Angeles Investment Advisors LLC Buys 543 Shares of The Coca-Cola Company (NYSE:KO)

Angeles Investment Advisors LLC increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,913 shares of the company’s stock after purchasing an additional 543 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Coca-Cola were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KO. Tidemark LLC purchased a new position in shares of Coca-Cola during the fourth quarter valued at approximately $26,000. New Millennium Group LLC bought a new stake in shares of Coca-Cola during the 2nd quarter worth approximately $26,000. Redmont Wealth Advisors LLC purchased a new position in Coca-Cola during the 1st quarter valued at $28,000. ESL Trust Services LLC bought a new position in Coca-Cola in the 1st quarter valued at $28,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Coca-Cola in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

NYSE:KO opened at $71.41 on Monday. The firm’s fifty day moving average is $68.28 and its two-hundred day moving average is $63.95. The firm has a market cap of $307.63 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 3.93 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a one year low of $51.55 and a one year high of $73.53.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total value of $1,253,987.84. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at $14,507,516.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Coca-Cola news, EVP Lisa Chang sold 58,122 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $68.51, for a total transaction of $3,981,938.22. Following the completion of the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at $5,074,330.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total transaction of $1,253,987.84. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $14,507,516.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 974,715 shares of company stock worth $579,704,927. 0.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KO has been the subject of several research reports. BNP Paribas assumed coverage on shares of Coca-Cola in a research report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price objective for the company. Royal Bank of Canada increased their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Morgan Stanley upped their target price on Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, August 27th. Citigroup raised their price target on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Cfra reiterated a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $70.73.

Coca-Cola 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.