First Heartland Consultants Inc. Has $618,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

First Heartland Consultants Inc. trimmed its position in shares of The Coca-Cola Company (NYSE:KO) by 11.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,714 shares of the company’s stock after selling 1,231 shares during the quarter. First Heartland Consultants Inc.’s holdings in Coca-Cola were worth $618,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KO. Tidemark LLC purchased a new position in shares of Coca-Cola in the 4th quarter worth about $26,000. Private Wealth Management Group LLC bought a new stake in Coca-Cola in the 4th quarter valued at about $27,000. Redmont Wealth Advisors LLC bought a new stake in Coca-Cola in the 1st quarter valued at about $28,000. ESL Trust Services LLC bought a new stake in shares of Coca-Cola during the first quarter valued at about $28,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Coca-Cola during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In other news, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the transaction, the insider now owns 218,880 shares in the company, valued at approximately $13,644,979.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the transaction, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Quincey sold 102,533 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total value of $7,179,360.66. Following the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at $30,987,070.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,014,029 shares of company stock worth $581,682,074. 0.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KO shares. BNP Paribas began coverage on Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 price target on the stock. Argus upped their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Wells Fargo & Company upped their target price on Coca-Cola from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. TD Cowen upped their target price on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays upped their target price on Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.20.

Coca-Cola Price Performance

NYSE:KO traded up $0.87 during trading hours on Monday, reaching $70.66. The stock had a trading volume of 3,525,256 shares, compared to its average volume of 12,929,909. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $70.72. The company has a 50 day moving average price of $65.74 and a two-hundred day moving average price of $62.73. The stock has a market capitalization of $304.40 billion, a PE ratio of 28.22, a PEG ratio of 3.80 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday, September 13th. 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.