Zhang Financial LLC Takes Position in The Coca-Cola Company (NYSE:KO)

Zhang Financial LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KO – Get Rating) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,474 shares of the company’s stock, valued at approximately $383,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Fortis Advisors LLC acquired a new stake in Coca-Cola during the 3rd quarter valued at $25,000. Curi Wealth Management LLC acquired a new stake in shares of Coca-Cola during the fourth quarter valued at about $25,000. Shore Point Advisors LLC acquired a new stake in shares of Coca-Cola during the fourth quarter valued at about $28,000. Horan Securities Inc. acquired a new position in shares of Coca-Cola in the fourth quarter worth approximately $32,000. Finally, Leverty Financial Group LLC acquired a new position in shares of Coca-Cola in the fourth quarter worth approximately $35,000. Institutional investors own 68.51% of the company’s stock.

Shares of NYSE:KO traded down $0.70 during trading on Tuesday, reaching $65.26. 576,404 shares of the company traded hands, compared to its average volume of 19,002,994. The firm has a market capitalization of $282.90 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 3.82 and a beta of 0.58. The Coca-Cola Company has a 52-week low of $52.28 and a 52-week high of $67.20. The company has a current ratio of 1.18, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The business’s fifty day moving average is $63.02 and its 200-day moving average is $60.26.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.70%. Coca-Cola’s dividend payout ratio is presently 73.95%.

Several equities research analysts have recently commented on the company. Royal Bank of Canada boosted 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. StockNews.com raised Coca-Cola from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Credit Suisse Group set a $68.00 target price on shares of Coca-Cola in a research note on Friday. Cowen boosted their price objective on Coca-Cola from $65.00 to $68.00 and gave the company a “market perform” rating in a research note on Tuesday, April 26th. Finally, Wells Fargo & Company raised their price target on shares of Coca-Cola from $67.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, February 11th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $67.29.

In other Coca-Cola news, SVP Monica Howard Douglas sold 14,122 shares of the stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $58.85, for a total value of $831,079.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 143,924 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president now owns 121,178 shares of the company’s stock, valued at approximately $7,849,910.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 667,137 shares of company stock valued at $42,579,677. 0.98% of the stock is owned by corporate insiders.

Coca-Cola Company Profile (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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