Financial Partners Group LLC Grows Stock Position in The Coca-Cola Company (NYSE:KO)

Financial Partners Group LLC lifted its position in The Coca-Cola Company (NYSE:KO) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,994 shares of the company’s stock after acquiring an additional 354 shares during the period. 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 made changes to their positions in the company. Tidemark LLC purchased a new stake in Coca-Cola during the 4th quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in shares of Coca-Cola in the first quarter valued at approximately $28,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Coca-Cola in the first quarter valued at approximately $28,000. Private Wealth Management Group LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at approximately $27,000. Finally, Criterion Capital Advisors LLC purchased a new position in Coca-Cola during the fourth quarter worth approximately $30,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KO shares. StockNews.com downgraded Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Evercore ISI raised their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. TD Cowen lifted their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Argus raised their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus price target of $70.20.

Coca-Cola Trading Down 0.7 %

KO traded down $0.51 during mid-day trading on Monday, hitting $68.17. 10,020,914 shares of the stock were exchanged, compared to its average volume of 13,078,668. The firm’s fifty day moving average is $64.73 and its two-hundred day moving average is $62.15. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $69.67. The company has a market cap of $293.67 billion, a PE ratio of 27.27, a PEG ratio of 3.80 and a beta of 0.59. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results 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. The business had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. Equities analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction 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 directly owns 74,067 shares in the company, valued at $5,074,330.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Coca-Cola news, EVP Henrique Braun sold 57,298 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $63.08, for a total transaction of $3,614,357.84. Following the completion of the transaction, the executive vice president now owns 52,466 shares in the company, valued at approximately $3,309,555.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lisa Chang sold 58,122 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total transaction 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 $5,074,330.17. The disclosure for this sale can be found here. Insiders sold a total of 928,460 shares of company stock worth $575,312,245 over the last 90 days. Corporate insiders own 0.97% of the company’s stock.

About Coca-Cola

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.