Oxbow Advisors LLC Grows Stake in The Coca-Cola Company (NYSE:KO)

Oxbow Advisors LLC increased its holdings in The Coca-Cola Company (NYSE:KO) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,022 shares of the company’s stock after buying an additional 1,164 shares during the period. Oxbow Advisors LLC’s holdings in Coca-Cola were worth $5,030,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. New Millennium Group LLC purchased a new stake in shares of Coca-Cola in the 2nd quarter valued at about $26,000. Tidemark LLC purchased a new stake in Coca-Cola in the fourth quarter valued at approximately $26,000. ESL Trust Services LLC bought a new stake in Coca-Cola during the first quarter valued at approximately $28,000. Redmont Wealth Advisors LLC purchased a new position in Coca-Cola in the 1st quarter worth approximately $28,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Coca-Cola during the 4th quarter valued at $27,000. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, EVP Nancy Quan sold 19,304 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,074,910 shares of company stock valued at $585,972,318. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.0 %

Coca-Cola stock traded down $0.03 during trading hours on Friday, reaching $71.14. The stock had a trading volume of 17,485,707 shares, compared to its average volume of 13,186,163. The stock has a market cap of $306.47 billion, a PE ratio of 28.46, a PEG ratio of 4.05 and a beta of 0.60. The company has a fifty day simple moving average of $67.48 and a 200-day simple moving average of $63.54. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $73.53.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company 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 firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. Analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.485 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.73%. Coca-Cola’s dividend payout ratio is 77.60%.

Analyst Ratings Changes

Several brokerages recently issued reports on KO. Barclays upped their target price on shares of Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. StockNews.com downgraded Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Royal Bank of Canada upped their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, TD Cowen lifted their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $70.73.

Coca-Cola Company 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.