Steigerwald Gordon & Koch Inc. Grows Stock Holdings in Coca-Cola Co (The) (NYSE:KO)

Steigerwald Gordon & Koch Inc. grew its holdings in shares of Coca-Cola Co (The) (NYSE:KO) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,047 shares of the company’s stock after buying an additional 2,140 shares during the quarter. Coca-Cola accounts for 2.0% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 23rd largest position. Steigerwald Gordon & Koch Inc.’s holdings in Coca-Cola were worth $8,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KO. Costello Asset Management INC purchased a new stake in Coca-Cola during the second quarter worth approximately $25,000. Demars Financial Group LLC purchased a new stake in Coca-Cola during the second quarter worth approximately $27,000. Evolution Wealth Advisors LLC boosted its stake in shares of Coca-Cola by 112.5% in the second quarter. Evolution Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 332 shares during the period. Anderson Fisher LLC boosted its stake in shares of Coca-Cola by 26.5% in the second quarter. Anderson Fisher LLC now owns 1,142 shares of the company’s stock valued at $51,000 after purchasing an additional 239 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in shares of Coca-Cola by 22.2% in the second quarter. AlphaMark Advisors LLC now owns 1,205 shares of the company’s stock valued at $54,000 after purchasing an additional 219 shares during the period. Institutional investors own 65.86% of the company’s stock.

Shares of NYSE:KO opened at $50.03 on Friday. The company has a market cap of $214.90 billion, a PE ratio of 23.60, a P/E/G ratio of 5.91 and a beta of 0.55. Coca-Cola Co has a fifty-two week low of $36.27 and a fifty-two week high of $60.13. The firm has a 50-day simple moving average of $49.97 and a 200 day simple moving average of $47.25. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 1.97.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 21st. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. Coca-Cola had a return on equity of 41.44% and a net margin of 26.77%. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. Coca-Cola’s quarterly revenue was down 28.0% compared to the same quarter last year. As a group, research analysts forecast that Coca-Cola Co will post 1.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.64 dividend on an annualized basis and a yield of 3.28%. Coca-Cola’s payout ratio is currently 77.73%.

Several brokerages have recently weighed in on KO. Zacks Investment Research downgraded shares of Coca-Cola from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Tuesday, September 22nd. Bank of America restated a “buy” rating and issued a $53.00 target price on shares of Coca-Cola in a research note on Friday, July 17th. Finally, Morgan Stanley upgraded shares of Coca-Cola from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $54.00 in a research note on Wednesday, July 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.19.

In other Coca-Cola news, Director David B. Weinberg sold 200,000 shares of Coca-Cola stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $48.02, for a total value of $9,604,000.00. Following the completion of the transaction, the director now directly owns 355,214 shares in the company, valued at $17,057,376.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David B. Weinberg sold 98,905 shares of Coca-Cola stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $48.50, for a total value of $4,796,892.50. Following the completion of the transaction, the director now owns 355,214 shares of the company’s stock, valued at $17,227,879. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 836,439 shares of company stock valued at $40,380,407. 1.01% of the stock is currently owned by insiders.

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

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