Blossom Wealth Management Purchases 155 Shares of The Coca-Cola Company (NYSE:KO)

Blossom Wealth Management raised its position in The Coca-Cola Company (NYSE:KO) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,890 shares of the company’s stock after purchasing an additional 155 shares during the period. Blossom Wealth Management’s holdings in Coca-Cola were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KO. Annex Advisory Services LLC boosted its stake in shares of Coca-Cola by 3.6% during the 1st quarter. Annex Advisory Services LLC now owns 6,322 shares of the company’s stock worth $387,000 after buying an additional 222 shares during the last quarter. Brookstone Capital Management raised its stake in shares of Coca-Cola by 67.4% during the 1st quarter. Brookstone Capital Management now owns 78,799 shares of the company’s stock worth $4,821,000 after purchasing an additional 31,740 shares in the last quarter. AHL Investment Management Inc. increased its holdings in Coca-Cola by 1.2% during the first quarter. AHL Investment Management Inc. now owns 117,684 shares of the company’s stock worth $7,200,000 after buying an additional 1,338 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Coca-Cola during the first quarter worth $126,000. Finally, Sovereign Financial Group Inc. lifted its stake in Coca-Cola by 9.5% in the first quarter. Sovereign Financial Group Inc. now owns 12,100 shares of the company’s stock valued at $740,000 after acquiring an additional 1,049 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KO has been the topic of several recent analyst reports. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Morgan Stanley lifted their price objective on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. Finally, Bank of America raised their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Coca-Cola Price Performance

Shares of NYSE KO opened at $69.45 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The Coca-Cola Company has a fifty-two week low of $54.04 and a fifty-two week high of $73.53. The stock has a market capitalization of $299.19 billion, a PE ratio of 27.78, a P/E/G ratio of 3.92 and a beta of 0.60. The business has a fifty day moving average price of $70.75 and a two-hundred day moving average price of $65.94.

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

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 2.79%. Coca-Cola’s dividend payout ratio is currently 77.60%.

Insiders Place Their Bets

In other news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at $15,968,095. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at approximately $30,987,070.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 356,792 shares of company stock worth $24,728,364 over the last three months. Insiders own 0.97% of the company’s stock.

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.