Nadler Financial Group Inc. Sells 1,100 Shares of CocaCola Company (The) $KO

Nadler Financial Group Inc. lessened its position in CocaCola Company (The) (NYSE:KO) by 11.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,736 shares of the company’s stock after selling 1,100 shares during the quarter. Nadler Financial Group Inc.’s holdings in CocaCola were worth $618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cornerstone Wealth Group LLC increased its holdings in shares of CocaCola by 9.1% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 26,003 shares of the company’s stock worth $1,840,000 after purchasing an additional 2,166 shares during the period. NorthRock Partners LLC increased its holdings in shares of CocaCola by 4.4% during the 2nd quarter. NorthRock Partners LLC now owns 50,458 shares of the company’s stock worth $3,595,000 after purchasing an additional 2,141 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of CocaCola by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 334,695 shares of the company’s stock worth $23,680,000 after purchasing an additional 2,000 shares during the period. Astoria Portfolio Advisors LLC. increased its holdings in shares of CocaCola by 1.8% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 17,656 shares of the company’s stock worth $1,220,000 after purchasing an additional 312 shares during the period. Finally, Concord Asset Management LLC VA increased its holdings in shares of CocaCola by 5.6% during the 2nd quarter. Concord Asset Management LLC VA now owns 61,457 shares of the company’s stock worth $4,348,000 after purchasing an additional 3,250 shares during the period. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on KO. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Wells Fargo & Company dropped their price objective on shares of CocaCola from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. Finally, UBS Group lowered their target price on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $76.93.

Insider Buying and Selling

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the transaction, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by company insiders.

CocaCola Stock Performance

NYSE KO opened at $66.76 on Tuesday. The stock has a market cap of $287.29 billion, a P/E ratio of 23.67, a PEG ratio of 3.49 and a beta of 0.43. The company’s 50-day simple moving average is $68.01 and its 200 day simple moving average is $69.82. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.49.

CocaCola (NYSE:KO) last posted its earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The business had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. As a group, research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. CocaCola’s payout ratio is 72.34%.

About CocaCola

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.