May Hill Capital LLC Has $464,000 Holdings in CocaCola Company (The) $KO

May Hill Capital LLC raised its holdings in shares of CocaCola Company (The) (NYSE:KO) by 20.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,562 shares of the company’s stock after acquiring an additional 1,131 shares during the quarter. May Hill Capital LLC’s holdings in CocaCola were worth $464,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New Republic Capital LLC grew its position in CocaCola by 1.6% during the first quarter. New Republic Capital LLC now owns 8,662 shares of the company’s stock valued at $625,000 after purchasing an additional 139 shares in the last quarter. Alteri Wealth LLC boosted its stake in shares of CocaCola by 2.1% during the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company’s stock valued at $492,000 after buying an additional 140 shares during the period. Requisite Capital Management LLC grew its holdings in shares of CocaCola by 2.8% during the 2nd quarter. Requisite Capital Management LLC now owns 5,285 shares of the company’s stock valued at $377,000 after acquiring an additional 142 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of CocaCola by 0.7% in the first quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company’s stock worth $1,439,000 after acquiring an additional 143 shares during the last quarter. Finally, MBA Advisors LLC raised its holdings in shares of CocaCola by 1.2% during the first quarter. MBA Advisors LLC now owns 12,443 shares of the company’s stock worth $891,000 after acquiring an additional 143 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Price Performance

Shares of NYSE:KO opened at $70.07 on Tuesday. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The business has a 50-day moving average of $67.83 and a two-hundred day moving average of $69.74. The stock has a market capitalization of $301.43 billion, a P/E ratio of 23.20, a P/E/G ratio of 3.64 and a beta of 0.43. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%.The company had revenue of $11.40 billion during the quarter. On average, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s payout ratio is currently 67.55%.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research reports. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the company an “outperform” rating in a research report on Monday, July 21st. Barclays reissued an “overweight” rating on shares of CocaCola in a research report on Thursday. TD Cowen lifted their price objective on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Evercore ISI reissued an “outperform” rating on shares of CocaCola in a research report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $78.31.

Insider Transactions at CocaCola

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the sale, the insider owned 209,513 shares of the company’s stock, valued at $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Max R. Levchin purchased 7,206 shares of CocaCola stock in a transaction on Friday, October 24th. The stock was bought at an average cost of $69.87 per share, with a total value of $503,483.22. Following the transaction, the director directly owned 14,267 shares of the company’s stock, valued at approximately $996,835.29. The trade was a 102.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.90% of the stock is owned by insiders.

CocaCola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.