Integrated Advisors Network LLC Boosts Stock Holdings in The Coca-Cola Company (NYSE:KO)

Integrated Advisors Network LLC grew its stake in The Coca-Cola Company (NYSE:KO - Free Report) by 87.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,771 shares of the company's stock after purchasing an additional 45,663 shares during the quarter. Integrated Advisors Network LLC's holdings in Coca-Cola were worth $7,003,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in shares of Coca-Cola during the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC acquired a new position in shares of Coca-Cola during the fourth quarter valued at $31,000. REAP Financial Group LLC grew its position in shares of Coca-Cola by 57.5% during the fourth 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 last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Coca-Cola during the fourth quarter worth about $38,000. Finally, Hoey Investments Inc. increased its holdings in shares of Coca-Cola by 41.9% in the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock worth $38,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Activity at Coca-Cola

In other news, EVP Beatriz R. Perez sold 60,326 shares of the 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 in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Quincey sold 266,403 shares of Coca-Cola 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley reissued an "overweight" rating and set a $81.00 target price on shares of Coca-Cola in a research note on Monday. UBS Group boosted their target price on Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. DZ Bank raised Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Thursday, February 13th. Finally, Barclays reaffirmed an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $76.00.

Coca-Cola Stock Down 0.5%

Shares of NYSE:KO traded down $0.35 during trading on Thursday, hitting $71.72. 5,026,630 shares of the company were exchanged, compared to its average volume of 15,768,311. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The stock has a market cap of $308.70 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 3.79 and a beta of 0.46. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The firm has a fifty day moving average price of $71.42 and a two-hundred day moving average price of $67.74.

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

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. Coca-Cola's payout ratio is currently 81.60%.

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.