Perfromance Wealth Partners LLC Acquires 19,821 Shares of The Coca-Cola Company (NYSE:KO)

Perfromance Wealth Partners LLC raised its holdings in The Coca-Cola Company (NYSE:KOGet Rating) by 205.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,485 shares of the company’s stock after purchasing an additional 19,821 shares during the period. Perfromance Wealth Partners LLC’s holdings in Coca-Cola were worth $1,855,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Berkshire Bank increased its stake in shares of Coca-Cola by 2.2% in the 1st quarter. Berkshire Bank now owns 7,067 shares of the company’s stock worth $438,000 after acquiring an additional 155 shares in the last quarter. Fiducient Advisors LLC grew its holdings in Coca-Cola by 2.8% in the first quarter. Fiducient Advisors LLC now owns 5,843 shares of the company’s stock worth $365,000 after purchasing an additional 159 shares during the period. Security Financial Services INC. increased its stake in shares of Coca-Cola by 3.5% during the first quarter. Security Financial Services INC. now owns 4,710 shares of the company’s stock valued at $292,000 after purchasing an additional 160 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Coca-Cola by 2.4% during the first quarter. CWA Asset Management Group LLC now owns 6,841 shares of the company’s stock valued at $424,000 after purchasing an additional 160 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in shares of Coca-Cola by 1.5% in the 1st quarter. Clear Creek Financial Management LLC now owns 11,012 shares of the company’s stock worth $683,000 after purchasing an additional 162 shares in the last quarter. 68.93% of the stock is owned by institutional investors.

Insider Activity at Coca-Cola

In other Coca-Cola news, VP Kathy Loveless sold 2,512 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,768.00. Following the transaction, the vice president now directly owns 1,370 shares in the company, valued at approximately $87,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Kathy Loveless sold 2,512 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,768.00. Following the sale, the vice president now directly owns 1,370 shares of the company’s stock, valued at approximately $87,680. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carolyn Everson acquired 983 shares of the stock in a transaction dated Wednesday, July 27th. The shares were bought at an average cost of $62.29 per share, with a total value of $61,231.07. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,435. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 45,830 shares of company stock valued at $2,939,961. 0.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KO shares. Morgan Stanley dropped their price target on shares of Coca-Cola from $76.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Royal Bank of Canada set a $69.00 price objective on shares of Coca-Cola in a report on Tuesday, July 26th. JPMorgan Chase & Co. set a $70.00 target price on Coca-Cola in a research note on Tuesday, July 26th. HSBC lifted their target price on Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Finally, StockNews.com raised Coca-Cola from a “hold” rating to a “buy” rating in a research report on Saturday, August 6th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.59.

Coca-Cola Stock Down 1.0 %

NYSE KO traded down $0.59 during trading on Friday, reaching $58.67. 709,374 shares of the company’s stock traded hands, compared to its average volume of 12,330,705. The company’s 50 day simple moving average is $62.58 and its two-hundred day simple moving average is $62.67. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market cap of $253.73 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54. The Coca-Cola Company has a 12-month low of $52.28 and a 12-month high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period last year, the firm posted $0.68 EPS. Coca-Cola’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.46 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.00%. The ex-dividend date is Thursday, September 15th. Coca-Cola’s payout ratio is 79.64%.

Coca-Cola Company Profile

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Further Reading

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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