Moreno Evelyn V Purchases 1,045 Shares of The Coca-Cola Co (NYSE:KO)

Moreno Evelyn V boosted its position in The Coca-Cola Co (NYSE:KO) by 0.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 124,735 shares of the company’s stock after purchasing an additional 1,045 shares during the period. The Coca-Cola comprises 1.9% of Moreno Evelyn V’s investment portfolio, making the stock its 28th biggest position. Moreno Evelyn V’s holdings in The Coca-Cola were worth $6,351,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Sigma Planning Corp grew its position in The Coca-Cola by 4.7% in the 2nd quarter. Sigma Planning Corp now owns 85,765 shares of the company’s stock worth $4,367,000 after purchasing an additional 3,862 shares in the last quarter. Kavar Capital Partners LLC boosted its stake in The Coca-Cola by 4.0% in the second quarter. Kavar Capital Partners LLC now owns 40,722 shares of the company’s stock valued at $2,074,000 after acquiring an additional 1,550 shares during the last quarter. Redmond Asset Management LLC boosted its stake in The Coca-Cola by 3.6% in the second quarter. Redmond Asset Management LLC now owns 11,652 shares of the company’s stock valued at $593,000 after acquiring an additional 400 shares during the last quarter. Rosenbaum Jay D. boosted its stake in The Coca-Cola by 3.9% in the second quarter. Rosenbaum Jay D. now owns 16,174 shares of the company’s stock valued at $823,000 after acquiring an additional 600 shares during the last quarter. Finally, Watch Point Trust Co boosted its stake in The Coca-Cola by 19.0% in the second quarter. Watch Point Trust Co now owns 62,405 shares of the company’s stock valued at $3,178,000 after acquiring an additional 9,980 shares during the last quarter. 66.69% of the stock is owned by institutional investors and hedge funds.

In other The Coca-Cola news, SVP Beatriz R. Perez sold 14,000 shares of the 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 sale, the senior vice president now directly owns 108,457 shares in the company, valued at approximately $5,791,603.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James L. Dinkins sold 45,875 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $53.26, for a total transaction of $2,443,302.50. Following the completion of the sale, the insider now owns 95,101 shares in the company, valued at $5,065,079.26. The disclosure for this sale can be found here. Insiders have sold a total of 318,761 shares of company stock worth $16,182,125 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Shares of KO stock traded up $0.78 during trading on Thursday, reaching $53.77. 577,661 shares of the company’s stock traded hands, compared to its average volume of 14,180,490. The company has a market capitalization of $227.40 billion, a P/E ratio of 25.87, a P/E/G ratio of 3.70 and a beta of 0.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The stock has a 50-day moving average price of $52.43. 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 quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, beating the Zacks’ 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 net margin of 21.11% and a return on equity of 45.67%. The Coca-Cola’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. Equities research analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current year.

The firm 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s payout ratio is currently 76.92%.

A number of research firms have weighed in on KO. Bank of America reiterated a “buy” rating and issued a $60.00 target price (up from $55.00) on shares of The Coca-Cola in a research note on Wednesday, July 24th. HSBC reiterated a “neutral” rating and issued a $52.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. Morgan Stanley reiterated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 31st. Deutsche Bank boosted their target price on shares of The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Credit Suisse Group boosted their target price on shares of The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The Coca-Cola currently has a consensus rating of “Buy” and an average target price of $54.10.

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.

Read More: What is a death cross?

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.