Stephens Inc. AR increased its holdings in shares of The Coca-Cola Co (NYSE:KO) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,922 shares of the company’s stock after purchasing an additional 34,986 shares during the quarter. Stephens Inc. AR’s holdings in The Coca-Cola were worth $23,877,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in KO. Prime Capital Investment Advisors LLC purchased a new stake in shares of The Coca-Cola during the first quarter worth about $28,000. Orrstown Financial Services Inc. grew its holdings in The Coca-Cola by 230.8% during the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after buying an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in The Coca-Cola during the 1st quarter valued at approximately $35,000. Canton Hathaway LLC grew its holdings in The Coca-Cola by 83.5% during the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after buying an additional 430 shares in the last quarter. Finally, PRW Wealth Management LLC purchased a new position in The Coca-Cola during the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 66.69% of the company’s stock.
In other news, insider James L. Dinkins sold 45,875 shares of The Coca-Cola stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $53.26, for a total value of $2,443,302.50. Following the completion of the transaction, the insider now owns 95,101 shares in the company, valued at approximately $5,065,079.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Beatriz R. Perez sold 14,094 shares of The Coca-Cola stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $49.50, for a total value of $697,653.00. Following the completion of the transaction, the senior vice president now owns 108,551 shares of the company’s stock, valued at approximately $5,373,274.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 332,855 shares of company stock valued at $16,879,778. Company insiders own 1.33% of the company’s stock.
Shares of The Coca-Cola stock traded up $0.57 on Wednesday, reaching $53.78. The company had a trading volume of 3,934,317 shares, compared to its average volume of 13,998,860. The firm has a market capitalization of $228.43 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 3.71 and a beta of 0.48. 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 firm’s 50-day simple moving average is $52.39. The Coca-Cola Co has a 1 year low of $44.25 and a 1 year high of $54.82.
The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The firm had revenue of $10 billion during 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 company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. Equities analysts expect that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.
KO has been the subject of several research analyst reports. SunTrust Banks raised their price target on The Coca-Cola to $60.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. Morgan Stanley restated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a report on Wednesday, July 31st. UBS Group raised their price target on The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. HSBC restated a “neutral” rating and set a $52.00 price target on shares of The Coca-Cola in a report on Wednesday, July 24th. Finally, Barclays set a $54.00 price target on The Coca-Cola and gave the company a “buy” rating in a report on Thursday, May 16th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price 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 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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