The Coca-Cola Company (NYSE:KO) Stock Holdings Increased by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA grew its position in shares of The Coca-Cola Company (NYSE:KO) by 8.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 9,325 shares of the company’s stock after buying an additional 750 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Coca-Cola were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Focus Financial Network Inc. ADV bought a new position in Coca-Cola during the fourth quarter worth $3,255,000. Swedbank AB bought a new position in shares of Coca-Cola in the 1st quarter worth about $102,604,000. Angeles Investment Advisors LLC boosted its holdings in shares of Coca-Cola by 2.4% in the 4th quarter. Angeles Investment Advisors LLC now owns 15,812 shares of the company’s stock valued at $932,000 after buying an additional 374 shares during the period. Wealth Quarterback LLC grew its position in shares of Coca-Cola by 3.2% during the 4th quarter. Wealth Quarterback LLC now owns 17,454 shares of the company’s stock valued at $1,029,000 after buying an additional 537 shares during the last quarter. Finally, BDF Gestion acquired a new stake in Coca-Cola during the second quarter worth about $7,421,000. Institutional investors own 70.26% of the company’s stock.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now owns 223,330 shares of the company’s stock, valued at $15,968,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Nancy Quan sold 18,484 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lisa Chang sold 58,122 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total value of $3,981,938.22. Following the sale, the executive vice president now owns 74,067 shares in the company, valued at approximately $5,074,330.17. The disclosure for this sale can be found here. Insiders sold a total of 974,715 shares of company stock valued at $579,704,927 over the last ninety days. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

Shares of NYSE KO opened at $71.76 on Thursday. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $73.53. The firm has a market cap of $309.14 billion, a P/E ratio of 28.70, a PEG ratio of 3.93 and a beta of 0.60. The stock has a fifty day moving average price of $68.83 and a two-hundred day moving average price of $64.18. 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) last announced its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.78 billion. During the same quarter last year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.70%. Coca-Cola’s payout ratio is currently 77.60%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KO. Royal Bank of Canada boosted their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Citigroup increased their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Truist Financial lifted their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.07.

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.