The Coca-Cola Company (NYSE:KO) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC increased its position in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 393,326 shares of the company’s stock after purchasing an additional 31,142 shares during the quarter. Coca-Cola accounts for 0.5% of HB Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. HB Wealth Management LLC’s holdings in Coca-Cola were worth $24,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mystic Asset Management Inc. purchased a new position in Coca-Cola in the 4th quarter valued at about $444,000. TRH Financial LLC raised its holdings in Coca-Cola by 11.7% in the 1st quarter. TRH Financial LLC now owns 143,657 shares of the company’s stock valued at $8,907,000 after acquiring an additional 15,091 shares during the last quarter. Annex Advisory Services LLC lifted its stake in shares of Coca-Cola by 3.8% during the 1st quarter. Annex Advisory Services LLC now owns 7,448 shares of the company’s stock worth $462,000 after purchasing an additional 273 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Coca-Cola by 0.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 108,024 shares of the company’s stock worth $6,697,000 after purchasing an additional 671 shares during the last quarter. Finally, Cornerstone Advisory LLC grew its position in shares of Coca-Cola by 51.3% in the fourth quarter. Cornerstone Advisory LLC now owns 7,759 shares of the company’s stock valued at $460,000 after purchasing an additional 2,630 shares during the period. 68.93% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Stock Down 1.1 %

Shares of KO stock traded down $0.68 during trading hours on Friday, reaching $58.58. The company had a trading volume of 206,080 shares, compared to its average volume of 12,330,705. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.13. The Coca-Cola Company has a twelve month low of $52.28 and a twelve month high of $67.20. The company has a market capitalization of $253.34 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54. The stock’s fifty day simple moving average is $62.58 and its 200 day simple moving average is $62.67.

Coca-Cola (NYSE:KOGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Coca-Cola had a return on equity of 42.13% and a net margin of 23.16%. The business had revenue of $11.30 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.46 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a yield of 3.00%. Coca-Cola’s dividend payout ratio (DPR) is presently 79.64%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, Director Carolyn Everson acquired 983 shares of the stock in a transaction on Wednesday, July 27th. The stock was purchased at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the purchase, the director now directly owns 1,500 shares in the company, valued at $93,435. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Coca-Cola news, VP Kathy Loveless sold 2,512 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,768.00. Following the transaction, the vice president now owns 1,370 shares of the company’s stock, valued at approximately $87,680. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carolyn Everson bought 983 shares of Coca-Cola stock in a transaction on Wednesday, July 27th. The shares were purchased at an average cost of $62.29 per share, for a total transaction of $61,231.07. Following the acquisition, the director now owns 1,500 shares in the company, valued at $93,435. The disclosure for this purchase can be found here. Insiders sold a total of 45,830 shares of company stock worth $2,939,961 in the last 90 days. 0.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com upgraded Coca-Cola from a “hold” rating to a “buy” rating in a research report on Saturday, August 6th. HSBC increased their price objective on shares of Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. JPMorgan Chase & Co. set a $70.00 price target on shares of Coca-Cola in a research report on Tuesday, July 26th. Credit Suisse Group set a $68.00 price target on shares of Coca-Cola in a report on Wednesday, July 20th. Finally, UBS Group boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.59.

Coca-Cola Company Profile

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The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, 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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