Capital Advisors Ltd. LLC Grows Stake in The Coca-Cola Company (NYSE:KO)

Capital Advisors Ltd. LLC increased its position in The Coca-Cola Company (NYSE:KO) by 11.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,214 shares of the company’s stock after acquiring an additional 443 shares during the period. Capital Advisors Ltd. LLC’s holdings in Coca-Cola were worth $302,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Voleon Capital Management LP purchased a new stake in shares of Coca-Cola in the 4th quarter worth $2,513,000. Clark Capital Management Group Inc. grew its holdings in Coca-Cola by 31.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company’s stock valued at $52,851,000 after purchasing an additional 204,681 shares during the period. Alphinity Investment Management Pty Ltd increased its position in Coca-Cola by 8.1% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 10,484,527 shares of the company’s stock worth $652,767,000 after buying an additional 783,161 shares in the last quarter. StoneX Group Inc. raised its stake in shares of Coca-Cola by 80.0% in the fourth quarter. StoneX Group Inc. now owns 51,775 shares of the company’s stock worth $3,224,000 after buying an additional 23,009 shares during the period. Finally, Fortress Financial Group LLC purchased a new position in shares of Coca-Cola during the 4th quarter valued at about $416,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

KO stock opened at $72.24 on Friday. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The firm has a market capitalization of $310.94 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The company has a fifty day simple moving average of $71.50 and a two-hundred day simple moving average of $67.80. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

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

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. Coca-Cola’s dividend payout ratio is presently 81.60%.

Insiders Place Their Bets

In other Coca-Cola news, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president now owns 187,716 shares of the company’s stock, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Quincey sold 266,403 shares of Coca-Cola stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer now owns 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock valued at $29,923,985 over the last three months. 0.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KO. Barclays reissued an “overweight” rating on shares of Coca-Cola in a report on Thursday, March 27th. Royal Bank of Canada raised their price objective on shares of Coca-Cola from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Piper Sandler lifted their target price on shares of Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. UBS Group raised their price target on Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a $81.00 price objective on shares of Coca-Cola in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $76.00.

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.