13,044 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Golden State Equity Partners

Golden State Equity Partners acquired a new stake in shares of The Coca-Cola Company (NYSE:KO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,044 shares of the company’s stock, valued at approximately $809,000.

Other large investors have also bought and sold shares of the company. Freedom Wealth Alliance LLC purchased a new position in Coca-Cola in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC bought a new position in shares of Coca-Cola in the first quarter worth $25,000. Fortis Capital Advisors LLC purchased a new position in shares of Coca-Cola in the fourth quarter valued at $30,000. KB Financial Partners LLC purchased a new position in shares of Coca-Cola in the first quarter valued at $31,000. Finally, NewSquare Capital LLC raised its stake in shares of Coca-Cola by 62.5% during the 1st quarter. NewSquare Capital LLC now owns 507 shares of the company’s stock valued at $31,000 after purchasing an additional 195 shares during the period. 68.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola

In related news, SVP Beatriz R. Perez sold 50,000 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $62.66, for a total transaction of $3,133,000.00. Following the completion of the sale, the senior vice president now directly owns 143,383 shares in the company, valued at approximately $8,984,378.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Beatriz R. Perez sold 50,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $62.66, for a total transaction of $3,133,000.00. Following the completion of the sale, the senior vice president now directly owns 143,383 shares in the company, valued at approximately $8,984,378.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Murphy sold 156,290 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $62.10, for a total transaction of $9,705,609.00. Following the completion of the sale, the chief financial officer now directly owns 228,830 shares in the company, valued at approximately $14,210,343. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,364 shares of company stock worth $14,122,016. Company insiders own 1.00% of the company’s stock.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $58.44 on Thursday. The stock’s 50-day moving average is $60.62 and its 200 day moving average is $61.28. The stock has a market cap of $252.71 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 3.42 and a beta of 0.55. The Coca-Cola Company has a 1-year low of $54.01 and a 1-year high of $64.99. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29.

Coca-Cola (NYSE:KO) last posted 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 the consensus estimate of $11.74 billion. During the same period last year, the firm posted $0.70 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.63 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.15%. Coca-Cola’s dividend payout ratio (DPR) is currently 75.72%.

Analyst Upgrades and Downgrades

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

Coca-Cola 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.