Northern Financial Advisors Inc Purchases 594 Shares of The Coca-Cola Company (NYSE:KO)

Northern Financial Advisors Inc boosted its position in The Coca-Cola Company (NYSE:KO) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,305 shares of the company’s stock after acquiring an additional 594 shares during the period. Northern Financial Advisors Inc’s holdings in Coca-Cola were worth $1,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Wealth Partners LLC bought a new position in Coca-Cola in the third quarter worth approximately $216,000. Optas LLC lifted its holdings in shares of Coca-Cola by 6.6% in the third quarter. Optas LLC now owns 7,917 shares of the company’s stock valued at $569,000 after purchasing an additional 492 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Coca-Cola by 2.8% in the third quarter. Princeton Global Asset Management LLC now owns 61,075 shares of the company’s stock valued at $4,389,000 after purchasing an additional 1,678 shares in the last quarter. Lmcg Investments LLC lifted its holdings in shares of Coca-Cola by 6.5% in the third quarter. Lmcg Investments LLC now owns 433,801 shares of the company’s stock valued at $31,173,000 after purchasing an additional 26,343 shares in the last quarter. Finally, First Interstate Bank lifted its holdings in shares of Coca-Cola by 130.5% in the third quarter. First Interstate Bank now owns 12,345 shares of the company’s stock valued at $887,000 after purchasing an additional 6,990 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KO shares. JPMorgan Chase & Co. raised their target price on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Barclays dropped their target price on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. TD Cowen raised their target price on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company increased their price target on Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

Insider Activity

In other news, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total value of $3,981,938.22. Following the completion of the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at approximately $5,074,330.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the executive vice president now directly owns 74,067 shares of the company’s stock, valued at $5,074,330.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,870 shares of company stock worth $18,256,369. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Stock Performance

NYSE:KO opened at $65.01 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. The business has a fifty day simple moving average of $70.29 and a two-hundred day simple moving average of $66.32. The Coca-Cola Company has a 1 year low of $56.06 and a 1 year high of $73.53. The company has a market capitalization of $280.05 billion, a P/E ratio of 26.86, a P/E/G ratio of 3.97 and a beta of 0.62.

Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. The business had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is presently 80.17%.

About Coca-Cola

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.