Walker Financial Services Inc. Buys 1,147 Shares of The Coca-Cola Company (NYSE:KO)

Walker Financial Services Inc. lifted its stake in The Coca-Cola Company (NYSE:KO) by 5.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,711 shares of the company’s stock after purchasing an additional 1,147 shares during the quarter. Coca-Cola comprises about 1.3% of Walker Financial Services Inc.’s holdings, making the stock its 11th biggest position. Walker Financial Services Inc.’s holdings in Coca-Cola were worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Freedom Wealth Alliance LLC purchased a new stake in shares of Coca-Cola during the fourth quarter worth about $25,000. Venturi Wealth Management LLC purchased a new stake in shares of Coca-Cola during the first quarter worth about $25,000. Fortis Capital Advisors LLC purchased a new stake in shares of Coca-Cola during the fourth quarter worth about $30,000. KB Financial Partners LLC purchased a new stake in shares of Coca-Cola during the first quarter worth about $31,000. Finally, NewSquare Capital LLC grew its position in shares of Coca-Cola by 62.5% during the first quarter. NewSquare Capital LLC now owns 507 shares of the company’s stock worth $31,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 68.96% of the company’s stock.

Coca-Cola Price Performance

NYSE:KO opened at $57.94 on Monday. The firm has a market capitalization of $250.55 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.43 and a beta of 0.55. The Coca-Cola Company has a 1 year low of $54.01 and a 1 year high of $64.99. The business has a 50 day simple moving average of $60.49 and a 200-day simple moving average of $61.25. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.14 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. Coca-Cola had a return on equity of 43.06% and a net margin of 23.81%. The business had revenue of $12 billion during the quarter, compared to analyst estimates of $11.74 billion. During the same period last year, the company earned $0.70 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts forecast that The Coca-Cola Company will post 2.63 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola’s dividend payout ratio is currently 75.72%.

Wall Street Analyst Weigh In

KO has been the subject of several research analyst reports. Wedbush increased their target price on Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Royal Bank of Canada raised their price target on Coca-Cola from $69.00 to $70.00 in a report on Thursday, July 27th. Barclays raised their price target on Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 28th. JPMorgan Chase & Co. raised their price target on Coca-Cola from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. Finally, StockNews.com started coverage on Coca-Cola in a report on Thursday, August 17th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.33.

Insider Buying and Selling

In related news, SVP Beatriz R. Perez sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $62.66, for a total transaction of $3,133,000.00. Following the completion of the sale, the senior vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,984,378.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coca-Cola news, SVP Beatriz R. Perez sold 50,000 shares of Coca-Cola stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $62.66, for a total transaction of $3,133,000.00. Following the completion of the sale, the senior vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,984,378.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Monica Howard Douglas sold 21,074 shares of Coca-Cola stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $60.90, for a total value of $1,283,406.60. Following the sale, the senior vice president now directly owns 18,360 shares of the company’s stock, valued at $1,118,124. The disclosure for this sale can be found here. In the last three months, insiders sold 227,364 shares of company stock valued at $14,122,016. Insiders own 1.00% 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.