Financial Partners Group LLC Purchases 354 Shares of The Coca-Cola Company (NYSE:KO)

Financial Partners Group LLC boosted its position in The Coca-Cola Company (NYSE:KO) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,994 shares of the company’s stock after purchasing an additional 354 shares during the quarter. Financial Partners Group LLC’s holdings in Coca-Cola were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Community Bank & Trust Waco Texas lifted its stake 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 worth $1,851,000 after purchasing an additional 168 shares during the period. Goelzer Investment Management Inc. raised its position in Coca-Cola by 1.8% in the fourth quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company’s stock worth $571,000 after acquiring an additional 169 shares during the period. Premier Path Wealth Partners LLC raised its position in Coca-Cola by 1.4% in the first quarter. Premier Path Wealth Partners LLC now owns 12,009 shares of the company’s stock worth $729,000 after acquiring an additional 170 shares during the period. Richardson Financial Services Inc. boosted its stake in shares of Coca-Cola by 4.8% during the 1st quarter. Richardson Financial Services Inc. now owns 3,697 shares of the company’s stock worth $226,000 after acquiring an additional 170 shares during the last quarter. Finally, Texas Yale Capital Corp. grew its position in shares of Coca-Cola by 0.4% during 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 during the period. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total value of $3,981,938.22. Following the completion of the transaction, the executive vice president now owns 74,067 shares in the company, valued at approximately $5,074,330.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Lisa Chang sold 58,122 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total value of $3,981,938.22. Following the completion of the sale, the executive vice president now owns 74,067 shares in the company, valued at approximately $5,074,330.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the transaction, the insider now directly owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 928,460 shares of company stock worth $575,312,245. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE:KO traded down $0.51 during mid-day trading on Monday, reaching $68.17. The stock had a trading volume of 10,020,914 shares, compared to its average volume of 13,078,668. The company has a market cap of $293.67 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59. The business’s 50 day moving average price is $64.73 and its 200 day moving average price is $62.15. 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 Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $69.67.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.78 billion. During the same period in the prior year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, September 13th. Coca-Cola’s payout ratio is 77.60%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KO shares. Argus lifted their target price on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Evercore ISI increased their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. UBS Group raised their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley increased their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. Finally, Citigroup raised their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.20.

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.