Norden Group LLC Acquires 928 Shares of The Coca-Cola Company (NYSE:KO)

Norden Group LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,820 shares of the company’s stock after purchasing an additional 928 shares during the period. Norden Group LLC’s holdings in Coca-Cola were worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KO. Gilbert & Cook Inc. grew its holdings in shares of Coca-Cola by 5.6% during the fourth quarter. Gilbert & Cook Inc. now owns 15,971 shares of the company’s stock worth $941,000 after purchasing an additional 841 shares during the last quarter. Accretive Wealth Partners LLC grew its holdings in shares of Coca-Cola by 1.4% during the fourth quarter. Accretive Wealth Partners LLC now owns 25,843 shares of the company’s stock worth $1,523,000 after purchasing an additional 351 shares during the last quarter. Aveo Capital Partners LLC grew its holdings in shares of Coca-Cola by 13.9% during the fourth quarter. Aveo Capital Partners LLC now owns 9,709 shares of the company’s stock worth $572,000 after purchasing an additional 1,182 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Coca-Cola by 72.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 17,973 shares of the company’s stock worth $1,034,000 after acquiring an additional 7,521 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Coca-Cola by 453.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 38,233 shares of the company’s stock worth $2,253,000 after acquiring an additional 31,319 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Coca-Cola news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total value of $1,224,645.76. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $14,168,055.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bruno Pietracci sold 38,653 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The disclosure for this sale can be found here. Insiders sold a total of 1,074,910 shares of company stock valued at $585,972,318 in the last ninety days. 0.97% of the stock is currently owned by insiders.

Coca-Cola Stock Down 0.0 %

NYSE KO traded down $0.03 on Friday, reaching $71.14. The company had a trading volume of 17,485,707 shares, compared to its average volume of 13,186,163. The stock has a market capitalization of $306.47 billion, a P/E ratio of 28.46, a P/E/G ratio of 4.05 and a beta of 0.60. The company’s fifty day moving average is $67.48 and its 200 day moving average is $63.54. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $73.53. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $11.78 billion. During the same period in the prior year, the firm posted $0.78 EPS. Coca-Cola’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share 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. Stockholders of record on Friday, September 13th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, September 13th. Coca-Cola’s dividend payout ratio is presently 77.60%.

Analysts Set New Price Targets

A number of research firms recently commented on KO. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Bank of America boosted their price target on Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Truist Financial boosted their price target on Coca-Cola from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Citigroup upped their target price on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.73.

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.