Pure Financial Advisors LLC Acquires 475 Shares of The Coca-Cola Company (NYSE:KO)

Pure Financial Advisors LLC raised its holdings in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 13.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,010 shares of the company’s stock after acquiring an additional 475 shares during the quarter. Pure Financial Advisors LLC’s holdings in Coca-Cola were worth $249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Curi Wealth Management LLC bought a new position in shares of Coca-Cola during the 4th quarter worth approximately $25,000. Shore Point Advisors LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $28,000. Delos Wealth Advisors LLC boosted its holdings in shares of Coca-Cola by 4,770.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after buying an additional 477 shares during the last quarter. Horan Securities Inc. acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $32,000. Finally, Leverty Financial Group LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $35,000. 68.51% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the company. StockNews.com raised Coca-Cola from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Royal Bank of Canada increased their price objective on Coca-Cola from $68.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, April 26th. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, March 30th. DZ Bank downgraded Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 price target for the company. in a report on Thursday, April 28th. Finally, HSBC raised their price target on Coca-Cola from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.05.

Shares of NYSE KO opened at $61.15 on Thursday. The Coca-Cola Company has a 52 week low of $52.28 and a 52 week high of $67.20. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.18. The stock’s fifty day moving average is $63.44 and its 200 day moving average is $61.45. The stock has a market capitalization of $265.09 billion, a P/E ratio of 25.69, a PEG ratio of 3.45 and a beta of 0.58.

Coca-Cola (NYSE:KO – Get Rating) last released its earnings results on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The firm had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $9.83 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts forecast that The Coca-Cola Company will post 2.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, June 14th. Coca-Cola’s dividend payout ratio is presently 73.95%.

In other news, COO Brian John Smith sold 35,800 shares of the business’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $67.04, for a total transaction of $2,400,032.00. Following the sale, the chief operating officer now directly owns 116,168 shares in the company, valued at $7,787,902.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 143,924 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $64.78, for a total value of $9,323,396.72. Following the sale, the senior vice president now owns 121,178 shares in the company, valued at $7,849,910.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 412,161 shares of company stock worth $26,786,278. Company insiders own 0.98% of the company’s stock.

About Coca-Cola (Get Rating)

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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