Capital Advisors Inc. OK Grows Holdings in The Coca-Cola Company (NYSE:KO)

Capital Advisors Inc. OK grew its stake in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 0.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 680,620 shares of the company’s stock after purchasing an additional 4,485 shares during the quarter. Coca-Cola makes up approximately 1.3% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 23rd largest position. Capital Advisors Inc. OK’s holdings in Coca-Cola were worth $42,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Berkshire Bank lifted its position in shares of Coca-Cola by 2.2% in the first quarter. Berkshire Bank now owns 7,067 shares of the company’s stock valued at $438,000 after acquiring an additional 155 shares in the last quarter. Fiducient Advisors LLC raised its stake in Coca-Cola by 2.8% in the 1st quarter. Fiducient Advisors LLC now owns 5,843 shares of the company’s stock valued at $365,000 after purchasing an additional 159 shares during the last quarter. Security Financial Services INC. lifted its holdings in Coca-Cola by 3.5% in the 1st quarter. Security Financial Services INC. now owns 4,710 shares of the company’s stock valued at $292,000 after purchasing an additional 160 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Coca-Cola by 2.4% during the 1st quarter. CWA Asset Management Group LLC now owns 6,841 shares of the company’s stock worth $424,000 after purchasing an additional 160 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its holdings in shares of Coca-Cola by 1.5% during the first quarter. Clear Creek Financial Management LLC now owns 11,012 shares of the company’s stock worth $683,000 after buying an additional 162 shares in the last quarter. 68.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research report on Tuesday, July 26th. StockNews.com raised Coca-Cola from a “hold” rating to a “buy” rating in a research report on Saturday, August 6th. HSBC upped their target price on Coca-Cola from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th. JPMorgan Chase & Co. set a $70.00 price target on Coca-Cola in a research note on Tuesday, July 26th. Finally, Credit Suisse Group set a $68.00 price objective on shares of Coca-Cola in a research note on Wednesday, July 20th. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.59.

Insider Activity at Coca-Cola

In other news, VP Kathy Loveless sold 2,512 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,768.00. Following the completion of the sale, the vice president now directly owns 1,370 shares in the company, valued at $87,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Kathy Loveless sold 2,512 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,768.00. Following the completion of the transaction, the vice president now directly owns 1,370 shares in the company, valued at approximately $87,680. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Henrique Braun sold 11,318 shares of Coca-Cola stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $64.35, for a total transaction of $728,313.30. Following the completion of the sale, the insider now owns 22,828 shares of the company’s stock, valued at approximately $1,468,981.80. The disclosure for this sale can be found here. In the last three months, insiders sold 45,830 shares of company stock valued at $2,939,961. Corporate insiders own 0.98% of the company’s stock.

Coca-Cola Stock Down 1.3 %

NYSE KO traded down $0.76 during trading hours on Friday, hitting $58.50. The company had a trading volume of 685,044 shares, compared to its average volume of 12,330,705. The firm’s 50 day moving average is $62.58 and its 200 day moving average is $62.67. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95. The Coca-Cola Company has a fifty-two week low of $52.28 and a fifty-two week high of $67.20. The company has a market capitalization of $252.99 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 3.76 and a beta of 0.54.

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

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 16th will be paid a $0.44 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a dividend yield of 3.01%. Coca-Cola’s dividend payout ratio (DPR) is presently 79.64%.

Coca-Cola Company Profile

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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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