SYM FINANCIAL Corp Acquires 417 Shares of The Coca-Cola Company (NYSE:KO)

SYM FINANCIAL Corp raised its holdings in shares of The Coca-Cola Company (NYSE:KO) by 6.6% in the fourth quarter, HoldingsChannel reports. The firm owned 6,693 shares of the company’s stock after buying an additional 417 shares during the quarter. SYM FINANCIAL Corp’s holdings in Coca-Cola were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Foster & Motley Inc. boosted its stake in shares of Coca-Cola by 6.6% during the 3rd quarter. Foster & Motley Inc. now owns 5,180 shares of the company’s stock valued at $290,000 after purchasing an additional 322 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Coca-Cola by 3.2% during the 3rd quarter. Brown Advisory Inc. now owns 764,716 shares of the company’s stock worth $42,809,000 after acquiring an additional 23,799 shares during the period. Segment Wealth Management LLC raised its position in shares of Coca-Cola by 5.4% in the 3rd quarter. Segment Wealth Management LLC now owns 19,679 shares of the company’s stock worth $1,102,000 after acquiring an additional 1,003 shares in the last quarter. Kowal Investment Group LLC lifted its stake in shares of Coca-Cola by 11.2% in the 3rd quarter. Kowal Investment Group LLC now owns 14,985 shares of the company’s stock valued at $839,000 after purchasing an additional 1,505 shares during the period. Finally, Northstar Asset Management LLC grew its stake in Coca-Cola by 5.1% in the third quarter. Northstar Asset Management LLC now owns 11,265 shares of the company’s stock worth $631,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Up 0.3 %

KO stock traded up $0.18 during midday trading on Friday, hitting $62.17. The company’s stock had a trading volume of 11,628,675 shares, compared to its average volume of 13,782,690. The firm’s 50-day moving average is $60.24 and its 200-day moving average is $59.12. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.25. The company has a market cap of $268.03 billion, a PE ratio of 24.87, a P/E/G ratio of 3.54 and a beta of 0.57.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.12%. Coca-Cola’s dividend payout ratio is presently 77.60%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KO shares. Evercore ISI raised their price objective on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays boosted their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup raised their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. UBS Group boosted their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.27.

Insider Activity

In other news, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nancy Quan sold 57,368 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $13,594,097.10. The disclosure for this sale can be found here. Insiders sold 323,107 shares of company stock valued at $19,657,742 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.