Jackson Wealth Management LLC Purchases 23,365 Shares of The Coca-Cola Company (NYSE:KO)

Jackson Wealth Management LLC lifted its position in The Coca-Cola Company (NYSE:KO) by 74.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 54,632 shares of the company’s stock after purchasing an additional 23,365 shares during the period. Jackson Wealth Management LLC’s holdings in Coca-Cola were worth $3,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its position in shares of Coca-Cola by 67.4% in the 1st quarter. Brookstone Capital Management now owns 78,799 shares of the company’s stock worth $4,821,000 after purchasing an additional 31,740 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Coca-Cola in the 1st quarter worth about $126,000. Key Client Fiduciary Advisors LLC increased its holdings in Coca-Cola by 59.8% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 6,862 shares of the company’s stock worth $420,000 after buying an additional 2,567 shares in the last quarter. Aspiriant LLC increased its holdings in Coca-Cola by 1.7% in the 1st quarter. Aspiriant LLC now owns 14,659 shares of the company’s stock worth $897,000 after buying an additional 249 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in Coca-Cola by 14.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 38,634 shares of the company’s stock worth $2,364,000 after buying an additional 4,754 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on KO shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Coca-Cola from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Truist Financial boosted their price objective on Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. TD Cowen boosted their price target on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.87.

Insider Buying and Selling

In related news, EVP Nancy Quan sold 18,482 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $15,398,603.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Coca-Cola news, EVP Nancy Quan sold 18,482 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $68.95, for a total value of $1,274,333.90. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,398,603.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Quincey sold 102,533 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total value of $7,179,360.66. Following the completion of the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 356,792 shares of company stock worth $24,728,364 in the last three months. 0.97% of the stock is owned by insiders.

Coca-Cola Trading Down 0.8 %

Coca-Cola stock traded down $0.55 during mid-day trading on Thursday, hitting $67.46. The company’s stock had a trading volume of 3,867,049 shares, compared to its average volume of 13,196,854. The company has a 50 day moving average of $70.74 and a 200-day moving average of $65.96. The stock has a market cap of $290.61 billion, a PE ratio of 26.98, a P/E/G ratio of 3.92 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a one year low of $55.10 and a one year high of $73.53.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. On average, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

About Coca-Cola

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.