Harbor Capital Advisors Inc. Has $4.46 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Harbor Capital Advisors Inc. raised its holdings in The Coca-Cola Company (NYSE:KO - Free Report) by 12.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,272 shares of the company's stock after purchasing an additional 7,029 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Coca-Cola were worth $4,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tallon Kerry Patrick purchased a new position in Coca-Cola during the 4th quarter valued at about $241,000. Brighton Jones LLC increased its holdings in shares of Coca-Cola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after buying an additional 4,591 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Coca-Cola in the 4th quarter valued at about $24,472,000. Revolve Wealth Partners LLC lifted its position in Coca-Cola by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after buying an additional 293 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its position in Coca-Cola by 4.4% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 26,379 shares of the company's stock worth $1,642,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling

In other news, CFO John Murphy sold 88,658 shares of Coca-Cola stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Quincey sold 266,403 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer now owns 275,946 shares of the company's stock, valued at $19,884,668.76. The trade was a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,387 shares of company stock valued at $29,923,985 over the last quarter. Corporate insiders own 0.97% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley reiterated an "overweight" rating and set a $81.00 target price on shares of Coca-Cola in a research note on Monday, June 9th. Barclays restated an "overweight" rating on shares of Coca-Cola in a report on Thursday, March 27th. UBS Group lifted their price target on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada boosted their price objective on Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Piper Sandler increased their target price on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $76.00.

Coca-Cola Stock Performance

Shares of KO stock traded down $1.30 during trading on Friday, reaching $70.94. The company had a trading volume of 17,424,785 shares, compared to its average volume of 15,884,646. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84. The firm's 50 day simple moving average is $71.56 and its two-hundred day simple moving average is $67.84. The company has a market capitalization of $305.36 billion, a PE ratio of 28.72, a PEG ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a one year low of $60.62 and a one year high of $74.38.

Coca-Cola (NYSE:KO - Get Free Report) last issued 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. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The company had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the business posted $0.72 EPS. The company's revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.88%. Coca-Cola's dividend payout ratio is currently 81.60%.

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.