Integrated Advisors Network LLC Purchases 45,663 Shares of The Coca-Cola Company (NYSE:KO)

Integrated Advisors Network LLC raised its position in shares of The Coca-Cola Company (NYSE:KO - Free Report) by 87.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,771 shares of the company's stock after buying an additional 45,663 shares during the quarter. Integrated Advisors Network LLC's holdings in Coca-Cola were worth $7,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new position in shares of Coca-Cola in the 4th quarter worth about $241,000. Brighton Jones LLC grew its stake 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 valued at $2,433,000 after purchasing an additional 4,591 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Coca-Cola during the 4th quarter valued at about $24,472,000. Revolve Wealth Partners LLC grew its stake in shares of Coca-Cola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock valued at $548,000 after purchasing an additional 293 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its stake in shares of Coca-Cola by 4.4% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 26,379 shares of the company's stock valued at $1,642,000 after purchasing an additional 1,104 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Coca-Cola Price Performance

KO stock traded down $1.30 during midday trading on Friday, hitting $70.94. The company's stock had a trading volume of 17,424,785 shares, compared to its average volume of 15,884,646. The firm has a market capitalization of $305.36 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a 12 month low of $60.62 and a 12 month high of $74.38. The company has a 50 day moving average of $71.56 and a two-hundred day moving average of $67.84. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

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

Coca-Cola Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.88%. Coca-Cola's dividend payout ratio (DPR) is 81.60%.

Insider Transactions at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 266,403 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total value of $19,197,000.18. Following the sale, the chief executive officer now owns 275,946 shares in the company, valued at $19,884,668.76. This trade 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 at this hyperlink. Also, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the completion of the sale, the executive vice president now owns 187,716 shares in the company, 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 have sold 415,387 shares of company stock valued at $29,923,985 in the last ninety days. Corporate insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KO. Morgan Stanley reiterated an "overweight" rating and set a $81.00 price objective on shares of Coca-Cola in a research note on Monday, June 9th. Piper Sandler boosted their price objective on Coca-Cola from $73.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. UBS Group boosted their price objective on Coca-Cola from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of Coca-Cola in a research note on Thursday, March 27th. Finally, Cfra Research upgraded Coca-Cola to a "strong-buy" rating in a research note on Tuesday, April 15th. Two equities 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 company. According to data from MarketBeat.com, the company has an average 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.