The Coca-Cola Company (NYSE:KO) Shares Purchased by Costello Asset Management INC

Costello Asset Management INC raised its position in The Coca-Cola Company (NYSE:KO) by 90.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 841 shares of the company’s stock after buying an additional 400 shares during the quarter. Costello Asset Management INC’s holdings in Coca-Cola were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. WealthPLAN Partners LLC raised its stake in Coca-Cola by 151.6% during the 1st quarter. WealthPLAN Partners LLC now owns 17,267 shares of the company’s stock valued at $1,056,000 after acquiring an additional 10,404 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Coca-Cola by 77.0% during the first quarter. Atomi Financial Group Inc. now owns 19,219 shares of the company’s stock worth $1,176,000 after purchasing an additional 8,362 shares during the last quarter. Sei Investments Co. raised its stake in shares of Coca-Cola by 16.6% during the first quarter. Sei Investments Co. now owns 1,702,573 shares of the company’s stock worth $104,163,000 after purchasing an additional 241,812 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Coca-Cola by 20.6% during the first quarter. Meeder Asset Management Inc. now owns 6,634 shares of the company’s stock worth $406,000 after purchasing an additional 1,133 shares during the period. Finally, Meeder Advisory Services Inc. increased its stake in Coca-Cola by 2.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 47,960 shares of the company’s stock valued at $2,934,000 after buying an additional 963 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Price Performance

Coca-Cola stock opened at $63.92 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The firm’s 50-day simple moving average is $69.56 and its 200 day simple moving average is $66.44. The Coca-Cola Company has a 52 week low of $56.06 and a 52 week high of $73.53. The firm has a market capitalization of $275.35 billion, a PE ratio of 26.41, a P/E/G ratio of 3.87 and a beta of 0.61.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The company had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.485 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. Coca-Cola’s dividend payout ratio (DPR) is 80.17%.

Insider Activity

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO James Quincey sold 102,533 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 442,546 shares in the company, valued at approximately $30,987,070.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 203,748 shares of company stock worth $14,274,431 over the last three months. 0.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on KO shares. TD Cowen raised their target price 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. Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Wells Fargo & Company boosted their target price on Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Hsbc Global Res raised Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Finally, StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.80.

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.