Orion Portfolio Solutions LLC Increases Holdings in The Coca-Cola Company (NYSE:KO)

Orion Portfolio Solutions LLC increased its position in The Coca-Cola Company (NYSE:KOGet Rating) by 12.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,362 shares of the company’s stock after acquiring an additional 3,873 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Coca-Cola were worth $2,162,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nauset Wealth Management. LLC bought a new stake in shares of Coca-Cola during the 1st quarter valued at about $27,000. Delos Wealth Advisors LLC lifted its position in Coca-Cola by 4,770.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares during the last quarter. Carl Stuart Investment Advisor Inc. purchased a new position in Coca-Cola in the 1st quarter worth approximately $34,000. Hillsdale Investment Management Inc. bought a new position in shares of Coca-Cola in the 1st quarter worth $35,000. Finally, Rational Advisors LLC purchased a new stake in shares of Coca-Cola during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 68.93% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of several research reports. Morgan Stanley cut their target price on shares of Coca-Cola from $76.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, July 27th. Royal Bank of Canada set a $69.00 price objective on shares of Coca-Cola in a report on Tuesday, July 26th. UBS Group increased their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Credit Suisse Group set a $68.00 price target on shares of Coca-Cola in a research note on Wednesday, July 20th. Finally, StockNews.com raised Coca-Cola from a “hold” rating to a “buy” rating in a research note on Saturday, August 6th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.59.

Coca-Cola Price Performance

NYSE KO opened at $59.26 on Friday. The company has a market cap of $256.28 billion, a PE ratio of 26.81, a P/E/G ratio of 3.76 and a beta of 0.54. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.13. The Coca-Cola Company has a 52-week low of $52.28 and a 52-week high of $67.20. The firm’s 50 day moving average price is $62.58 and its 200-day moving average price is $62.67.

Coca-Cola (NYSE:KOGet Rating) last released its earnings results on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the business earned $0.68 EPS. Coca-Cola’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts forecast that The Coca-Cola Company will post 2.46 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, September 15th. Coca-Cola’s dividend payout ratio is presently 79.64%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, Director Carolyn Everson bought 983 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was acquired at an average price of $62.29 per share, with a total value of $61,231.07. Following the completion of the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at $93,435. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Carolyn Everson purchased 983 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was acquired at an average cost of $62.29 per share, for a total transaction of $61,231.07. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,435. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Henrique Braun sold 11,318 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $64.35, for a total value of $728,313.30. Following the transaction, the insider now directly owns 22,828 shares in the company, valued at approximately $1,468,981.80. The disclosure for this sale can be found here. Insiders sold 45,830 shares of company stock valued at $2,939,961 over the last quarter. 0.98% of the stock is currently owned by insiders.

About Coca-Cola

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. 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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