Apollon Wealth Management LLC Buys 18,955 Shares of The Coca-Cola Company (NYSE:KO)

Apollon Wealth Management LLC lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 21.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,796 shares of the company’s stock after buying an additional 18,955 shares during the quarter. Apollon Wealth Management LLC’s holdings in Coca-Cola were worth $6,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ZRC Wealth Management LLC boosted its holdings in shares of Coca-Cola by 213.3% in 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. Criterion Capital Advisors LLC purchased a new stake in Coca-Cola during the 4th quarter valued at about $30,000. Financial Connections Group Inc. purchased a new stake in Coca-Cola during the 4th quarter valued at $38,000. Avion Wealth increased its holdings in Coca-Cola by 64.8% in the 4th quarter. Avion Wealth now owns 819 shares of the company’s stock worth $48,000 after buying an additional 322 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new position in shares of Coca-Cola during the fourth quarter valued at approximately $53,000. Institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of a number of research reports. Barclays upped their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup boosted their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. UBS Group raised their price target on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Evercore ISI upped their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.27.

Coca-Cola Trading Up 0.3 %

Coca-Cola stock traded up $0.19 during midday trading on Monday, hitting $62.36. 9,309,869 shares of the stock were exchanged, compared to its average volume of 13,967,127. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.25. The stock has a market capitalization of $268.64 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 3.53 and a beta of 0.57. The stock’s 50-day simple moving average is $60.28 and its 200 day simple moving average is $59.25. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Insider Activity

In other news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Nancy Quan sold 57,368 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. In the last three months, insiders sold 323,107 shares of company stock valued at $19,657,742. 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.