Intelligence Driven Advisers LLC Buys 412 Shares of The Coca-Cola Company (NYSE:KO)

Intelligence Driven Advisers LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 12.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,772 shares of the company’s stock after acquiring an additional 412 shares during the period. Intelligence Driven Advisers LLC’s holdings in Coca-Cola were worth $240,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KO. Tidemark LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth $26,000. New Millennium Group LLC bought a new stake in shares of Coca-Cola during the second quarter worth $26,000. Private Wealth Management Group LLC bought a new stake in shares of Coca-Cola during the fourth quarter worth $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of Coca-Cola during the first quarter worth $28,000. Finally, ESL Trust Services LLC bought a new stake in shares of Coca-Cola during the first quarter worth $28,000. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,968,095. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Cola Co Coca sold 598,619 shares of the firm’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 completion of the sale, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The disclosure for this sale can be found here. Insiders sold a total of 1,074,910 shares of company stock worth $585,972,318 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. Royal Bank of Canada increased their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a research note on Thursday. TD Cowen upped their price target on Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Morgan Stanley upped their price target on Coca-Cola from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $70.73.

Coca-Cola Trading Down 0.0 %

Shares of Coca-Cola stock traded down $0.03 during trading hours on Friday, hitting $71.14. The company’s stock had a trading volume of 17,485,707 shares, compared to its average volume of 13,186,163. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $73.53. The stock has a 50 day moving average of $67.48 and a 200 day moving average of $63.54. The company has a market capitalization of $306.47 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92.

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 the consensus estimate of $0.81 by $0.03. The company had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company’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 earned $0.78 earnings per share. Analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The company 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 dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.73%. Coca-Cola’s payout ratio is presently 77.60%.

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.