8,784 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Apella Capital LLC

Apella Capital LLC bought a new position in shares of The Coca-Cola Company (NYSE:KO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,784 shares of the company’s stock, valued at approximately $529,000.

Other large investors have also recently added to or reduced their stakes in the company. Pacific Wealth Strategies Group Inc. boosted its stake in Coca-Cola by 12.8% in the 1st quarter. Pacific Wealth Strategies Group Inc. now owns 15,800 shares of the company’s stock worth $980,000 after purchasing an additional 1,788 shares during the period. Arabesque Asset Management Ltd boosted its stake in Coca-Cola by 104.1% in the 4th quarter. Arabesque Asset Management Ltd now owns 73,354 shares of the company’s stock worth $4,666,000 after purchasing an additional 37,412 shares during the period. Janney Capital Management LLC boosted its stake in Coca-Cola by 13.5% in the 1st quarter. Janney Capital Management LLC now owns 50,687 shares of the company’s stock worth $3,144,000 after purchasing an additional 6,020 shares during the period. Procyon Advisors LLC boosted its stake in Coca-Cola by 26.1% in the 1st quarter. Procyon Advisors LLC now owns 13,313 shares of the company’s stock worth $826,000 after purchasing an additional 2,758 shares during the period. Finally, National Pension Service boosted its stake in Coca-Cola by 2.3% in the 4th quarter. National Pension Service now owns 5,950,675 shares of the company’s stock worth $378,522,000 after purchasing an additional 134,244 shares during the period. 68.96% of the stock is currently owned by institutional investors.

Coca-Cola Stock Performance

Shares of KO opened at $58.46 on Friday. The company has a market capitalization of $252.78 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55. The Coca-Cola Company has a one year low of $54.01 and a one year high of $64.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.14 and a quick ratio of 0.95. The company’s fifty day moving average price is $60.57 and its 200 day moving average price is $61.26.

Coca-Cola (NYSE:KO) last announced its 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. The firm had revenue of $12 billion for the quarter, compared to the consensus estimate of $11.74 billion. Coca-Cola had a net margin of 23.81% and a return on equity of 43.06%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. As a group, analysts expect that The Coca-Cola Company will post 2.63 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 3.15%. Coca-Cola’s dividend payout ratio (DPR) is presently 75.72%.

Insider Buying and Selling

In other Coca-Cola news, SVP Monica Howard Douglas sold 21,074 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $60.90, for a total value of $1,283,406.60. Following the sale, the senior vice president now directly owns 18,360 shares in the company, valued at approximately $1,118,124. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coca-Cola news, SVP Monica Howard Douglas sold 21,074 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $60.90, for a total value of $1,283,406.60. Following the sale, the senior vice president now directly owns 18,360 shares in the company, valued at approximately $1,118,124. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 owns 228,830 shares in the company, valued at $14,210,343. The disclosure for this sale can be found here. Insiders have sold 227,364 shares of company stock worth $14,122,016 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KO. HSBC cut their target price on shares of Coca-Cola from $77.00 to $74.00 in a research report on Wednesday, June 7th. Wedbush increased their target price on shares of Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. StockNews.com began coverage on shares of Coca-Cola in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Barclays increased their target price on shares of Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $68.33.

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.