The Coca-Cola Company (NYSE:KO) Shares Acquired by D Orazio & Associates Inc.

D Orazio & Associates Inc. increased its position in The Coca-Cola Company (NYSE:KO) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,226 shares of the company’s stock after acquiring an additional 1,372 shares during the period. D Orazio & Associates Inc.’s holdings in Coca-Cola were worth $876,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Tallon Kerry Patrick purchased a new position in Coca-Cola in the fourth quarter valued at about $241,000. Brighton Jones LLC grew its stake in shares of Coca-Cola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Coca-Cola in the fourth quarter worth about $24,472,000. Revolve Wealth Partners LLC grew its stake in Coca-Cola by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after purchasing an additional 293 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in Coca-Cola by 19.1% in the fourth quarter. Root Financial Partners LLC now owns 5,617 shares of the company’s stock worth $350,000 after purchasing an additional 902 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In related news, EVP Beatriz R. Perez sold 60,326 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $71.87, for a total value of $4,335,629.62. Following the sale, the executive vice president now owns 187,716 shares in the company, valued at $13,491,148.92. This represents a 24.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Murphy sold 88,658 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the completion of the sale, the chief financial officer now owns 205,511 shares in the company, valued at $14,815,287.99. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 415,387 shares of company stock worth $29,923,985. Corporate insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $81.00 target price on shares of Coca-Cola in a report on Monday, June 9th. UBS Group boosted their target price on Coca-Cola from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Royal Bank of Canada lifted their target price on Coca-Cola from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Barclays reiterated an “overweight” rating on shares of Coca-Cola in a research report on Thursday, March 27th. Finally, Piper Sandler lifted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola has a consensus rating of “Buy” and an average target price of $76.00.

Coca-Cola Trading Down 1.8%

Shares of NYSE:KO opened at $70.94 on Friday. The company has a 50-day simple moving average of $71.56 and a 200 day simple moving average of $67.87. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The company has a market capitalization of $305.36 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 3.79 and a beta of 0.46. The Coca-Cola Company has a 52-week low of $60.62 and a 52-week high of $74.38.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The company had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Sell-side analysts forecast that The Coca-Cola Company will post 2.96 earnings per share for the current year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. Coca-Cola’s payout ratio is presently 81.60%.

About Coca-Cola

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.