Cutter & CO Brokerage Inc. Has $548,000 Holdings in The Coca-Cola Company (NYSE:KO)

Cutter & CO Brokerage Inc. increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,610 shares of the company’s stock after acquiring an additional 200 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Coca-Cola were worth $548,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KO. Sage Mountain Advisors LLC lifted its holdings in shares of Coca-Cola by 24.1% in the second quarter. Sage Mountain Advisors LLC now owns 19,674 shares of the company’s stock valued at $1,252,000 after purchasing an additional 3,825 shares in the last quarter. IFG Advisory LLC lifted its stake in Coca-Cola by 23.2% in the 2nd quarter. IFG Advisory LLC now owns 56,607 shares of the company’s stock valued at $3,603,000 after acquiring an additional 10,667 shares in the last quarter. BCGM Wealth Management LLC boosted its position in Coca-Cola by 8.9% during the 2nd quarter. BCGM Wealth Management LLC now owns 4,313 shares of the company’s stock worth $274,000 after acquiring an additional 354 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Coca-Cola by 14.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 155,351 shares of the company’s stock worth $9,888,000 after acquiring an additional 19,550 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its stake in shares of Coca-Cola by 0.5% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 114,076 shares of the company’s stock worth $7,261,000 after acquiring an additional 608 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Coca-Cola news, CEO James Quincey sold 42,397 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $70.02, for a total transaction of $2,968,637.94. Following the completion of the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 19,304 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $14,168,055.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,074,910 shares of company stock worth $585,972,318. Insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of KO stock traded up $0.42 during trading hours on Friday, reaching $72.47. The company’s stock had a trading volume of 18,624,227 shares, compared to its average volume of 13,806,061. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $72.57. The company has a market capitalization of $312.34 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 4.05 and a beta of 0.59. The firm’s 50 day simple moving average is $66.66 and its 200-day simple moving average is $63.13.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Sell-side 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. Stockholders of record on Friday, September 13th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.68%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial increased their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wells Fargo & Company increased their price target on Coca-Cola from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, BNP Paribas initiated coverage on shares of Coca-Cola in a report on Monday, June 24th. They set an “outperform” rating and a $72.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.73.

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.