3,706 Shares in The Coca-Cola Company (NYSE:KO) Purchased by LifePro Asset Management

LifePro Asset Management acquired a new position in shares of The Coca-Cola Company (NYSE:KO) during the second quarter, HoldingsChannel reports. The fund acquired 3,706 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Freedom Wealth Alliance LLC purchased a new stake in Coca-Cola during the fourth quarter worth about $25,000. Venturi Wealth Management LLC purchased a new stake in Coca-Cola during the first quarter worth about $25,000. Fortis Capital Advisors LLC purchased a new stake in Coca-Cola during the fourth quarter worth about $30,000. KB Financial Partners LLC purchased a new stake in shares of Coca-Cola in the first quarter valued at about $31,000. Finally, NewSquare Capital LLC lifted its holdings in shares of Coca-Cola by 62.5% in the first quarter. NewSquare Capital LLC now owns 507 shares of the company’s stock valued at $31,000 after purchasing an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 68.96% of the company’s stock.

Insider Activity

In other news, SVP Monica Howard Douglas sold 21,074 shares of Coca-Cola stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 18,360 shares of the company’s stock, valued at approximately $1,118,124. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Monica Howard Douglas sold 21,074 shares of Coca-Cola stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 50,000 shares of Coca-Cola stock in a transaction dated 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 owns 143,383 shares in the company, valued at $8,984,378.78. The disclosure for this sale can be found here. In the last three months, insiders sold 227,364 shares of company stock valued at $14,122,016. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Coca-Cola Stock Down 0.3 %

KO stock traded down $0.18 during mid-day trading on Monday, hitting $57.76. 3,030,392 shares of the company were exchanged, compared to its average volume of 13,098,144. The company has a market capitalization of $249.77 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a twelve month low of $54.01 and a twelve month high of $64.99. The firm has a fifty day simple moving average of $60.49 and a 200 day simple moving average of $61.25.

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

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, September 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 75.72%.

About Coca-Cola

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.