Souders Financial Advisors Buys 494 Shares of The Coca-Cola Company (NYSE:KO)

Souders Financial Advisors boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 8.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,083 shares of the company’s stock after acquiring an additional 494 shares during the period. Souders Financial Advisors’ holdings in Coca-Cola were worth $379,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in shares of Coca-Cola in the 4th quarter valued at $31,000. Hara Capital LLC bought a new position in shares of Coca-Cola in the 3rd quarter valued at $35,000. Retirement Wealth Solutions LLC bought a new position in shares of Coca-Cola in the 4th quarter valued at $37,000. MilWealth Group LLC bought a new position in shares of Coca-Cola in the 4th quarter valued at $40,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Coca-Cola in the 3rd quarter valued at $43,000. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In related news, insider Nikolaos Koumettis sold 54,708 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the sale, the insider now directly owns 246,909 shares of the company’s stock, valued at $17,520,662.64. The trade was a 18.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Lisa Chang sold 13,445 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total value of $961,317.50. Following the completion of the sale, the executive vice president now directly owns 94,676 shares of the company’s stock, valued at $6,769,334. The trade was a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 232,646 shares of company stock valued at $16,515,469. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KO shares. Piper Sandler lifted their price target on Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the company from $69.00 to $75.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Barclays raised their price objective on Coca-Cola from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company raised their price objective on Coca-Cola from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.24.

Coca-Cola Stock Down 0.0 %

Shares of KO opened at $70.17 on Thursday. The stock’s 50-day moving average price is $65.02 and its two-hundred day moving average price is $66.55. The Coca-Cola Company has a 12 month low of $57.93 and a 12 month high of $73.53. 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 has a market capitalization of $301.78 billion, a PE ratio of 28.41, a PEG ratio of 3.79 and a beta of 0.61.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. On average, analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.51 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. Coca-Cola’s dividend payout ratio (DPR) is 82.59%.

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.