3,216 Shares in The Coca-Cola Company (NYSE:KO) Purchased by JSF Financial LLC

JSF Financial LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,216 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KO. My Personal CFO LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $25,000. Worth Asset Management LLC boosted its stake in shares of Coca-Cola by 956.1% during the 4th quarter. Worth Asset Management LLC now owns 433 shares of the company’s stock worth $28,000 after purchasing an additional 392 shares during the period. Exos TFP Holdings LLC purchased a new position in shares of Coca-Cola during the 3rd quarter worth about $27,000. VitalStone Financial LLC purchased a new stake in Coca-Cola in the 4th quarter valued at about $32,000. Finally, Neo Ivy Capital Management purchased a new stake in Coca-Cola in the 3rd quarter valued at about $31,000. Institutional investors own 68.74% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of several recent research reports. Evercore ISI boosted their price target on shares of Coca-Cola from $68.00 to $70.00 in a report on Tuesday, April 25th. JPMorgan Chase & Co. set a $67.00 price target on shares of Coca-Cola in a research note on Tuesday, February 14th. UBS Group upped their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola from $61.00 to $63.00 in a report on Tuesday, April 25th. Finally, Royal Bank of Canada set a $69.00 price target on shares of Coca-Cola in a report on Tuesday, February 14th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $67.80.

Insider Activity

In other news, SVP Nancy Quan sold 74,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $58.71, for a total transaction of $4,344,540.00. Following the completion of the transaction, the senior vice president now owns 219,790 shares of the company’s stock, valued at approximately $12,903,870.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Nancy Quan sold 74,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $58.71, for a total transaction of $4,344,540.00. Following the completion of the sale, the senior vice president now owns 219,790 shares of the company’s stock, valued at approximately $12,903,870.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Henrique Braun sold 16,950 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $64.03, for a total transaction of $1,085,308.50. Following the sale, the insider now directly owns 26,272 shares of the company’s stock, valued at approximately $1,682,196.16. The disclosure for this sale can be found here. Insiders sold a total of 540,473 shares of company stock valued at $33,992,699 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Coca-Cola Price Performance

Shares of NYSE KO traded down $0.04 during trading on Friday, hitting $60.37. 3,181,377 shares of the company were exchanged, compared to its average volume of 12,734,476. The company has a market cap of $261.07 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.45 and a beta of 0.54. The Coca-Cola Company has a 1 year low of $54.01 and a 1 year high of $65.47. The firm’s fifty day moving average price is $62.68 and its 200 day moving average price is $61.85. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.15 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO – Get Rating) last released its quarterly earnings data on Monday, April 24th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. Coca-Cola had a net margin of 22.69% and a return on equity of 42.96%. The business had revenue of $11 billion for the quarter, compared to analyst estimates of $10.78 billion. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts expect that The Coca-Cola Company will post 2.61 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 16th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, June 15th. Coca-Cola’s dividend payout ratio is currently 80.70%.

About Coca-Cola

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The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.