Bell & Brown Wealth Advisors LLC grew its position in The Coca-Cola Co (NYSE:KO) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,005 shares of the company’s stock after purchasing an additional 551 shares during the period. Bell & Brown Wealth Advisors LLC’s holdings in The Coca-Cola were worth $1,194,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Verity Asset Management Inc. boosted its stake in shares of The Coca-Cola by 1.7% in the second quarter. Verity Asset Management Inc. now owns 11,218 shares of the company’s stock worth $571,000 after buying an additional 192 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of The Coca-Cola by 1.2% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,168 shares of the company’s stock worth $935,000 after buying an additional 197 shares during the last quarter. Arbor Wealth Management LLC boosted its stake in shares of The Coca-Cola by 13.2% in the second quarter. Arbor Wealth Management LLC now owns 1,706 shares of the company’s stock worth $87,000 after buying an additional 199 shares during the last quarter. Bluestein R H & Co. boosted its stake in shares of The Coca-Cola by 3.5% in the second quarter. Bluestein R H & Co. now owns 5,915 shares of the company’s stock worth $301,000 after buying an additional 200 shares during the last quarter. Finally, Investment Partners LTD. boosted its stake in shares of The Coca-Cola by 1.0% in the second quarter. Investment Partners LTD. now owns 20,577 shares of the company’s stock worth $1,048,000 after buying an additional 202 shares during the last quarter. 67.48% of the stock is currently owned by institutional investors and hedge funds.
KO has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. ValuEngine downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Atlantic Securities initiated coverage on The Coca-Cola in a research report on Monday, July 29th. They set an “overweight” rating and a $62.00 price target on the stock. SunTrust Banks increased their price target on The Coca-Cola to $60.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank increased their price target on The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $54.26.
In other news, SVP Lisa Chang bought 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the transaction, the senior vice president now directly owns 5,448 shares in the company, valued at approximately $290,051.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Francisco Crespo sold 130,637 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $55.15, for a total value of $7,204,630.55. Following the completion of the transaction, the senior vice president now owns 139,975 shares in the company, valued at approximately $7,719,621.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 429,638 shares of company stock worth $23,411,372. Company insiders own 1.33% of the company’s stock.
Shares of NYSE KO traded up $0.25 during midday trading on Wednesday, hitting $53.83. The stock had a trading volume of 7,128,766 shares, compared to its average volume of 13,449,007. The company has a market capitalization of $233.21 billion, a PE ratio of 25.88, a P/E/G ratio of 3.79 and a beta of 0.45. The stock has a 50 day simple moving average of $54.41 and a 200-day simple moving average of $51.14. The Coca-Cola Co has a 1 year low of $44.25 and a 1 year high of $55.92. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44.
The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. As a group, analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.60 annualized dividend and a dividend yield of 2.97%. The Coca-Cola’s dividend payout ratio (DPR) is presently 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 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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