1,019 Shares in The Coca-Cola Company (NYSE:KO) Acquired by Fairfield Financial Advisors LTD

Fairfield Financial Advisors LTD purchased a new position in The Coca-Cola Company (NYSE:KO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,019 shares of the company’s stock, valued at approximately $65,000.

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

Insider Activity

In related news, major shareholder Cola Co Coca sold 598,619 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following 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 filing with the SEC, which is available through the SEC website. In related news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the transaction, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bruno Pietracci sold 38,653 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53. The disclosure for this sale can be found here. Insiders sold 974,715 shares of company stock worth $579,704,927 over the last three months. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KO. Bank of America increased their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company lifted their price target on Coca-Cola from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Morgan Stanley lifted their target price on Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. Finally, Truist Financial upped their price target on Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola presently has an average rating of “Moderate Buy” and a consensus target price of $70.73.

Coca-Cola Trading Up 0.3 %

Coca-Cola stock opened at $71.41 on Monday. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $73.53. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The firm has a market capitalization 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 firm has a 50-day moving average price of $68.28 and a two-hundred day moving average price of $63.95.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.72%. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

Coca-Cola Company 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.