Fi3 FINANCIAL ADVISORS LLC Invests $267,000 in The Coca-Cola Company (NYSE:KO)

Fi3 FINANCIAL ADVISORS LLC purchased a new stake in The Coca-Cola Company (NYSE:KO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,538 shares of the company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Fisher Asset Management LLC raised its position in shares of Coca-Cola by 11,138.6% in the fourth quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock valued at $293,343,000 after buying an additional 4,933,527 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Coca-Cola by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 63,138,970 shares of the company’s stock worth $3,501,789,000 after purchasing an additional 2,464,618 shares in the last quarter. Northern Trust Corp increased its position in shares of Coca-Cola by 4.8% in the third quarter. Northern Trust Corp now owns 44,913,068 shares of the company’s stock worth $2,514,234,000 after purchasing an additional 2,040,664 shares during the period. Invesco Ltd. raised its stake in Coca-Cola by 8.2% in the third quarter. Invesco Ltd. now owns 25,845,340 shares of the company’s stock valued at $1,446,822,000 after purchasing an additional 1,963,963 shares in the last quarter. Finally, Morgan Stanley lifted its position in Coca-Cola by 2.5% during the third quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock worth $4,503,484,000 after purchasing an additional 1,950,146 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Trading Up 0.3 %

Shares of KO traded up $0.18 during mid-day trading on Friday, reaching $62.17. 11,628,675 shares of the company were exchanged, compared to its average volume of 13,782,690. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.95 and a current ratio of 1.04. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.25. The business has a 50 day simple moving average of $60.24 and a two-hundred day simple moving average of $59.12. The stock has a market capitalization of $268.03 billion, a PE ratio of 24.87, a PEG ratio of 3.54 and a beta of 0.57.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. On average, analysts predict that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, June 14th. Coca-Cola’s payout ratio is 77.60%.

Analysts Set New Price Targets

Several brokerages have recently commented on KO. Citigroup boosted their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. lifted their target price on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI increased their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group upped their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays raised their price objective on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.27.

Insider Buying and Selling

In related news, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nancy Quan sold 57,368 shares of Coca-Cola stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The disclosure for this sale can be found here. Insiders have sold a total of 323,107 shares of company stock worth $19,657,742 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

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.