The Coca-Cola Company (NYSE:KO) Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC increased its holdings in The Coca-Cola Company (NYSE:KO) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,312 shares of the company’s stock after acquiring an additional 749 shares during the quarter. Parcion Private Wealth LLC’s holdings in Coca-Cola were worth $6,512,000 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. Beacon Pointe Advisors LLC raised its stake in shares of Coca-Cola by 24.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 450,523 shares of the company’s stock valued at $26,549,000 after purchasing an additional 89,139 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of Coca-Cola during the 4th quarter valued at approximately $3,255,000. Kingsview Wealth Management LLC lifted its stake in Coca-Cola by 17.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 139,368 shares of the company’s stock worth $8,213,000 after purchasing an additional 21,030 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Coca-Cola by 0.3% in the fourth quarter. Principal Financial Group Inc. now owns 8,474,974 shares of the company’s stock worth $499,430,000 after purchasing an additional 23,046 shares during the period. Finally, Swedbank AB bought a new stake in Coca-Cola during the first quarter valued at $102,604,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the sale, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the sale, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,074,910 shares of company stock worth $585,972,318. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Down 0.0 %

KO stock traded down $0.03 during trading hours on Friday, reaching $71.14. 17,485,707 shares of the stock were exchanged, compared to its average volume of 13,186,163. The company has a market cap of $306.47 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 4.05 and a beta of 0.60. The firm’s 50-day moving average is $67.48 and its 200-day moving average is $63.54. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $73.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92.

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

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, September 13th. Coca-Cola’s payout ratio is presently 77.60%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Truist Financial lifted their target price on Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Barclays increased their target price on Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Argus boosted their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Bank of America increased their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.