HF Advisory Group LLC Has $651,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

HF Advisory Group LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 9.0% during the 1st quarter, Holdings Channel reports. The firm owned 9,090 shares of the company’s stock after buying an additional 747 shares during the period. HF Advisory Group LLC’s holdings in Coca-Cola were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Crowley Wealth Management Inc. bought a new stake in Coca-Cola in the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC bought a new stake in Coca-Cola in the 4th quarter valued at $31,000. REAP Financial Group LLC lifted its holdings in Coca-Cola by 57.5% during the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Coca-Cola during the fourth quarter worth $38,000. Finally, Hoey Investments Inc. boosted its position in Coca-Cola by 41.9% during the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock worth $38,000 after purchasing an additional 181 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nikolaos Koumettis sold 55,500 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the completion of the transaction, the insider now directly owns 246,909 shares in the company, valued at approximately $17,533,008.09. This represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Henrique Braun sold 25,277 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the transaction, the chief operating officer now owns 52,466 shares of the company’s stock, valued at $3,749,745.02. The trade was a 32.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 496,164 shares of company stock valued at $35,671,587. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Performance

Shares of Coca-Cola stock opened at $71.39 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The company has a market cap of $307.28 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 3.79 and a beta of 0.47. The company has a 50 day moving average of $71.41 and a 200-day moving average of $67.45. The Coca-Cola Company has a 1-year low of $60.62 and a 1-year high of $74.38.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Friday, June 13th. Coca-Cola’s dividend payout ratio is presently 81.60%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KO shares. Barclays restated an “overweight” rating on shares of Coca-Cola in a research note on Thursday, March 27th. Piper Sandler raised their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upped their target price on Coca-Cola from $74.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Wells Fargo & Company lifted their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Cfra Research upgraded Coca-Cola to a “strong-buy” rating in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola has a consensus rating of “Buy” and a consensus price target of $75.81.

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.