Atomi Financial Group Inc. Increases Stock Position in The Coca-Cola Company (NYSE:KO)

Atomi Financial Group Inc. increased its position in The Coca-Cola Company (NYSE:KO) by 77.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,219 shares of the company’s stock after acquiring an additional 8,362 shares during the period. Atomi Financial Group Inc.’s holdings in Coca-Cola were worth $1,176,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in KO. Patrick M Sweeney & Associates Inc. purchased a new stake in shares of Coca-Cola in the 4th quarter worth $410,000. Beacon Pointe Advisors LLC increased 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 worth $26,549,000 after purchasing an additional 89,139 shares in the last quarter. Birchcreek Wealth Management LLC increased its stake in shares of Coca-Cola by 12.6% in the 4th quarter. Birchcreek Wealth Management LLC now owns 4,539 shares of the company’s stock worth $267,000 after purchasing an additional 507 shares in the last quarter. Smart Money Group LLC increased its stake in shares of Coca-Cola by 21.6% in the 4th quarter. Smart Money Group LLC now owns 4,932 shares of the company’s stock worth $291,000 after purchasing an additional 877 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of Coca-Cola by 3.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 46,470 shares of the company’s stock worth $2,738,000 after purchasing an additional 1,455 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coca-Cola

In other news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Coca-Cola news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction that occurred on 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 directly owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 822,284 shares of company stock valued at $567,718,040. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Trading Up 0.1 %

Coca-Cola stock traded up $0.08 during midday trading on Monday, reaching $63.78. The stock had a trading volume of 3,747,911 shares, compared to its average volume of 12,885,122. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The firm has a market cap of $274.76 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a fifty day moving average of $63.04 and a 200 day moving average of $61.12.

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

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KO shares. 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 report on Wednesday, May 1st. 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 report on Wednesday, July 10th. Morgan Stanley upped their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Argus upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

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.