LM Advisors LLC Takes Position in The Coca-Cola Company (NYSE:KO)

LM Advisors LLC purchased a new stake in The Coca-Cola Company (NYSE:KOFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,943 shares of the company’s stock, valued at approximately $1,057,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KO. Tidemark LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth $27,000. ZRC Wealth Management LLC boosted its position in shares of Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth $30,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Coca-Cola in the 4th quarter worth $31,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $13,594,097.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. In the last three months, insiders sold 180,838 shares of company stock worth $11,220,064. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the subject of a number of research reports. Evercore ISI lifted their price target on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Morgan Stanley lifted their price target on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Argus lifted their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.55.

Check Out Our Latest Report on KO

Coca-Cola Price Performance

Shares of Coca-Cola stock traded down $0.02 on Tuesday, hitting $63.57. The company’s stock had a trading volume of 8,394,177 shares, compared to its average volume of 13,199,891. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.36. The firm has a fifty day moving average price of $61.66 and a 200-day moving average price of $60.38. The company has a market capitalization of $273.86 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59.

Coca-Cola (NYSE:KOGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Coca-Cola’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.05%. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Coca-Cola Profile

(Free Report)

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.

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

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