Orion Portfolio Solutions LLC Has $12.05 Million Holdings in The Coca-Cola Company (NYSE:KO)

Orion Portfolio Solutions LLC grew its position in The Coca-Cola Company (NYSE:KO) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,014 shares of the company’s stock after purchasing an additional 6,929 shares during the period. Orion Portfolio Solutions LLC’s holdings in Coca-Cola were worth $12,053,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Blair William & Co. IL increased its holdings in shares of Coca-Cola by 3.6% during the 1st quarter. Blair William & Co. IL now owns 1,627,684 shares of the company’s stock valued at $99,582,000 after acquiring an additional 56,421 shares during the last quarter. Wilkins Investment Counsel Inc. boosted its stake in Coca-Cola by 258.2% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 34,638 shares of the company’s stock valued at $2,119,000 after purchasing an additional 24,968 shares during the period. Alpha Family Trust boosted its stake in Coca-Cola by 26.5% during the 1st quarter. Alpha Family Trust now owns 5,800 shares of the company’s stock valued at $355,000 after purchasing an additional 1,215 shares during the period. TBH Global Asset Management LLC boosted its stake in Coca-Cola by 3.1% during the 1st quarter. TBH Global Asset Management LLC now owns 37,058 shares of the company’s stock valued at $2,267,000 after purchasing an additional 1,108 shares during the period. Finally, D Orazio & Associates Inc. boosted its stake in Coca-Cola by 15.5% during the 1st quarter. D Orazio & Associates Inc. now owns 8,096 shares of the company’s stock valued at $495,000 after purchasing an additional 1,084 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In related news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the completion of the sale, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Beatriz R. Perez sold 57,298 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Cola Co Coca sold 598,619 shares of the firm’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 completion of the transaction, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 841,588 shares of company stock worth $568,972,027. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on KO shares. Barclays increased their target price on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Morgan Stanley raised their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Bank of America raised their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI raised their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Argus raised their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report 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’s stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $70.00.

Coca-Cola Stock Up 0.2 %

Shares of NYSE:KO traded up $0.12 during midday trading on Friday, reaching $65.31. The company had a trading volume of 13,769,241 shares, compared to its average volume of 12,880,397. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average price is $63.19 and its 200 day moving average price is $61.24. The stock has a market cap of $281.35 billion, a PE ratio of 26.10, a P/E/G ratio of 3.70 and a beta of 0.59. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $65.81.

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. The business had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. Coca-Cola’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. Research analysts forecast that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

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.