Souders Financial Advisors Has $857,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Souders Financial Advisors boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 152.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,233 shares of the company’s stock after buying an additional 8,603 shares during the period. Souders Financial Advisors’ holdings in Coca-Cola were worth $857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Pacific Wealth Strategies Group Inc. grew its stake 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 valued at $980,000 after purchasing an additional 1,788 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in Coca-Cola in the second quarter valued at about $1,116,000. KMG Fiduciary Partners LLC grew its stake in Coca-Cola by 10.6% in the second quarter. KMG Fiduciary Partners LLC now owns 160,172 shares of the company’s stock valued at $9,646,000 after purchasing an additional 15,389 shares in the last quarter. Avion Wealth grew its stake in Coca-Cola by 73.9% in the second quarter. Avion Wealth now owns 781 shares of the company’s stock valued at $46,000 after purchasing an additional 332 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Coca-Cola by 13.2% in the second quarter. Quantinno Capital Management LP now owns 84,095 shares of the company’s stock valued at $5,064,000 after purchasing an additional 9,800 shares in the last quarter. 68.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on KO shares. Bank of America lowered their target price on Coca-Cola from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Jefferies Financial Group started coverage on Coca-Cola in a research note on Monday. They set a “hold” rating and a $64.00 price target for the company. Citigroup decreased their price target on Coca-Cola from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, October 11th. Royal Bank of Canada upped their price target on Coca-Cola from $69.00 to $70.00 in a research note on Thursday, July 27th. Finally, StockNews.com downgraded Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 92,029 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $53.86, for a total transaction of $4,956,681.94. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $23,835,527.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James Quincey sold 92,029 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $53.86, for a total transaction of $4,956,681.94. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at approximately $23,835,527.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 20,534 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $56.12, for a total value of $1,152,368.08. Following the sale, the senior vice president now directly owns 143,383 shares of the company’s stock, valued at $8,046,653.96. The disclosure for this sale can be found here. Insiders sold 204,592 shares of company stock valued at $11,455,015 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Coca-Cola Trading Up 0.4 %

Coca-Cola stock opened at $56.93 on Tuesday. The business has a 50 day moving average price of $56.13 and a two-hundred day moving average price of $59.50. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.23. The stock has a market cap of $246.13 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.99.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.84 dividend on an annualized basis and a yield of 3.23%. Coca-Cola’s dividend payout ratio is 73.90%.

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.