Executive Wealth Management LLC decreased its position in The Coca-Cola Co (NYSE:KO) by 20.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,647 shares of the company’s stock after selling 427 shares during the quarter. Executive Wealth Management LLC’s holdings in The Coca-Cola were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Stephens Inc. AR lifted its position in The Coca-Cola by 8.1% in the 2nd quarter. Stephens Inc. AR now owns 468,922 shares of the company’s stock worth $23,877,000 after buying an additional 34,986 shares during the last quarter. Cohen Lawrence B lifted its position in The Coca-Cola by 5.3% in the 2nd quarter. Cohen Lawrence B now owns 43,883 shares of the company’s stock worth $2,234,000 after buying an additional 2,195 shares during the last quarter. Milestone Group Inc. lifted its position in The Coca-Cola by 17.5% in the 2nd quarter. Milestone Group Inc. now owns 6,859 shares of the company’s stock worth $349,000 after buying an additional 1,024 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in The Coca-Cola by 13.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,579,554 shares of the company’s stock worth $183,460,000 after buying an additional 421,518 shares during the last quarter. Finally, Hayden Royal LLC lifted its position in The Coca-Cola by 2.5% in the second quarter. Hayden Royal LLC now owns 15,699 shares of the company’s stock valued at $815,000 after purchasing an additional 389 shares during the last quarter. Institutional investors own 66.69% of the company’s stock.
In related news, insider Francisco Crespo sold 125,948 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.00, for a total value of $6,297,400.00. Following the sale, the insider now directly owns 186,631 shares of the company’s stock, valued at $9,331,550. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Beatriz R. Perez sold 14,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total value of $747,600.00. Following the completion of the sale, the senior vice president now directly owns 108,457 shares in the company, valued at $5,791,603.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 318,761 shares of company stock worth $16,182,125. 1.33% of the stock is owned by insiders.
Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on The Coca-Cola from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Atlantic Securities assumed coverage on The Coca-Cola in a research report on Monday, July 29th. They issued an “overweight” rating and a $62.00 price objective for the company. Credit Suisse Group boosted their price objective on The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Bank of America reiterated a “buy” rating and issued a $60.00 price objective (up previously from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. Finally, Barclays set a $54.00 price objective on The Coca-Cola and gave the company a “buy” rating in a research report on Thursday, May 16th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The Coca-Cola presently has an average rating of “Buy” and an average price target of $54.10.
KO stock traded up $0.95 during midday trading on Thursday, hitting $53.94. The stock had a trading volume of 529,556 shares, compared to its average volume of 14,180,490. The stock has a market cap of $227.40 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 3.70 and a beta of 0.48. The stock’s 50-day moving average price is $52.43. The Coca-Cola Co has a 52-week low of $44.25 and a 52-week high of $54.82. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 1.44.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Equities research analysts expect that The Coca-Cola Co will post 2.1 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.60 annualized dividend and a yield of 2.97%. The Coca-Cola’s payout ratio is 76.92%.
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 plantbased 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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