Optimum Investment Advisors Has $90,000 Position in The Coca-Cola Company (NYSE:KO)

Optimum Investment Advisors increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 14.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,469 shares of the company’s stock after acquiring an additional 181 shares during the period. Optimum Investment Advisors’ holdings in Coca-Cola were worth $90,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Meyer Handelman Co. grew its position in shares of Coca-Cola by 22.9% during the 1st quarter. Meyer Handelman Co. now owns 293,873 shares of the company’s stock worth $17,979,000 after buying an additional 54,673 shares during the period. First Affirmative Financial Network grew its position in shares of Coca-Cola by 6.1% during the 1st quarter. First Affirmative Financial Network now owns 4,801 shares of the company’s stock worth $294,000 after buying an additional 275 shares during the period. RFG Advisory LLC grew its position in shares of Coca-Cola by 1.9% during the 1st quarter. RFG Advisory LLC now owns 70,872 shares of the company’s stock worth $4,336,000 after buying an additional 1,329 shares during the period. Shilanski & Associates Inc. grew its position in shares of Coca-Cola by 4.6% during the 1st quarter. Shilanski & Associates Inc. now owns 72,130 shares of the company’s stock worth $4,432,000 after buying an additional 3,187 shares during the period. Finally, BTC Capital Management Inc. acquired a new stake in shares of Coca-Cola during the 1st quarter worth approximately $269,000. 70.26% of the stock is owned by institutional investors.

Coca-Cola Stock Up 0.9 %

Coca-Cola stock opened at $62.77 on Friday. The stock has a market capitalization of $270.41 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.51 and a beta of 0.59. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.36. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average of $62.21 and a 200-day moving average of $60.60.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. On average, equities research analysts anticipate that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio is presently 77.60%.

Insider Transactions at Coca-Cola

In other news, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the sale, 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 223,665 shares of company stock valued at $13,995,465 over the last 90 days. 0.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Argus boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. UBS Group boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays boosted their price objective on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.55.

Coca-Cola Company 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.