Strategic Financial Services Inc Invests $268,000 in The Coca-Cola Co (KO)

Strategic Financial Services Inc acquired a new position in The Coca-Cola Co (NYSE:KO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,650 shares of the company’s stock, valued at approximately $268,000.

A number of other large investors have also modified their holdings of KO. Transamerica Financial Advisors Inc. increased its position in shares of The Coca-Cola by 567.7% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock valued at $41,000 after acquiring an additional 721 shares during the period. Financial Gravity Companies Inc. acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $45,000. Cordasco Financial Network increased its position in shares of The Coca-Cola by 26.1% in the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after acquiring an additional 214 shares during the period. Country Trust Bank increased its position in shares of The Coca-Cola by 2,506.7% in the 4th quarter. Country Trust Bank now owns 1,173 shares of the company’s stock valued at $56,000 after acquiring an additional 1,128 shares during the period. Finally, Financial Advantage Inc. acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $59,000. 67.86% of the stock is owned by institutional investors.

Several equities research analysts have commented on KO shares. Credit Suisse Group started coverage on shares of The Coca-Cola in a report on Wednesday, March 6th. They issued a “neutral” rating and a $48.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $51.00 price target on shares of The Coca-Cola in a report on Thursday, February 14th. ValuEngine lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $47.00 price target on shares of The Coca-Cola in a report on Thursday, February 14th. Finally, Citigroup lowered shares of The Coca-Cola from a “buy” rating to a “neutral” rating and lowered their price target for the company from $56.00 to $50.00 in a report on Thursday, February 14th. Sixteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $50.75.

In related news, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $48.50, for a total value of $485,000.00. Following the transaction, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at approximately $4,493,282.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the transaction, the insider now directly owns 92,645 shares in the company, valued at $4,517,370.20. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Shares of KO stock traded down $0.14 during mid-day trading on Thursday, hitting $47.84. 11,281,287 shares of the stock were exchanged, compared to its average volume of 15,740,505. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 1.48. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $50.84. The firm has a market cap of $205.66 billion, a P/E ratio of 23.00, a PEG ratio of 3.24 and a beta of 0.52.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $7.89 billion. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. On average, analysts anticipate that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.34%. The Coca-Cola’s dividend payout ratio is presently 76.92%.

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About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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