HBK Sorce Advisory LLC boosted its position in shares of The Coca-Cola Company (NYSE:KO) by 7.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,607 shares of the company’s stock after acquiring an additional 6,283 shares during the period. HBK Sorce Advisory LLC’s holdings in The Coca-Cola were worth $4,203,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KO. MainStreet Investment Advisors LLC acquired a new stake in The Coca-Cola in the 4th quarter valued at about $259,000. Glenmede Trust Co. NA lifted its holdings in The Coca-Cola by 7.6% in the 4th quarter. Glenmede Trust Co. NA now owns 1,627,907 shares of the company’s stock valued at $74,687,000 after purchasing an additional 115,171 shares in the last quarter. All Terrain Financial Advisors LLC purchased a new position in shares of The Coca-Cola during the 4th quarter worth about $209,000. Macquarie Group Ltd. lifted its holdings in shares of The Coca-Cola by 336.9% during the 4th quarter. Macquarie Group Ltd. now owns 435,074 shares of the company’s stock worth $18,575,000 after acquiring an additional 335,500 shares during the period. Finally, Vident Investment Advisory LLC lifted its holdings in shares of The Coca-Cola by 22.6% during the 4th quarter. Vident Investment Advisory LLC now owns 38,052 shares of the company’s stock worth $1,746,000 after acquiring an additional 7,024 shares during the period. Institutional investors own 65.83% of the company’s stock.
The Coca-Cola opened at $42.30 on Friday, Marketbeat Ratings reports. The Coca-Cola Company has a 1-year low of $41.62 and a 1-year high of $41.93. The stock has a market capitalization of $177.97 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.43 and a beta of 0.72. The company has a current ratio of 1.21, a quick ratio of 1.12 and a debt-to-equity ratio of 1.38.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The Coca-Cola had a return on equity of 39.54% and a net margin of 4.23%. The company had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. research analysts anticipate that The Coca-Cola Company will post 2.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.69%. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.
Several analysts have issued reports on KO shares. JPMorgan Chase reaffirmed a “neutral” rating and issued a price objective (up previously from ) on shares of The Coca-Cola in a research report on Friday, February 16th. Morgan Stanley restated a “neutral” rating and set a $49.00 price objective (up from $48.00) on shares of The Coca-Cola in a research note on Monday, February 19th. BMO Capital Markets restated a “market perform” rating and set a $48.00 price objective (up from $47.00) on shares of The Coca-Cola in a research note on Friday, February 16th. Credit Suisse Group reaffirmed a “buy” rating on shares of The Coca-Cola in a report on Tuesday, February 13th. Finally, Barclays reissued a “neutral” rating and issued a $45.00 price target on shares of The Coca-Cola in a research note on Thursday, March 15th. Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $49.57.
In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $45.00, for a total value of $84,735.00. Following the completion of the sale, the insider now directly owns 98,995 shares in the company, valued at $4,454,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.48% of the stock is owned by corporate insiders.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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