Saxony Capital Management LLC Makes New Investment in The Coca-Cola Company (NYSE:KO)

Saxony Capital Management LLC bought a new stake in The Coca-Cola Company (NYSE:KO) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 3,054 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KO. Annex Advisory Services LLC raised its stake in shares of Coca-Cola by 3.6% in the first quarter. Annex Advisory Services LLC now owns 6,322 shares of the company’s stock valued at $387,000 after buying an additional 222 shares during the period. Brookstone Capital Management raised its stake in Coca-Cola by 67.4% in the 1st quarter. Brookstone Capital Management now owns 78,799 shares of the company’s stock valued at $4,821,000 after acquiring an additional 31,740 shares during the period. AHL Investment Management Inc. lifted its holdings in Coca-Cola by 1.2% during the first quarter. AHL Investment Management Inc. now owns 117,684 shares of the company’s stock valued at $7,200,000 after purchasing an additional 1,338 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Coca-Cola during the first quarter worth about $126,000. Finally, Sovereign Financial Group Inc. increased its stake in shares of Coca-Cola by 9.5% in the first quarter. Sovereign Financial Group Inc. now owns 12,100 shares of the company’s stock worth $740,000 after purchasing an additional 1,049 shares in the last quarter. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO James Quincey sold 102,533 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.02, for a total value of $7,179,360.66. Following the completion of the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at $30,987,070.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 356,792 shares of company stock valued at $24,728,364. Insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

KO stock opened at $69.45 on Wednesday. The company has a market capitalization of $299.19 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 3.92 and a beta of 0.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a one year low of $54.04 and a one year high of $73.53. The company’s 50 day moving average price is $70.75 and its two-hundred day moving average price is $65.94.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.78 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a research note on Friday, September 27th. Citigroup increased their target price on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley lifted their price target on Coca-Cola from $70.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. increased their price objective on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Coca-Cola 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.