Harrison & Co Wealth Management LLC decreased its holdings in shares of The Coca-Cola Company (NYSE: KO – Get Rating) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,962 shares of the company stock after selling 332 shares during the quarter. Harrison & Co Wealth Management LLC’s holdings in Coca-Cola were worth $ 1,052,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KO. Cohen Lawrence B lifted its holdings in shares of Coca-Cola by 0.3% during the 4th quarter. Cohen Lawrence B now owns 51,742 shares of the company stock worth $ 3,064,000 after acquiring an additional 163 shares during the period. Aberdeen Wealth Management LLC lifted its holdings in shares of Coca-Cola by 0.9% during the 4th quarter. Aberdeen Wealth Management LLC now owns 17,867 shares of the company stock worth $ 1,058,000 after acquiring an additional 167 shares during the period. McClarren Financial Advisors Inc. lifted its holdings in shares of Coca-Cola by 18.5% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,077 shares of the company stock worth $ 64,000 after acquiring an additional 168 shares during the period. Boenning & Scattergood Inc. lifted its holdings in shares of Coca-Cola by 0.4% during the 1st quarter. Boenning & Scattergood Inc. now owns 43,150 shares of the company stock worth $ 2,675,000 after acquiring an additional 169 shares during the period. Finally, Avity Investment Management Inc. lifted its holdings in shares of Coca-Cola by 0.4% during the 4th quarter. Avity Investment Management Inc. now owns 44,087 shares of the company stock worth $ 2,610,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 68.51% of the company stock.
Shares of KO stock opened at $ 63.04 on Monday. The company fifty day simple moving average is $ 63.34 and its 200-day simple moving average is $ 61.65. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 1.38. The firm has a market cap of $ 273.28 billion, a PE ratio of 26.49, a P / E / G ratio of 3.66 and a beta of 0.58. The Coca-Cola Company has a 12 month low of $ 52.28 and a 12 month high of $ 67.20.
Coca-Cola (NYSE: KO – Get Rating) last announced its quarterly earnings data on Monday, April 25th. The company reported $ 0.64 EPS for the quarter, topping analysts’ consensus estimates of $ 0.58 by $ 0.06. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The business had revenue of $ 10.50 billion for the quarter, compared to analyst estimates of $ 9.83 billion. During the same quarter in the previous year, the firm posted $ 0.55 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts predict that The Coca-Cola Company will post 2.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a dividend of $ 0.44 per share. This represents a $ 1.76 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Tuesday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is currently 73.95%.
In other Coca-Cola news, SVP Jennifer K. Mann sold 43,636 shares of the company stock in a transaction on Friday, April 8th. The shares were sold at an average price of $ 63.81, for a total value of $ 2,784,413.16. Following the transaction, the senior vice president now directly owns 66,245 shares in the company, valued at $ 4,227,093.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 153,466 shares of the company stock in a transaction on Monday, April 18th. The shares were sold at an average price of $ 65.03, for a total transaction of $ 9,979,893.98. Following the completion of the transaction, the insider now owns 136,513 shares in the company, valued at $ 8,877,440.39. The disclosure for this sale can be found here. Insiders have sold 412,161 shares of company stock worth $ 26,786,278 over the last ninety days. Insiders own 0.98% of the company stock.
Several brokerages recently issued reports on KO. Credit Suisse Group set a $ 68.00 price target on shares of Coca-Cola in a report on Friday, May 13th. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Cowen lifted their price target on shares of Coca-Cola from $ 65.00 to $ 68.00 and gave the company a “market perform” rating in a report on Tuesday, April 26th. Cowen boosted their target price on shares of Coca-Cola from $ 65.00 to $ 68.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 26th. Finally, Guggenheim boosted their target price on shares of Coca-Cola from $ 68.00 to $ 71.00 and gave the stock a “buy” rating in a research note on Tuesday, April 26th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $ 68.05.
Coca-Cola Company Profile: (Get Rating)
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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