Capital Advisors Ltd. LLC Purchases 495 Shares of The Coca-Cola Company (NYSE:KO)

Capital Advisors Ltd. LLC boosted its position in The Coca-Cola Company (NYSE:KO) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,393 shares of the company’s stock after acquiring an additional 495 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Coca-Cola were worth $200,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. ZRC Wealth Management LLC boosted its position in Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after buying an additional 320 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in Coca-Cola in the fourth quarter valued at approximately $30,000. Financial Connections Group Inc. acquired a new stake in Coca-Cola in the fourth quarter valued at approximately $38,000. Avion Wealth boosted its position in Coca-Cola by 64.8% in the fourth quarter. Avion Wealth now owns 819 shares of the company’s stock valued at $48,000 after buying an additional 322 shares in the last quarter. Finally, Clear Investment Research LLC boosted its position in Coca-Cola by 36.1% in the third quarter. Clear Investment Research LLC now owns 928 shares of the company’s stock valued at $52,000 after buying an additional 246 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Coca-Cola Trading Up 0.4 %

NYSE KO traded up $0.26 during mid-day trading on Thursday, reaching $61.81. 9,038,111 shares of the stock were exchanged, compared to its average volume of 13,904,693. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.69. The stock has a 50 day simple moving average of $60.02 and a 200-day simple moving average of $58.74. The stock has a market cap of $266.47 billion, a P/E ratio of 24.98, a P/E/G ratio of 3.46 and a beta of 0.59. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm earned $0.45 earnings per share. Coca-Cola’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.485 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, March 14th. Coca-Cola’s payout ratio is 78.23%.

Analysts Set New Price Targets

KO has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, Citigroup lifted their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and six have given a 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 $67.09.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares of the company’s stock, valued at $26,968,753.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,407 shares of company stock valued at $22,795,742. Corporate insiders own 0.97% of the company’s stock.

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.