Everhart Financial Group Inc. Purchases 3,882 Shares of The Coca-Cola Company (NYSE:KO)

Everhart Financial Group Inc. lifted its holdings in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 19.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,807 shares of the company's stock after purchasing an additional 3,882 shares during the quarter. Everhart Financial Group Inc.'s holdings in Coca-Cola were worth $1,705,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $27,000. Mainstream Capital Management LLC acquired a new position in shares of Coca-Cola in the fourth quarter valued at $31,000. REAP Financial Group LLC raised its holdings in Coca-Cola by 57.5% in the 4th quarter. REAP Financial Group LLC now owns 570 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Coca-Cola during the 4th quarter worth approximately $38,000. Finally, Hoey Investments Inc. boosted its position in shares of Coca-Cola by 41.9% in the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after acquiring an additional 181 shares during the period. Institutional investors own 70.26% of the company's stock.

Insider Activity

In other news, CFO John Murphy sold 88,658 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. The trade was a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of Coca-Cola stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the completion of the sale, the executive vice president now directly owns 187,716 shares of the company's stock, valued at approximately $13,491,148.92. The trade was a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 415,387 shares of company stock worth $29,923,985 in the last three months. Company insiders own 0.97% of the company's stock.

Coca-Cola Trading Down 0.7%

Shares of NYSE:KO traded down $0.51 during midday trading on Monday, reaching $70.51. The company's stock had a trading volume of 15,028,501 shares, compared to its average volume of 15,881,216. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The firm has a 50 day moving average price of $71.56 and a two-hundred day moving average price of $67.89. The firm has a market capitalization of $303.50 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.79 and a beta of 0.46.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. As a group, analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.89%. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Analyst Ratings Changes

KO has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Royal Bank of Canada boosted their target price on Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Piper Sandler raised their price target on shares of Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Barclays reaffirmed an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. Finally, UBS Group increased their price objective on shares of Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $76.00.

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.