Heritage Oak Wealth Advisors LLC Acquires Shares of 7,939 The Coca-Cola Company (NYSE:KO)

Heritage Oak Wealth Advisors LLC purchased a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,939 shares of the company's stock, valued at approximately $505,000.

A number of other large investors also recently modified their holdings of the company. New Millennium Group LLC bought a new position in shares of Coca-Cola during the second quarter valued at $26,000. Quarry LP bought a new position in Coca-Cola during the 2nd quarter worth $27,000. Redmont Wealth Advisors LLC acquired a new position in Coca-Cola during the 1st quarter worth about $28,000. ESL Trust Services LLC bought a new stake in shares of Coca-Cola in the 1st quarter valued at about $28,000. Finally, DiNuzzo Private Wealth Inc. increased its stake in shares of Coca-Cola by 65.0% in the first quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company's stock valued at $32,000 after buying an additional 206 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insider Activity at Coca-Cola

In related news, major shareholder Cola Co Coca sold 598,619 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the transaction, the insider now owns 1,883,546 shares of the company's stock, valued at $1,742,280,050. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Nancy Quan sold 19,304 shares of the company's stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $64.96, for a total value of $1,253,987.84. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company's stock, valued at approximately $14,507,516.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The disclosure for this sale can be found here. Over the last quarter, insiders sold 974,715 shares of company stock valued at $579,704,927. Company insiders own 0.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KO shares. Bank of America increased their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. 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 note on Wednesday, July 24th. StockNews.com cut Coca-Cola from a "buy" rating to a "hold" rating in a research note on Friday, July 19th. BNP Paribas began coverage on Coca-Cola in a research note on Monday, June 24th. They issued an "outperform" rating and a $72.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola from $64.00 to $65.00 and gave the stock a "hold" rating in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $71.07.

Coca-Cola Stock Performance

Shares of KO stock traded down $0.07 on Tuesday, hitting $71.79. 6,860,368 shares of the stock were exchanged, compared to its average volume of 13,278,084. The firm has a market capitalization of $309.27 billion, a PE ratio of 29.07, a P/E/G ratio of 3.97 and a beta of 0.60. The Coca-Cola Company has a one year low of $51.55 and a one year high of $73.53. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The firm's 50 day moving average is $69.96 and its two-hundred day moving average is $64.85.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. Sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

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

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.