Crumly & Associates Inc. Raises Stock Holdings in The Coca-Cola Company (NYSE:KO)

Crumly & Associates Inc. raised its position in shares of The Coca-Cola Company (NYSE:KO) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,329 shares of the company’s stock after buying an additional 579 shares during the period. Crumly & Associates Inc.’s holdings in Coca-Cola were worth $530,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in shares of Coca-Cola by 21.0% during the second quarter. National Bank of Canada FI now owns 2,388,788 shares of the company’s stock valued at $151,125,000 after acquiring an additional 414,643 shares in the last quarter. Nottingham Advisors Inc. bought a new position in Coca-Cola in the 2nd quarter worth $338,000. Foster & Motley Inc. lifted its position in shares of Coca-Cola by 18.3% in the 2nd quarter. Foster & Motley Inc. now owns 6,625 shares of the company’s stock worth $422,000 after purchasing an additional 1,026 shares during the period. Meridian Wealth Advisors LLC increased its position in shares of Coca-Cola by 129.1% during the second quarter. Meridian Wealth Advisors LLC now owns 43,237 shares of the company’s stock valued at $2,752,000 after buying an additional 24,361 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its stake in Coca-Cola by 5.1% in the second quarter. Deseret Mutual Benefit Administrators now owns 21,907 shares of the company’s stock worth $1,394,000 after buying an additional 1,062 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In other news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was 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 $14,168,055.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the firm’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 sale, the insider now directly owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the transaction, the executive vice president now directly 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. Over the last ninety days, insiders sold 1,074,910 shares of company stock worth $585,972,318. 0.97% of the stock is owned by company insiders.

Coca-Cola Stock Down 1.4 %

KO stock traded down $1.04 during midday trading on Thursday, hitting $71.52. The company’s stock had a trading volume of 8,228,392 shares, compared to its average volume of 13,085,091. The company has a market cap of $308.10 billion, a PE ratio of 28.78, a P/E/G ratio of 4.05 and a beta of 0.59. The firm’s 50-day moving average is $67.18 and its 200-day moving average is $63.41. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $73.53. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.78 billion. During the same period last year, the firm posted $0.78 earnings per share. Coca-Cola’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors 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 2.71%. The ex-dividend date of this dividend is Friday, September 13th. Coca-Cola’s payout ratio is 77.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BNP Paribas began coverage on Coca-Cola in a report on Monday, June 24th. They set an “outperform” rating and a $72.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Barclays boosted their target price on shares of Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. TD Cowen increased their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Argus boosted their price objective 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. Four 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, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $70.73.

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.