The Coca-Cola Company (NYSE:KO) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 37.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,967 shares of the company's stock after acquiring an additional 14,980 shares during the quarter. Farther Finance Advisors LLC's holdings in Coca-Cola were worth $3,950,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KO. Crowley Wealth Management Inc. purchased a new stake in shares of Coca-Cola in the fourth quarter worth about $27,000. Mainstream Capital Management LLC acquired a new position in Coca-Cola during the 4th quarter worth approximately $31,000. REAP Financial Group LLC boosted 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 worth $35,000 after acquiring an additional 208 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Coca-Cola in the fourth quarter valued at approximately $38,000. Finally, Hoey Investments Inc. grew its position in 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 in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Stock Performance

NYSE KO traded up $0.59 during trading hours on Tuesday, hitting $72.36. The company had a trading volume of 12,260,214 shares, compared to its average volume of 15,791,948. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61. The firm has a market cap of $311.44 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The business has a fifty day simple moving average of $71.39 and a 200-day simple moving average of $67.68.

Coca-Cola (NYSE:KO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.72 earnings per share. Equities analysts predict that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued 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 2.82%. Coca-Cola's dividend payout ratio (DPR) is presently 81.60%.

Analyst Ratings Changes

Several research analysts have recently weighed in on KO shares. Royal Bank of Canada upped their target price on shares of Coca-Cola from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Cfra Research upgraded shares of Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. Morgan Stanley restated an "overweight" rating and set a $81.00 target price on shares of Coca-Cola in a research note on Monday. Evercore ISI boosted their price target on Coca-Cola from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company increased their target price on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $76.00.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 266,403 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the sale, the chief executive officer now owns 275,946 shares of the company's stock, valued at $19,884,668.76. This represents a 49.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 60,326 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total transaction of $4,335,629.62. Following the sale, the executive vice president now owns 187,716 shares in the company, valued at $13,491,148.92. This trade represents a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 415,387 shares of company stock worth $29,923,985. Company insiders own 0.97% of the company's stock.

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.