Koss Olinger Consulting LLC Purchases 2,381 Shares of The Coca-Cola Company (NYSE:KO)

Koss Olinger Consulting LLC grew its position in The Coca-Cola Company (NYSE:KO) by 8.9% in the second quarter, Holdings Channel reports. The fund owned 29,277 shares of the company’s stock after acquiring an additional 2,381 shares during the quarter. Koss Olinger Consulting LLC’s holdings in The Coca-Cola were worth $1,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Element Wealth LLC grew its position in shares of The Coca-Cola by 3.7% during the 2nd quarter. Element Wealth LLC now owns 5,291 shares of the company’s stock valued at $286,000 after purchasing an additional 188 shares in the last quarter. Harbor Financial Services LLC grew its position in The Coca-Cola by 2.9% in the first quarter. Harbor Financial Services LLC now owns 6,721 shares of the company’s stock worth $354,000 after acquiring an additional 189 shares in the last quarter. Kingsview Wealth Management LLC grew its position in The Coca-Cola by 0.4% in the first quarter. Kingsview Wealth Management LLC now owns 48,571 shares of the company’s stock worth $2,550,000 after acquiring an additional 194 shares in the last quarter. Bragg Financial Advisors Inc grew its position in The Coca-Cola by 0.5% in the first quarter. Bragg Financial Advisors Inc now owns 42,247 shares of the company’s stock worth $2,227,000 after acquiring an additional 195 shares in the last quarter. Finally, Cassia Capital Partners LLC grew its position in The Coca-Cola by 5.2% in the first quarter. Cassia Capital Partners LLC now owns 3,933 shares of the company’s stock worth $207,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 66.67% of the company’s stock.

Shares of KO stock traded down $0.30 during trading hours on Monday, reaching $54.14. 244,331 shares of the stock were exchanged, compared to its average volume of 15,648,746. The Coca-Cola Company has a 12-month low of $47.30 and a 12-month high of $57.56. The company has a current ratio of 1.47, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average price is $56.35 and its 200-day moving average price is $54.66. The firm has a market capitalization of $233.43 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 20th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The Coca-Cola had a net margin of 22.19% and a return on equity of 44.17%. The firm had revenue of $10.10 billion during the quarter, compared to analysts’ expectations of $9.30 billion. During the same period in the previous year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. On average, sell-side analysts expect that The Coca-Cola Company will post 2.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Wednesday, September 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.68 dividend on an annualized basis and a yield of 3.10%. The Coca-Cola’s payout ratio is 86.15%.

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of The Coca-Cola from $57.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, July 16th. Morgan Stanley upped their price objective on shares of The Coca-Cola from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, July 22nd. Credit Suisse Group increased their price target on shares of The Coca-Cola from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, July 22nd. Bank of America increased their price target on shares of The Coca-Cola from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 22nd. Finally, Wells Fargo & Company increased their price target on shares of The Coca-Cola from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, July 22nd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $61.25.

In other news, SVP Nancy Quan sold 6,625 shares of the business’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $57.08, for a total value of $378,155.00. Following the completion of the sale, the senior vice president now owns 176,701 shares in the company, valued at approximately $10,086,093.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Randazza sold 31,652 shares of the business’s stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $57.01, for a total transaction of $1,804,480.52. Following the completion of the sale, the insider now owns 69,925 shares of the company’s stock, valued at approximately $3,986,424.25. The disclosure for this sale can be found here. Insiders have sold a total of 68,188 shares of company stock valued at $3,864,107 in the last quarter. 1.01% of the stock is currently owned by company insiders.

About The Coca-Cola

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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

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