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:KOGet 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:KOGet 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.

See Also

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

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