Lake Street Advisors Group LLC Raises Stake in The Coca-Cola Company (NYSE:KO)

Lake Street Advisors Group LLC boosted its stake in The Coca-Cola Company (NYSE:KO – Free Report) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. (SEC). The fund owned 27,765 shares of the company’s stock after acquiring an additional 1,404 shares during the period. Lake Street Advisors Group LLC’s holdings in Coca-Cola were worth $1,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor OS LLC boosted its stake in shares of The Coca-Cola by 14.1% in the second quarter. Advisor OS LLC now owns 30,297 shares of the company’s stock valued at $1,928,000 after purchasing an additional 3,735 shares during the period. Savant Capital LLC boosted its stake in shares of The Coca-Cola by 5.2% in the second quarter. Savant Capital LLC now owns 558,156 shares of the company’s stock worth $35,527,000 after acquiring an additional 27,675 shares during the period. Flynn Zito Capital Management LLC boosted its stake in shares of The Coca-Cola by 14.8% in the second quarter. Flynn Zito Capital Management LLC now owns 14,920 shares of the company’s stock worth $950,000 after acquiring an additional 1,921 shares during the period. Private Advisor Group LLC boosted its stake in shares of The Coca-Cola by 7.9% in the second quarter. Private Advisor Group LLC now owns 332,274 shares of the company’s stock worth $21,149,000 after acquiring an additional 24,216 shares during the period. Finally, Addison Advisors LLC boosted its stake in shares of The Coca-Cola by 6.6% in the second quarter. Addison Advisors LLC now owns 8,853 shares of the company’s stock worth $563,000 after acquiring an additional 551 shares during the period. 70.26% of the shares are held by hedge funds and other institutional investors.

Coca-Cola trading down 0.0%

Shares of KO stock opened at $71.14 on Friday. The stock’s fifty day moving average price is $67.48 and its two hundred day moving average price is $63.56. The company has a market cap of $306.47 billion, a PE ratio of 28.46, a P/E/G ratio of 4.05 and a beta of 0.60. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $73.53. 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 – Get Free Report ) last announced its earnings results 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. The business had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. Coca-Cola’s revenue for the quarter was up 3.3% compared to the same quarter last year. In the same period last year, the company earned $0.78 EPS. equities analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola announces dividends

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, September 13. This represents an annualized dividend of $1.94 and a dividend yield of 2.73%. Coca-Cola’s dividend payout ratio is currently 77.60%.

The Wall Street analyst weighs in

Several research analysts have weighed in on KO shares. Morgan Stanley upped their target price on shares of The Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. Barclays upped their target price on shares of The Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Argus upped their target price on shares of The Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Wells Fargo & Company upped their target price on shares of The Coca-Cola from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, BNP Paribas started coverage on shares of The Coca-Cola in a research note on Monday, June 24th. They set an “outperform” rating and a $72.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The Coca-Cola currently has an average rating of “Moderate Buy” and an average target price of $70.73, according to MarketBeat .

Check out our latest KO review

Indoor activity

In other news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $14,168,055.20. The sale was disclosed in a filing with the SEC, which is accessible via this link. In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $14,168,055.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola 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 transaction, the insider now directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,074,910 shares of company stock worth $585,972,318 over the past three months. Company insiders own 0.97% of the company’s shares.

Coca-Cola Company Profile

(Free report)

The Coca-Cola Company, a beverage company, manufactures, markets and sells various non-alcoholic beverages worldwide. The company offers sparkling soft drinks, sparkling flavors; water, sports, coffee and tea; juices, value-added dairy and plant-based beverages; and other drinks. It also offers beverage concentrates and syrups as well as fountain syrups for retailers such as restaurants and convenience stores.

See Also

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