The Coca-Cola Company (NYSE:KO) Stock Holdings Boosted by AdvisorNet Financial Inc

AdvisorNet Financial Inc lifted its position in The Coca-Cola Company (NYSE:KO) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,667 shares of the company’s stock after buying an additional 338 shares during the period. AdvisorNet Financial Inc’s holdings in Coca-Cola were worth $806,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Community Bank & Trust Waco Texas grew its position in shares of Coca-Cola by 0.6% in the 1st quarter. Community Bank & Trust Waco Texas now owns 30,262 shares of the company’s stock valued at $1,851,000 after purchasing an additional 168 shares during the period. Goelzer Investment Management Inc. boosted its position in shares of Coca-Cola by 1.8% during the fourth quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company’s stock worth $571,000 after buying an additional 169 shares during the period. Premier Path Wealth Partners LLC grew its holdings in shares of Coca-Cola by 1.4% during the first quarter. Premier Path Wealth Partners LLC now owns 12,009 shares of the company’s stock worth $729,000 after buying an additional 170 shares in the last quarter. Richardson Financial Services Inc. raised its position in Coca-Cola by 4.8% in the 1st quarter. Richardson Financial Services Inc. now owns 3,697 shares of the company’s stock valued at $226,000 after buying an additional 170 shares during the last quarter. Finally, Texas Yale Capital Corp. lifted its stake in Coca-Cola by 0.4% in the 1st quarter. Texas Yale Capital Corp. now owns 48,614 shares of the company’s stock valued at $2,974,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup increased their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. TD Cowen raised their price objective on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Argus increased their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley increased their price objective 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.20.

Coca-Cola Stock Performance

KO stock traded up $0.16 during mid-day trading on Thursday, hitting $68.74. 6,164,391 shares of the company were exchanged, compared to its average volume of 13,023,679. The business has a 50 day simple moving average of $64.92 and a 200-day simple moving average of $62.26. The stock has a market capitalization of $296.13 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $69.67. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $11.78 billion. During the same period in the prior year, the company posted $0.78 earnings per share. Coca-Cola’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Insider Buying and Selling

In related news, insider Bruno Pietracci sold 38,653 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Bruno Pietracci sold 38,653 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total transaction of $3,981,938.22. Following the completion of the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at $5,074,330.17. The disclosure for this sale can be found here. Insiders have sold 871,162 shares of company stock valued at $571,697,887 over the last 90 days. 0.97% of the stock is owned by corporate insiders.

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.