Joule Financial LLC Buys 221 Shares of The Coca-Cola Company (NYSE:KO)

Joule Financial LLC raised its position in The Coca-Cola Company (NYSE:KO) by 4.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,088 shares of the company’s stock after purchasing an additional 221 shares during the period. Joule Financial LLC’s holdings in Coca-Cola were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. New Millennium Group LLC acquired a new stake in Coca-Cola during the second quarter valued at approximately $26,000. Quarry LP acquired a new position in Coca-Cola during the second quarter worth $27,000. ESL Trust Services LLC bought a new position in shares of Coca-Cola during the first quarter valued at $28,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Coca-Cola in the 1st quarter valued at $28,000. Finally, DiNuzzo Private Wealth Inc. grew its holdings in shares of Coca-Cola by 65.0% in the 1st quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock worth $32,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling

In other news, EVP Nancy Quan sold 18,482 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $15,398,603.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Nancy Quan sold 18,482 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at $15,398,603.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa Chang sold 58,122 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total transaction of $3,981,938.22. Following the sale, the executive vice president now owns 74,067 shares in the company, valued at approximately $5,074,330.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 356,792 shares of company stock valued at $24,728,364. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. TD Cowen boosted their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Morgan Stanley increased their price target on Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. Barclays boosted their price objective on Coca-Cola from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Royal Bank of Canada increased their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, BNP Paribas assumed coverage on shares of Coca-Cola in a research note on Monday, June 24th. They issued an “outperform” rating and a $72.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Coca-Cola Trading Up 0.3 %

NYSE:KO traded up $0.21 during mid-day trading on Friday, hitting $70.11. The company had a trading volume of 4,407,590 shares, compared to its average volume of 13,112,710. The firm has a market cap of $302.03 billion, a P/E ratio of 27.95, a P/E/G ratio of 3.92 and a beta of 0.60. The Coca-Cola Company has a fifty-two week low of $53.86 and a fifty-two week high of $73.53. The business’s fifty day moving average is $70.67 and its two-hundred day moving average is $65.65. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share 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 for the quarter, compared to analyst estimates of $11.78 billion. During the same quarter last year, the firm earned $0.78 EPS. Coca-Cola’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Friday, September 13th. Coca-Cola’s dividend payout ratio is currently 77.60%.

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.