Fiduciary Group LLC Has $7 Million Holdings in The Coca-Cola Co (NYSE:KO)

Fiduciary Group LLC lessened its holdings in The Coca-Cola Co (NYSE:KO) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,406 shares of the company’s stock after selling 1,478 shares during the period. The Coca-Cola accounts for about 1.3% of Fiduciary Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Fiduciary Group LLC’s holdings in The Coca-Cola were worth $6,997,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KO. Davy Asset Management Ltd bought a new position in The Coca-Cola in the 2nd quarter worth $891,000. Curbstone Financial Management Corp raised its holdings in The Coca-Cola by 6.0% in the 2nd quarter. Curbstone Financial Management Corp now owns 20,550 shares of the company’s stock worth $1,046,000 after acquiring an additional 1,170 shares during the period. Marathon Capital Management raised its holdings in The Coca-Cola by 7.0% in the 2nd quarter. Marathon Capital Management now owns 10,851 shares of the company’s stock worth $552,000 after acquiring an additional 712 shares during the period. Boston Advisors LLC raised its holdings in The Coca-Cola by 257.9% in the 2nd quarter. Boston Advisors LLC now owns 112,785 shares of the company’s stock worth $5,743,000 after acquiring an additional 81,271 shares during the period. Finally, Armbruster Capital Management Inc. raised its holdings in The Coca-Cola by 1.9% in the 1st quarter. Armbruster Capital Management Inc. now owns 13,602 shares of the company’s stock worth $637,000 after acquiring an additional 250 shares during the period. 66.84% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. Barclays set a $54.00 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Thursday, May 16th. Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, June 4th. Deutsche Bank boosted their price objective on shares of The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Coca-Cola from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $54.10.

In other news, SVP Lisa Chang purchased 500 shares of The Coca-Cola stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the transaction, the senior vice president now directly owns 5,448 shares in the company, valued at $290,051.52. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John Murphy sold 84,400 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $49.99, for a total transaction of $4,219,156.00. Following the completion of the transaction, the vice president now owns 133,715 shares in the company, valued at $6,684,412.85. The disclosure for this sale can be found here. In the last three months, insiders sold 318,761 shares of company stock worth $16,182,125. 1.33% of the stock is currently owned by insiders.

NYSE KO traded up $0.05 on Monday, reaching $54.46. The company’s stock had a trading volume of 1,722,284 shares, compared to its average volume of 14,722,016. The firm has a market cap of $230.35 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.75 and a beta of 0.48. The business has a 50-day moving average price of $52.54 and a 200 day moving average price of $49.11. The Coca-Cola Co has a 52 week low of $44.25 and a 52 week high of $54.82. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 1.44.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.60 dividend on an annualized basis and a yield of 2.94%. The Coca-Cola’s payout ratio is currently 76.92%.

The Coca-Cola Profile

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 The Coca-Cola (NYSE:KO)

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