The Coca-Cola Company (NYSE:KO) Shares Bought by Fortis Group Advisors LLC

Fortis Group Advisors LLC grew its holdings in The Coca-Cola Company (NYSE:KO) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,692 shares of the company’s stock after buying an additional 317 shares during the period. Fortis Group Advisors LLC’s holdings in Coca-Cola were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. ZRC Wealth Management LLC boosted its stake 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 valued at $26,000 after buying an additional 320 shares during the period. Tidemark LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in Coca-Cola during the 4th quarter worth approximately $27,000. Criterion Capital Advisors LLC purchased a new position in Coca-Cola in the 4th quarter valued at $30,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Coca-Cola during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI raised their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Morgan Stanley boosted their price target on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. UBS Group increased their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Argus upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.55.

Insiders Place Their Bets

In related news, EVP Monica Howard Douglas sold 8,874 shares of the business’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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $561,812.94. Following the completion of the sale, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Henrique Braun sold 57,298 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 52,466 shares of the company’s stock, valued at $3,309,555.28. The disclosure for this sale can be found here. Insiders sold a total of 142,774 shares of company stock valued at $8,952,720 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 0.1 %

Shares of NYSE KO traded up $0.04 during trading on Friday, hitting $62.55. 8,179,239 shares of the company traded hands, compared to its average volume of 10,182,775. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.36. The company has a 50-day moving average price of $61.85 and a 200-day moving average price of $60.46. 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 firm has a market capitalization of $269.46 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.56 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its quarterly earnings data 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 company had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Coca-Cola’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts predict that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is currently 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.