Plancorp LLC Has $736,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Plancorp LLC lessened its stake in The Coca-Cola Company (NYSE:KO) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,559 shares of the company’s stock after selling 223 shares during the period. Plancorp LLC’s holdings in Coca-Cola were worth $736,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tidemark LLC bought a new stake in Coca-Cola in the fourth quarter worth approximately $26,000. New Millennium Group LLC bought a new stake in shares of Coca-Cola in the 2nd quarter valued at $26,000. Redmont Wealth Advisors LLC bought a new stake in Coca-Cola in the first quarter valued at $28,000. ESL Trust Services LLC bought a new stake in Coca-Cola during the 1st quarter valued at $28,000. Finally, Frazier Financial Advisors LLC acquired a new position in Coca-Cola during the 4th quarter valued at about $31,000. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KO shares. Argus raised their target price on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Royal Bank of Canada raised their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Cfra reiterated a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. BNP Paribas started coverage on shares of Coca-Cola in a report on Monday, June 24th. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Truist Financial lifted their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $71.07.

Coca-Cola Stock Performance

Coca-Cola stock opened at $72.10 on Tuesday. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $73.53. The firm’s fifty day moving average price is $68.47 and its 200-day moving average price is $64.04. The stock has a market cap of $310.60 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 3.93 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08.

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 the consensus estimate of $0.81 by $0.03. The firm had revenue of $12.40 billion during 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 company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, equities research analysts expect 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. Stockholders of record on Friday, September 13th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.69%. Coca-Cola’s payout ratio is 77.60%.

Insider Activity

In related news, EVP Nancy Quan sold 18,482 shares of Coca-Cola stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,398,603.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total value of $3,981,938.22. Following the transaction, the executive vice president now directly owns 74,067 shares of the company’s stock, valued at $5,074,330.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Nancy Quan sold 18,482 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $15,398,603.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 974,715 shares of company stock valued at $579,704,927. Corporate insiders own 0.97% of the company’s stock.

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.