The Coca-Cola Company (NYSE:KO) Stake Increased by Kelleher Financial Advisors

Kelleher Financial Advisors grew its holdings in The Coca-Cola Company (NYSE:KO) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,237 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Coca-Cola makes up 1.2% of Kelleher Financial Advisors’ portfolio, making the stock its 14th biggest position. Kelleher Financial Advisors’ holdings in Coca-Cola were worth $1,219,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Summitry LLC grew its holdings in Coca-Cola by 1.7% in the first quarter. Summitry LLC now owns 9,668 shares of the company’s stock worth $600,000 after purchasing an additional 159 shares during the period. Ten Capital Wealth Advisors LLC increased its position in shares of Coca-Cola by 4.7% during the first quarter. Ten Capital Wealth Advisors LLC now owns 3,584 shares of the company’s stock worth $222,000 after acquiring an additional 162 shares in the last quarter. Johnson Midwest Financial LLC increased its position in shares of Coca-Cola by 7.5% during the second quarter. Johnson Midwest Financial LLC now owns 2,321 shares of the company’s stock worth $140,000 after acquiring an additional 162 shares in the last quarter. Alpha Financial Partners LLC increased its position in shares of Coca-Cola by 3.4% during the second quarter. Alpha Financial Partners LLC now owns 4,913 shares of the company’s stock worth $296,000 after acquiring an additional 162 shares in the last quarter. Finally, Traynor Capital Management Inc. increased its position in shares of Coca-Cola by 4.4% during the second quarter. Traynor Capital Management Inc. now owns 3,831 shares of the company’s stock worth $231,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 68.96% of the company’s stock.

Coca-Cola Trading Down 0.4 %

Shares of NYSE KO opened at $56.92 on Friday. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.99. The stock has a market cap of $246.09 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The firm has a 50-day moving average of $56.04 and a 200 day moving average of $59.41. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.14 and a quick ratio of 0.97.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.45 billion. Coca-Cola had a net margin of 23.92% and a return on equity of 42.44%. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.68 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

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

Insider Transactions at Coca-Cola

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Coca-Cola in a research report on Monday. They issued a “hold” rating and a $64.00 price objective for the company. Barclays dropped their target price on shares of Coca-Cola from $70.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, October 12th. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Citigroup dropped their target price on shares of Coca-Cola from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th. Finally, Wedbush boosted their target price on shares of Coca-Cola from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

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.