11,100 Shares in The Coca-Cola Company (NYSE:KO) Bought by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc acquired a new position in shares of The Coca-Cola Company (NYSE:KO) during the 1st quarter, HoldingsChannel reports. The firm acquired 11,100 shares of the company’s stock, valued at approximately $795,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tallon Kerry Patrick acquired a new stake in shares of Coca-Cola during the 4th quarter valued at $241,000. Brighton Jones LLC increased its holdings in shares of Coca-Cola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,591 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Coca-Cola in the fourth quarter valued at about $24,472,000. Revolve Wealth Partners LLC boosted its position in Coca-Cola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after buying an additional 293 shares in the last quarter. Finally, KPP Advisory Services LLC boosted its position in Coca-Cola by 16.0% in the fourth quarter. KPP Advisory Services LLC now owns 4,564 shares of the company’s stock valued at $284,000 after buying an additional 628 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In other Coca-Cola news, COO Henrique Braun sold 25,277 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total transaction of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares of the company’s stock, valued at approximately $3,749,745.02. This trade represents a 32.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 55,500 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the transaction, the insider now owns 246,909 shares in the company, valued at approximately $17,533,008.09. This trade represents a 18.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 496,164 shares of company stock valued at $35,671,587. 0.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Cfra Research upgraded Coca-Cola to a “strong-buy” rating in a report on Tuesday, April 15th. UBS Group boosted their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on shares of Coca-Cola from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI upped their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $75.81.

Coca-Cola Stock Down 1.1%

NYSE:KO opened at $71.23 on Wednesday. The company has a market cap of $306.59 billion, a PE ratio of 28.84, a P/E/G ratio of 3.79 and a beta of 0.47. The Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The company’s 50 day moving average is $71.39 and its two-hundred day moving average is $67.42.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. Analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, June 13th. Coca-Cola’s dividend payout ratio is currently 81.60%.

Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.