Coppell Advisory Solutions Corp. acquired a new position in shares of The Coca-Cola Company (NYSE:KO – Free Report) 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
View Our Latest Stock Report on Coca-Cola
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 – Get Free Report) 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.
Featured Stories
- Five stocks we like better than Coca-Cola
- What is the Australian Securities Exchange (ASX)
- First Solar Stock: The Dawn of a New Rally in Share Prices
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KO – Free Report).
Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.