Stokes Capital Advisors LLC Purchases 2,498 Shares of The Coca-Cola Company (NYSE:KO)

Stokes Capital Advisors LLC increased its position in The Coca-Cola Company (NYSE:KO) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,145 shares of the company’s stock after acquiring an additional 2,498 shares during the period. Coca-Cola comprises about 1.9% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Stokes Capital Advisors LLC’s holdings in Coca-Cola were worth $7,530,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tallon Kerry Patrick purchased a new position in Coca-Cola during the fourth quarter valued at $241,000. Brighton Jones LLC lifted its position in Coca-Cola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after purchasing an additional 4,591 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Coca-Cola during the fourth quarter valued at $24,472,000. Revolve Wealth Partners LLC lifted its position in shares of Coca-Cola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after acquiring an additional 293 shares in the last quarter. Finally, Private Management Group Inc. lifted its position in shares of Coca-Cola by 15.2% in the fourth quarter. Private Management Group Inc. now owns 5,316 shares of the company’s stock valued at $331,000 after acquiring an additional 703 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In other news, COO Henrique Braun sold 25,277 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the transaction, the chief operating officer now directly owns 52,466 shares of the company’s stock, valued at approximately $3,749,745.02. This represents a 32.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Murphy sold 88,658 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total value of $6,391,355.22. Following the completion of the transaction, the chief financial officer now owns 205,511 shares of the company’s stock, valued at approximately $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 440,664 shares of company stock worth $31,730,532. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on Coca-Cola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. UBS Group boosted their price objective on Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Cfra Research upgraded Coca-Cola to a “strong-buy” rating in a research report on Tuesday, April 15th. Wells Fargo & Company boosted their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Barclays reiterated an “overweight” rating on shares of Coca-Cola in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $75.81.

Coca-Cola Stock Up 0.6%

Shares of NYSE KO opened at $71.37 on Friday. The Coca-Cola Company has a 12-month low of $60.62 and a 12-month high of $74.38. The stock’s fifty day simple moving average is $71.39 and its two-hundred day simple moving average is $67.57. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $307.20 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts expect that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. Coca-Cola’s dividend payout ratio is presently 81.60%.

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.