Toth Financial Advisory Corp Increases Holdings in The Coca-Cola Company (NYSE:KO)

Toth Financial Advisory Corp increased its stake in The Coca-Cola Company (NYSE:KO) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,081 shares of the company’s stock after acquiring an additional 4,120 shares during the period. Toth Financial Advisory Corp’s holdings in Coca-Cola were worth $5,389,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KO. Opinicus Capital Inc. purchased a new stake in Coca-Cola in the 1st quarter worth about $275,000. Occidental Asset Management LLC lifted its stake in shares of Coca-Cola by 6.0% during the 1st quarter. Occidental Asset Management LLC now owns 8,418 shares of the company’s stock worth $515,000 after acquiring an additional 477 shares during the last quarter. Avity Investment Management Inc. lifted its stake in shares of Coca-Cola by 0.8% during the 1st quarter. Avity Investment Management Inc. now owns 48,339 shares of the company’s stock worth $2,957,000 after acquiring an additional 380 shares during the last quarter. Independence Bank of Kentucky grew its position in Coca-Cola by 5.4% in the 1st quarter. Independence Bank of Kentucky now owns 39,363 shares of the company’s stock valued at $2,408,000 after acquiring an additional 2,015 shares during the last quarter. Finally, Norris Perne & French LLP MI increased its stake in Coca-Cola by 5.4% in the first quarter. Norris Perne & French LLP MI now owns 11,430 shares of the company’s stock worth $699,000 after purchasing an additional 586 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Monica Howard Douglas sold 8,874 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the transaction, the insider now owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is currently owned by insiders.

Coca-Cola Stock Down 0.4 %

NYSE KO traded down $0.26 during trading on Friday, hitting $63.65. The company’s stock had a trading volume of 17,358,827 shares, compared to its average volume of 11,241,235. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.36. The company has a market cap of $274.20 billion, a PE ratio of 25.46, a P/E/G ratio of 3.61 and a beta of 0.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The business’s 50 day simple moving average is $62.72 and its 200-day simple moving average is $60.77.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating 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 firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same period last year, the firm posted $0.68 EPS. Coca-Cola’s 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 fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.05%. Coca-Cola’s payout ratio is presently 77.60%.

Analysts Set New Price Targets

KO has been the topic of a number of research analyst reports. Argus upped 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. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Morgan Stanley increased their target price on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. Barclays lifted their price target on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, BNP Paribas assumed coverage on Coca-Cola in a research note on Monday, June 24th. They set an “outperform” rating and a $72.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $68.83.

Coca-Cola 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.