Coppell Advisory Solutions Corp. Invests $452,000 in The Coca-Cola Company (NYSE:KO)

Coppell Advisory Solutions Corp. acquired a new position in shares of The Coca-Cola Company (NYSE:KO) during the first quarter, HoldingsChannel.com reports. The firm acquired 7,393 shares of the company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tidemark LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth about $26,000. Private Wealth Management Group LLC purchased a new stake in Coca-Cola in the fourth quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new position in Coca-Cola during the first quarter worth $28,000. ESL Trust Services LLC purchased a new position in shares of Coca-Cola during the first quarter worth $28,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In other news, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the sale, the executive vice president now owns 167,107 shares in the company, valued at $10,358,962.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The disclosure for this sale can be found here. Insiders sold a total of 879,375 shares of company stock valued at $571,502,245 in the last three months. 0.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KO has been the subject of a number of research analyst reports. TD Cowen raised their target price on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, July 25th. UBS Group upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Barclays raised their price target on shares of Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Citigroup upped their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley lifted their target price on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $70.20.

Coca-Cola Stock Up 1.1 %

KO stock traded up $0.72 during trading on Thursday, hitting $67.46. 4,735,753 shares of the company’s stock were exchanged, compared to its average volume of 12,856,604. The stock has a market capitalization of $290.74 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.79 and a beta of 0.59. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $67.83. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $63.73 and a two-hundred day moving average price of $61.65.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, September 13th. Coca-Cola’s payout ratio is currently 77.60%.

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.