Kowal Investment Group LLC Purchases 3,501 Shares of The Coca-Cola Company (NYSE:KO)

Kowal Investment Group LLC increased its holdings in The Coca-Cola Company (NYSE:KO) by 27.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,401 shares of the company’s stock after purchasing an additional 3,501 shares during the period. Kowal Investment Group LLC’s holdings in Coca-Cola were worth $1,003,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. ZRC Wealth Management LLC lifted its holdings in shares of Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the last quarter. Tidemark LLC bought a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new position in Coca-Cola during the fourth quarter worth $27,000. Criterion Capital Advisors LLC bought a new position in Coca-Cola during the fourth quarter valued at $30,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at $31,000. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Argus upped 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. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI upped their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays lifted their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Insider Activity

In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the sale, the insider now owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the sale, the insider now directly owns 218,880 shares in the company, valued at $13,644,979.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the completion of the transaction, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The disclosure for this sale can be found here. Insiders have sold a total of 223,665 shares of company stock worth $13,995,465 over the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Stock Down 0.6 %

Shares of NYSE:KO traded down $0.41 on Monday, reaching $63.24. The company had a trading volume of 5,966,976 shares, compared to its average volume of 13,068,504. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The firm’s 50 day simple moving average is $62.72 and its 200-day simple moving average is $60.78. The firm has a market capitalization of $272.44 billion, a PE ratio of 25.40, a PEG ratio of 3.60 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm 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 dividend of $0.485 per share. 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 3.07%. Coca-Cola’s payout ratio 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.