Rational Advisors LLC Increases Stock Position in The Coca-Cola Company (NYSE:KO)

Rational Advisors LLC boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 277.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,194 shares of the company’s stock after buying an additional 2,348 shares during the quarter. Rational Advisors LLC’s holdings in Coca-Cola were worth $203,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. New Millennium Group LLC purchased a new position in shares of Coca-Cola in the 2nd quarter worth approximately $26,000. Tidemark LLC purchased a new stake in Coca-Cola during the 4th quarter valued at about $26,000. ESL Trust Services LLC acquired a new position in shares of Coca-Cola in the first quarter valued at about $28,000. Redmont Wealth Advisors LLC purchased a new position in shares of Coca-Cola in the first quarter worth about $28,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth about $27,000. Institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KO. Royal Bank of Canada increased their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Bank of America raised their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. BNP Paribas initiated coverage on Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 price target on the stock. Barclays lifted their price objective on Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Truist Financial raised their target price on Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $70.20.

Insiders Place Their Bets

In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total value of $7,179,360.66. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total value of $1,224,645.76. Following the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $14,168,055.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value of $7,179,360.66. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. The disclosure for this sale can be found here. Insiders sold a total of 1,014,029 shares of company stock valued at $581,682,074 over the last quarter. 0.97% of the stock is owned by insiders.

Coca-Cola Price Performance

Shares of KO traded up $1.07 during trading hours on Monday, hitting $70.86. 12,910,136 shares of the stock were exchanged, compared to its average volume of 12,989,852. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $70.92. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The stock’s 50-day moving average price is $65.91 and its two-hundred day moving average price is $62.80. The company has a market cap of $305.26 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59.

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

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, September 13th. Coca-Cola’s dividend payout ratio is presently 77.60%.

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.