PSI Advisors LLC Has $102,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

PSI Advisors LLC reduced its position in shares of The Coca-Cola Company (NYSE:KO) by 17.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,608 shares of the company’s stock after selling 335 shares during the quarter. PSI Advisors LLC’s holdings in Coca-Cola were worth $102,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new position in Coca-Cola during the 4th quarter valued at $67,000. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in Coca-Cola in the 4th quarter valued at about $1,474,000. RWA Wealth Partners LLC increased its stake in Coca-Cola by 95.3% in the 4th quarter. RWA Wealth Partners LLC now owns 108,461 shares of the company’s stock valued at $6,392,000 after buying an additional 52,912 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Coca-Cola by 240.1% during the 4th quarter. Larson Financial Group LLC now owns 12,351 shares of the company’s stock worth $728,000 after buying an additional 8,719 shares in the last quarter. Finally, Community Bank & Trust Waco Texas boosted its stake in shares of Coca-Cola by 2.8% in the 4th quarter. Community Bank & Trust Waco Texas now owns 30,094 shares of the company’s stock worth $1,773,000 after buying an additional 831 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. UBS Group increased their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on shares of Coca-Cola from $70.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, BNP Paribas assumed coverage on shares of Coca-Cola in a report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.20.

Coca-Cola Trading Down 0.3 %

Shares of Coca-Cola stock opened at $69.33 on Friday. The company’s 50-day moving average price is $65.60 and its 200-day moving average price is $62.62. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $70.13. The company has a market cap of $298.67 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 3.80 and a beta of 0.59.

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

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, September 13th. Coca-Cola’s payout ratio is 77.60%.

Insider Buying and Selling

In related news, major shareholder Cola Co Coca sold 598,619 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the transaction, the insider now directly owns 1,883,546 shares in the company, valued at $1,742,280,050. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the sale, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the sale, the insider now directly owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The disclosure for this sale can be found here. Insiders sold a total of 911,496 shares of company stock worth $574,502,713 over the last ninety days. 0.97% of the stock is owned by corporate insiders.

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.