The Coca-Cola Company (NYSE:KO) Position Increased by Cetera Advisors LLC

Cetera Advisors LLC raised its holdings in shares of The Coca-Cola Company (NYSE:KO) by 39.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 366,670 shares of the company’s stock after purchasing an additional 104,506 shares during the period. Cetera Advisors LLC’s holdings in Coca-Cola were worth $22,433,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KO. Invst LLC boosted its holdings in shares of Coca-Cola by 27.4% during the first quarter. Invst LLC now owns 31,679 shares of the company’s stock valued at $1,922,000 after acquiring an additional 6,819 shares during the period. Dodds Wealth LLC acquired a new position in shares of Coca-Cola during the first quarter valued at $207,000. Community Trust & Investment Co. boosted its holdings in shares of Coca-Cola by 13.5% during the first quarter. Community Trust & Investment Co. now owns 54,470 shares of the company’s stock valued at $3,332,000 after acquiring an additional 6,458 shares during the period. Second Line Capital LLC boosted its holdings in shares of Coca-Cola by 22.8% during the first quarter. Second Line Capital LLC now owns 6,589 shares of the company’s stock valued at $406,000 after acquiring an additional 1,222 shares during the period. Finally, Atria Investments Inc boosted its holdings in shares of Coca-Cola by 9.7% during the first quarter. Atria Investments Inc now owns 238,155 shares of the company’s stock valued at $14,569,000 after acquiring an additional 21,083 shares during the period. Institutional investors 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 business’s stock in a transaction that occurred 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 owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 879,375 shares of company stock valued at $571,502,245. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Trading Up 2.0 %

NYSE KO traded up $1.37 on Friday, hitting $69.33. 22,514,775 shares of the company were exchanged, compared to its average volume of 12,301,018. The company’s 50 day moving average price is $64.00 and its 200-day moving average price is $61.75. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market capitalization of $298.80 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $69.67.

Coca-Cola (NYSE:KO) last posted 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. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. Analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.80%. Coca-Cola’s payout ratio is 77.60%.

Analysts Set New Price Targets

KO has been the subject of several analyst reports. Barclays boosted their price target on shares of Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. UBS Group upped their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. TD Cowen upped their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, BNP Paribas initiated coverage on shares of Coca-Cola in a report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price objective for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average target price of $70.20.

Coca-Cola Company 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.