Centaurus Financial Inc. Buys 1,669 Shares of The Coca-Cola Company (NYSE:KO)

Centaurus Financial Inc. lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,944 shares of the company’s stock after acquiring an additional 1,669 shares during the period. Centaurus Financial Inc.’s holdings in Coca-Cola were worth $2,590,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KO. ZRC Wealth Management LLC boosted its holdings in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Tidemark LLC acquired a new stake in Coca-Cola in the fourth quarter valued at $26,000. Private Wealth Management Group LLC acquired a new stake in Coca-Cola in the fourth quarter valued at $27,000. Criterion Capital Advisors LLC acquired a new stake in Coca-Cola in the fourth quarter valued at $30,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Coca-Cola in the fourth quarter valued at $31,000. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction dated 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 transaction, the executive vice president now owns 33,638 shares in the company, valued at approximately $2,129,621.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction dated 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 transaction, the executive vice president now owns 33,638 shares in the company, valued at approximately $2,129,621.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The disclosure for this sale can be found here. Insiders sold 142,774 shares of company stock worth $8,952,720 over the last three months. 0.97% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on KO shares. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price 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. Argus raised their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Barclays raised their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, UBS Group raised their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and an average price target of $68.55.

Coca-Cola Trading Up 0.1 %

NYSE:KO traded up $0.04 during mid-day trading on Friday, hitting $62.55. 8,179,239 shares of the company’s stock were exchanged, compared to its average volume of 10,182,775. The company has a 50 day simple moving average of $61.85 and a 200-day simple moving average of $60.45. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.36. The firm has a market capitalization of $269.46 billion, a P/E ratio of 25.02, a PEG ratio of 3.56 and a beta of 0.59.

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 analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 EPS. As a group, research analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current 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 paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

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.