Premier Path Wealth Partners LLC Has $781,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

Premier Path Wealth Partners LLC lifted its stake in shares of The Coca-Cola Company (NYSE:KO) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,277 shares of the company’s stock after acquiring an additional 268 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Coca-Cola were worth $781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Tidemark LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at about $27,000. Redmont Wealth Advisors LLC bought a new stake in Coca-Cola in the 1st quarter valued at about $28,000. ESL Trust Services LLC purchased a new stake in Coca-Cola in the 1st quarter valued at about $28,000. Finally, Accordant Advisory Group Inc purchased a new position in shares of Coca-Cola in the 1st quarter worth approximately $31,000. 70.26% of the stock is currently owned by institutional investors.

Insider Transactions at Coca-Cola

In other Coca-Cola news, EVP Lisa Chang sold 40,334 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $69.54, for a total value of $2,804,826.36. Following the sale, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,150,619.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Coca-Cola news, EVP Lisa Chang sold 40,334 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $69.54, for a total value of $2,804,826.36. Following the completion of the transaction, the executive vice president now owns 74,067 shares of the company’s stock, valued at approximately $5,150,619.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 18,482 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,398,603.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,014,029 shares of company stock valued at $581,682,074. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Price Performance

KO traded up $0.46 during trading on Friday, reaching $69.79. 11,834,745 shares of the company were exchanged, compared to its average volume of 12,990,292. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $70.13. The company’s 50-day moving average is $65.74 and its two-hundred day moving average is $62.69. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The company has a market cap of $300.65 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 3.80 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. Research analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.78%. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KO. UBS Group boosted their price objective on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley raised their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. Truist Financial boosted their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Evercore ISI increased their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

Coca-Cola Company 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.