Duff & Phelps Investment Management Co. Boosts Stake in The Coca-Cola Co (NYSE:KO)

Duff & Phelps Investment Management Co. lifted its position in shares of The Coca-Cola Co (NYSE:KO) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,980 shares of the company’s stock after acquiring an additional 560 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in The Coca-Cola were worth $2,138,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KO. Arbor Wealth Management LLC lifted its stake in The Coca-Cola by 13.2% in the 2nd quarter. Arbor Wealth Management LLC now owns 1,706 shares of the company’s stock worth $87,000 after purchasing an additional 199 shares in the last quarter. Investment Partners LTD. lifted its stake in The Coca-Cola by 1.0% in the 2nd quarter. Investment Partners LTD. now owns 20,577 shares of the company’s stock worth $1,048,000 after purchasing an additional 202 shares in the last quarter. Centerpoint Advisors LLC lifted its stake in The Coca-Cola by 13.3% in the 2nd quarter. Centerpoint Advisors LLC now owns 1,734 shares of the company’s stock worth $88,000 after purchasing an additional 203 shares in the last quarter. Paulson Wealth Management Inc. lifted its stake in The Coca-Cola by 3.2% in the 1st quarter. Paulson Wealth Management Inc. now owns 6,622 shares of the company’s stock worth $310,000 after purchasing an additional 208 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its stake in The Coca-Cola by 1.1% in the 2nd quarter. Essex Financial Services Inc. now owns 19,356 shares of the company’s stock worth $986,000 after purchasing an additional 213 shares in the last quarter. 66.69% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Beatriz R. Perez sold 14,000 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, July 23rd. The shares were 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 owns 108,457 shares in the company, valued at approximately $5,791,603.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Edward Long sold 30,412 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $49.97, for a total transaction of $1,519,687.64. Following the completion of the sale, the senior vice president now owns 57,538 shares of the company’s stock, valued at approximately $2,875,173.86. The disclosure for this sale can be found here. Insiders have sold a total of 318,761 shares of company stock valued at $16,182,125 in the last 90 days. Insiders own 1.33% of the company’s stock.

Shares of NYSE KO traded up $0.54 during midday trading on Friday, reaching $54.41. 13,804,500 shares of the stock were exchanged, compared to its average volume of 14,697,970. The company has a 50 day simple moving average of $52.54 and a 200 day simple moving average of $49.11. The stock has a market capitalization of $226.59 billion, a P/E ratio of 26.16, a PEG ratio of 3.68 and a beta of 0.48. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83. The Coca-Cola Co has a twelve month low of $44.25 and a twelve month high of $54.82.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. On average, research analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.94%. The Coca-Cola’s dividend payout ratio is currently 76.92%.

A number of research firms have weighed in on KO. Barclays set a $54.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Thursday, May 16th. SunTrust Banks raised their target price on shares of The Coca-Cola to $60.00 and gave the stock a “positive” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on shares of The Coca-Cola from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. BMO Capital Markets raised their target price on shares of The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Finally, HSBC reissued a “neutral” rating and issued a $52.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The Coca-Cola has an average rating of “Buy” and a consensus price target of $54.10.

The Coca-Cola Company Profile

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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