AE Wealth Management LLC Buys 94,742 Shares of The Coca-Cola Company (NYSE:KO)

AE Wealth Management LLC boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 18.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,790 shares of the company’s stock after purchasing an additional 94,742 shares during the quarter. AE Wealth Management LLC’s holdings in Coca-Cola were worth $35,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Pacific Wealth Strategies Group Inc. boosted its holdings in Coca-Cola by 12.8% in the first quarter. Pacific Wealth Strategies Group Inc. now owns 15,800 shares of the company’s stock worth $980,000 after acquiring an additional 1,788 shares in the last quarter. Arabesque Asset Management Ltd boosted its holdings in Coca-Cola by 104.1% in the fourth quarter. Arabesque Asset Management Ltd now owns 73,354 shares of the company’s stock worth $4,666,000 after acquiring an additional 37,412 shares in the last quarter. Janney Capital Management LLC boosted its holdings in Coca-Cola by 13.5% in the first quarter. Janney Capital Management LLC now owns 50,687 shares of the company’s stock worth $3,144,000 after acquiring an additional 6,020 shares in the last quarter. Procyon Advisors LLC raised its stake in shares of Coca-Cola by 26.1% in the first 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 last quarter. Finally, National Pension Service raised its stake in shares of Coca-Cola by 2.3% in the fourth 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 last quarter. Institutional investors own 68.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KO. Wedbush raised their price objective on Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Barclays raised their price objective on Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Royal Bank of Canada raised their price objective on Coca-Cola from $69.00 to $70.00 in a research note on Thursday, July 27th. StockNews.com started coverage on Coca-Cola in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. lifted their price target on Coca-Cola from $67.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Coca-Cola Stock Down 0.9 %

Coca-Cola stock opened at $57.94 on Friday. The stock has a market capitalization of $250.55 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55. The Coca-Cola Company has a 12 month low of $54.01 and a 12 month high of $64.99. The business has a 50 day simple moving average of $60.53 and a 200-day simple moving average of $61.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.14 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $12 billion during the quarter, compared to analysts’ expectations of $11.74 billion. Coca-Cola had a return on equity of 43.06% and a net margin of 23.81%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. On average, analysts anticipate that The Coca-Cola Company will post 2.63 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, September 14th. Coca-Cola’s dividend payout ratio is presently 75.72%.

Insider Transactions at Coca-Cola

In other news, SVP Beatriz R. Perez sold 50,000 shares of Coca-Cola stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $62.66, for a total value of $3,133,000.00. Following the sale, the senior vice president now directly owns 143,383 shares of the company’s stock, valued at $8,984,378.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coca-Cola news, SVP Beatriz R. Perez sold 50,000 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 143,383 shares of the company’s stock, valued at $8,984,378.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Monica Howard Douglas sold 21,074 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $60.90, for a total value of $1,283,406.60. Following the transaction, the senior vice president now directly owns 18,360 shares in the company, valued at approximately $1,118,124. The disclosure for this sale can be found here. Insiders have sold 227,364 shares of company stock valued at $14,122,016 over the last ninety days. Insiders own 1.00% of the company’s stock.

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.