Empirical Asset Management LLC Buys 192 Shares of The Coca-Cola Company (NYSE:KO)

Empirical Asset Management LLC boosted its position in shares of The Coca-Cola Company (NYSE:KOFree Report) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,877 shares of the company’s stock after purchasing an additional 192 shares during the quarter. Empirical Asset Management LLC’s holdings in Coca-Cola were worth $925,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Coca-Cola news, EVP Nancy Quan sold 18,482 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the completion of the sale, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO James Quincey sold 42,397 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $70.02, for a total transaction of $2,968,637.94. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nancy Quan sold 18,482 shares of the 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 completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,398,603.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 376,096 shares of company stock worth $25,982,352. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE KO traded up $0.14 during mid-day trading on Monday, reaching $69.71. 891,419 shares of the company traded hands, compared to its average volume of 13,154,653. The Coca-Cola Company has a fifty-two week low of $52.84 and a fifty-two week high of $73.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market cap of $300.31 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60. The stock has a fifty day simple moving average of $70.51 and a 200-day simple moving average of $65.46.

Coca-Cola (NYSE:KOGet Free Report) last announced its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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 company had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, September 13th. Coca-Cola’s dividend payout ratio is presently 77.60%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Cfra restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th. Morgan Stanley boosted 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, Citigroup upped their price target on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.33.

Get Our Latest Stock Analysis on KO

Coca-Cola Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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