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Kiley Juergens Wealth Management LLC buys 10,464 shares of The Coca-Cola Company (NYSE: KO)


Kiley Juergens Wealth Management LLC acquired a new equity position in The Coca-Cola Company (NYSE: KOGet a rating) during Q1, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,464 shares of the company, valued at around $649,000.

Several other hedge funds have also recently changed their holdings in the company. Curi Wealth Management LLC bought a new position in Coca-Cola during the fourth quarter worth $25,000. Shore Point Advisors LLC acquired a new position in Coca-Cola in Q4 worth approximately $28,000. Delos Wealth Advisors LLC increased its holdings in Coca-Cola by 4,770.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company valued at $29,000 after acquiring an additional 477 shares during the period. Horan Securities Inc. acquired a new stake in Coca-Cola during the fourth quarter worth approximately $32,000. Finally, Leverty Financial Group LLC purchased a new equity stake in Coca-Cola during the fourth quarter worth approximately $35,000. 68.51% of the shares are currently held by institutional investors.

Shares of NYSE: KO opened at $63.14 on Monday. The Coca-Cola Company has a 52-week low of $52.28 and a 52-week high of $67.20. The company has a market capitalization of $273.71 billion, a PE ratio of 26.53, a growth price-earnings ratio of 3.67 and a beta of 0.55. The company has a debt ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.18. The company has a fifty-day moving average of $62.90 and a 200-day moving average of $62.03.

Coca Cola (NYSE: KOGet a rating) last released its results on Monday, April 25. The company reported earnings per share (EPS) of $0.64 for the quarter, beating analyst consensus estimates of $0.58 by $0.06. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The company posted revenue of $10.50 billion in the quarter, compared to $9.83 billion expected by analysts. The company’s revenue for the quarter increased by 16.7% compared to the same quarter last year. During the same quarter of the previous year, the company achieved EPS of $0.55. On average, stock analysts expect The Coca-Cola Company to post EPS of 2.46 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 1. Shareholders of record on Wednesday, June 15 received a dividend of $0.44 per share. This represents a dividend of $1.76 on an annualized basis and a yield of 2.79%. The ex-dividend date was Tuesday, June 14. Coca-Cola’s payout ratio is 73.95%.

Several analysts have recently released reports on knockout actions. HSBC raised its price target on Coca-Cola from $68.00 to $72.00 and gave the company a “buy” rating in a Tuesday, April 26 research note. Barclays set a price target of $74.00 on Coca-Cola shares in a research note on Wednesday, April 27. Credit Suisse Group set a target price of $68.00 on Coca-Cola shares in a research report on Friday, May 13. Deutsche Bank Aktiengesellschaft raised its price target on Coca-Cola shares from $62.00 to $64.00 and gave the company a “holding” rating in a Tuesday, April 26 research report. Finally, Cowen raised its price target on Coca-Cola from $65.00 to $68.00 and gave the stock a “market performance” rating in a Tuesday, April 26 research note. Six analysts gave the stock a hold rating and twelve gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.05.

In other news, Insider Nikolaos Koumettis sold 153,466 shares of the company in a transaction that took place on Monday, April 18. The shares were sold at an average price of $65.03, for a total value of $9,979,893.98. Following the transaction, the insider now owns 136,513 shares of the company, valued at approximately $8,877,440.39. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, please Nancy Quan sold 35,335 shares of the company in a trade on Thursday, April 14. The shares were sold at an average price of $65.05, for a total transaction of $2,298,541.75. Following the completion of the sale, the Senior Vice President now directly owns 198,456 shares of the company, valued at $12,909,562.80. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 368,525 shares of the company valued at $24,001,864. Company insiders own 0.98% of the company’s shares.

Coca-Cola Profile (Get a rating)

The Coca-Cola Company, a beverage company, manufactures, markets and sells various non-alcoholic beverages worldwide. The company offers sparkling soft drinks; flavored and enhanced waters and sports drinks; plant-based juices, dairy products and beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

See also

Institutional ownership by quarter for Coca-Cola (NYSE: KO)



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