLC now owns 34,875 shares of the company’s stock valued at $2,216,000 after purchasing an additional 416 shares during the last quarter. Old North State Trust LLC lifted its holdings in shares of Coca-Cola by 2.1% in the 2nd quarter. Old North State Trust LLC now owns 19,224 shares of the company’s stock worth $1,224,000 after acquiring an additional 396 shares during the last quarter. HWG Holdings LP bought a new stake in shares of Coca-Cola in the 2nd quarter worth about $151,000. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Coca-Cola by 2.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 98,187 shares of the company’s stock worth $6,250,000 after acquiring an additional 2,032 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.2 %

NYSE KO opened at $71.73 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market capitalization of $309.01 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.97 and a beta of 0.60. The company’s 50-day simple moving average is $70.10 and its two-hundred day simple moving average is $64.94. The Coca-Cola Company has a one year low of $51.55 and a one year high of $73.53.

Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same quarter last year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, September 13th. Coca-Cola’s payout ratio is currently 77.60%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KO. Morgan Stanley raised their target price on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, August 27th. BNP Paribas began coverage on shares of Coca-Cola in a report on Monday, June 24th. They issued an “outperform” rating and a $72.00 target price for the company. Royal Bank of Canada raised their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Truist Financial raised their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Bank of America lifted their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.07.

Insider Transactions at Coca-Cola

In other news, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total value of $7,179,360.66. Following the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $14,507,516.80. The disclosure for this sale can be found here. Insiders have sold a total of 974,715 shares of company stock valued at $579,704,927 in the last 90 days. Insiders own 0.97% of the company’s stock.

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.