Santori & Peters Inc. Invests $204,000 in The Coca-Cola Company (NYSE:KO)

Santori & Peters Inc. acquired a new stake in The Coca-Cola Company (NYSE:KO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,839 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in shares of Coca-Cola by 67.4% during the 1st quarter. Brookstone Capital Management now owns 78,799 shares of the company’s stock worth $4,821,000 after buying an additional 31,740 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in Coca-Cola by 14.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 38,634 shares of the company’s stock worth $2,364,000 after acquiring an additional 4,754 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Coca-Cola by 15.2% in the first quarter. Kathmere Capital Management LLC now owns 4,922 shares of the company’s stock valued at $301,000 after purchasing an additional 648 shares in the last quarter. Financial Management Professionals Inc. grew its position in shares of Coca-Cola by 14.1% in the first quarter. Financial Management Professionals Inc. now owns 10,670 shares of the company’s stock valued at $653,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Norris Perne & French LLP MI increased its stake in shares of Coca-Cola by 5.4% during the 1st quarter. Norris Perne & French LLP MI now owns 11,430 shares of the company’s stock worth $699,000 after purchasing an additional 586 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Down 0.0 %

Shares of Coca-Cola stock traded down $0.01 during trading hours on Friday, reaching $67.29. The stock had a trading volume of 1,761,883 shares, compared to its average volume of 13,207,806. 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 1 year low of $55.10 and a 1 year high of $73.53. The firm has a market capitalization of $289.88 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 3.92 and a beta of 0.60. The firm has a 50 day simple moving average of $70.74 and a two-hundred day simple moving average of $65.96.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The firm had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the company posted $0.74 earnings per share. Coca-Cola’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 2.88%. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $69.01, for a total transaction of $2,667,443.53. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Nancy Quan sold 18,482 shares of Coca-Cola 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 of the company’s stock, valued at $15,398,603.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 38,653 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53. The disclosure for this sale can be found here. In the last three months, insiders sold 319,005 shares of company stock worth $22,198,147. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley lowered their target price on Coca-Cola from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Citigroup boosted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. TD Cowen raised their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Cfra reissued a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.87.

About Coca-Cola

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.