4,487 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Opinicus Capital Inc.

Opinicus Capital Inc. acquired a new position in shares of The Coca-Cola Company (NYSE:KO) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 4,487 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors have also added to or reduced their stakes in the company. ZRC Wealth Management LLC increased its position in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Tidemark LLC acquired a new position in Coca-Cola during the 4th quarter worth approximately $26,000. Private Wealth Management Group LLC acquired a new position in Coca-Cola during the 4th quarter worth approximately $27,000. Criterion Capital Advisors LLC acquired a new position in Coca-Cola during the 4th quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC bought a new stake in Coca-Cola during the 4th quarter worth approximately $31,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Down 0.4 %

Shares of Coca-Cola stock traded down $0.26 during trading on Friday, reaching $63.65. 17,358,827 shares of the company traded hands, compared to its average volume of 11,241,235. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.36. The company has a 50 day moving average price of $62.72 and a 200-day moving average price of $60.77. The firm has a market capitalization of $274.20 billion, a PE ratio of 25.46, a P/E/G ratio of 3.61 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same quarter in the previous year, the company earned $0.68 EPS. Coca-Cola’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.05%. Coca-Cola’s payout ratio is 77.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BNP Paribas assumed 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. Barclays boosted their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Evercore ISI boosted 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. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Argus upped their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.83.

Insiders Place Their Bets

In other news, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the sale, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the sale, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the transaction, the executive vice president now owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 223,665 shares of company stock worth $13,995,465. Insiders own 0.97% of the company’s stock.

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.