Motiv8 Investments LLC Raises Stock Holdings in The Coca-Cola Company (NYSE:KO)

Motiv8 Investments LLC raised its position in shares of The Coca-Cola Company (NYSE:KO) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,567 shares of the company’s stock after acquiring an additional 615 shares during the period. Motiv8 Investments LLC’s holdings in Coca-Cola were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. New Millennium Group LLC bought a new stake in Coca-Cola during the second quarter valued at about $26,000. Tidemark LLC bought a new stake in Coca-Cola during the fourth quarter valued at about $26,000. ESL Trust Services LLC bought a new stake in Coca-Cola during the first quarter valued at about $28,000. Redmont Wealth Advisors LLC bought a new stake in Coca-Cola during the first quarter valued at about $28,000. Finally, Private Wealth Management Group LLC bought a new stake in Coca-Cola during the fourth quarter valued at about $27,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Price Performance

KO traded down $0.03 during trading on Friday, hitting $71.14. The company’s stock had a trading volume of 17,485,707 shares, compared to its average volume of 13,186,163. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The business’s fifty day simple moving average is $67.48 and its 200 day simple moving average is $63.54. The firm has a market capitalization of $306.47 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 4.05 and a beta of 0.60. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $73.53.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results 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. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. On average, equities research analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Insiders Place Their Bets

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 stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the transaction, the insider now owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Coca-Cola news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares in the company, valued at $1,742,280,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the sale, the insider now owns 218,880 shares in the company, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,074,910 shares of company stock valued at $585,972,318. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several recent analyst reports. BNP Paribas initiated coverage on Coca-Cola in a report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price target for the company. Bank of America raised their price target on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Truist Financial raised their price target on Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price target on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Citigroup raised their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.73.

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.