Angeles Investment Advisors LLC Grows Stock Holdings in The Coca-Cola Company (NYSE:KO)

Angeles Investment Advisors LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,913 shares of the company’s stock after purchasing an additional 543 shares during the period. Angeles Investment Advisors LLC’s holdings in Coca-Cola were worth $1,207,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KO. Fairfield Financial Advisors LTD bought a new stake in shares of Coca-Cola in the 2nd quarter worth approximately $65,000. Brown Brothers Harriman & Co. lifted its stake in Coca-Cola by 2.9% in the second quarter. Brown Brothers Harriman & Co. now owns 209,513 shares of the company’s stock worth $13,336,000 after acquiring an additional 5,903 shares during the period. Quilter Plc boosted its holdings in Coca-Cola by 3.0% in the second quarter. Quilter Plc now owns 1,369,560 shares of the company’s stock valued at $87,172,000 after acquiring an additional 39,902 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Coca-Cola during the 2nd quarter valued at $310,000. Finally, Plato Investment Management Ltd raised its holdings in Coca-Cola by 5.7% in the 2nd quarter. Plato Investment Management Ltd now owns 154,909 shares of the company’s stock worth $9,860,000 after purchasing an additional 8,342 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $14,507,516.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the transaction, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $30,987,070.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $14,507,516.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 974,715 shares of company stock valued at $579,704,927. Company insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

NYSE KO opened at $71.41 on Monday. The business’s fifty day moving average is $68.28 and its 200 day moving average is $63.95. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $73.53. 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 company has a market capitalization of $307.63 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 3.93 and a beta of 0.60.

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

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors 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 dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KO. BNP Paribas assumed coverage on shares of Coca-Cola in a research note on Monday, June 24th. They set an “outperform” rating and a $72.00 target price on the stock. 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 report on Wednesday, July 24th. TD Cowen increased their target price on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Finally, Bank of America increased their price objective on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average 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.