CFO4Life Group LLC Buys 174 Shares of The Coca-Cola Company (NYSE:KO)

CFO4Life Group LLC grew its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 15,501 shares of the company’s stock after acquiring an additional 174 shares during the quarter. CFO4Life Group LLC’s holdings in Coca-Cola were worth $948,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Tidemark LLC acquired a new position in Coca-Cola during the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Coca-Cola during the 1st quarter worth $28,000. Private Wealth Management Group LLC bought a new stake in shares of Coca-Cola during the 4th quarter worth $27,000. ZRC Wealth Management LLC boosted its stake in Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after buying an additional 320 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new position in Coca-Cola in the fourth quarter valued at about $30,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coca-Cola news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now owns 167,107 shares in the company, valued at approximately $10,358,962.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 822,284 shares of company stock worth $567,718,040. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KO. StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a research note on Thursday. Bank of America boosted their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays upped their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. UBS Group raised their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Coca-Cola Trading Up 1.5 %

NYSE:KO traded up $0.94 on Friday, reaching $64.04. 4,510,669 shares of the stock traded hands, compared to its average volume of 12,918,553. The firm has a market capitalization of $275.88 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 3.55 and a beta of 0.59. The Coca-Cola Company has a 1-year low of $51.55 and a 1-year high of $64.36. 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 company’s 50 day moving average is $63.01 and its 200-day moving average is $61.04.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $11.30 billion during 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%. Coca-Cola’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. Equities research analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a dividend of $0.485 per share. The ex-dividend date was Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.03%. Coca-Cola’s dividend payout ratio 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.