Lake Street Advisors Group LLC Has $1.50 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Lake Street Advisors Group LLC raised its position in The Coca-Cola Company (NYSE:KO) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,818 shares of the company’s stock after acquiring an additional 411 shares during the period. Lake Street Advisors Group LLC’s holdings in Coca-Cola were worth $1,495,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in shares of Coca-Cola in the 1st quarter valued at $25,000. Freedom Wealth Alliance LLC acquired a new position in Coca-Cola in the fourth quarter valued at about $25,000. Paladin Advisory Group LLC bought a new stake in Coca-Cola during the second quarter worth about $28,000. Fortis Capital Advisors LLC bought a new position in shares of Coca-Cola in the fourth quarter valued at approximately $30,000. Finally, NewSquare Capital LLC boosted its holdings in shares of Coca-Cola by 62.5% in the 1st quarter. NewSquare Capital LLC now owns 507 shares of the company’s stock worth $31,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 68.96% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Beatriz R. Perez sold 20,534 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was 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 owns 143,383 shares of the company’s stock, valued at approximately $8,046,653.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Beatriz R. Perez sold 20,534 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was 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 owns 143,383 shares of the company’s stock, valued at approximately $8,046,653.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James Quincey sold 92,029 shares of the stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold a total of 204,592 shares of company stock valued at $11,455,015 in the last quarter. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KO. Morgan Stanley cut their price target on Coca-Cola from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Wedbush lifted their price target on Coca-Cola from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Barclays cut their price target on Coca-Cola from $70.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. Jefferies Financial Group began coverage on Coca-Cola in a report on Monday, November 13th. They issued a “hold” rating and a $64.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on Coca-Cola from $59.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Four research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.20.

Coca-Cola Stock Up 0.2 %

KO traded up $0.11 during trading on Friday, hitting $57.26. The company had a trading volume of 14,476,629 shares, compared to its average volume of 13,593,826. The firm’s 50-day moving average price is $56.02 and its 200 day moving average price is $59.37. The company has a market capitalization of $247.56 billion, a PE ratio of 23.00, a PEG ratio of 3.46 and a beta of 0.59. 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 Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99.

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

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is currently 73.90%.

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.