Jackson Wealth Management LLC Lowers Stake in The Coca-Cola Company (KO)

Jackson Wealth Management LLC cut its holdings in shares of The Coca-Cola Company (NYSE:KO) by 49.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,170 shares of the company’s stock after selling 39,392 shares during the period. Jackson Wealth Management LLC’s holdings in The Coca-Cola were worth $1,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Advisors Inc. grew its position in The Coca-Cola by 12.7% in the 4th quarter. Cambridge Advisors Inc. now owns 9,201 shares of the company’s stock valued at $422,000 after buying an additional 1,039 shares during the last quarter. Augustine Asset Management Inc. grew its position in The Coca-Cola by 3.2% in the 4th quarter. Augustine Asset Management Inc. now owns 34,805 shares of the company’s stock valued at $1,596,000 after buying an additional 1,067 shares during the last quarter. Bank of Stockton grew its position in The Coca-Cola by 11.2% in the 4th quarter. Bank of Stockton now owns 10,620 shares of the company’s stock valued at $486,000 after buying an additional 1,068 shares during the last quarter. LGT Capital Partners LTD. grew its position in The Coca-Cola by 0.5% in the 4th quarter. LGT Capital Partners LTD. now owns 219,950 shares of the company’s stock valued at $10,091,000 after buying an additional 1,100 shares during the last quarter. Finally, Terril Brothers Inc. grew its position in The Coca-Cola by 14.1% in the 3rd quarter. Terril Brothers Inc. now owns 8,953 shares of the company’s stock valued at $403,000 after buying an additional 1,107 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

In related news, insider Jennifer K. Mann sold 1,883 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $45.00, for a total value of $84,735.00. Following the completion of the transaction, the insider now owns 98,995 shares of the company’s stock, valued at approximately $4,454,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.48% of the company’s stock.

A number of equities research analysts have commented on the company. BMO Capital Markets reissued a “market perform” rating and issued a $48.00 target price (up previously from $47.00) on shares of The Coca-Cola in a report on Friday, February 16th. Jefferies Group reissued a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a report on Tuesday, February 20th. Morgan Stanley reissued a “neutral” rating and issued a $49.00 target price (up previously from $48.00) on shares of The Coca-Cola in a report on Monday, February 19th. Societe Generale reissued a “neutral” rating and issued a $48.80 target price on shares of The Coca-Cola in a report on Monday, February 19th. Finally, Goldman Sachs set a $49.00 target price on The Coca-Cola and gave the company a “sell” rating in a report on Friday, February 16th. Thirteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Buy” and an average target price of $49.57.

The Coca-Cola opened at $42.30 on Friday, MarketBeat.com reports. The firm has a market cap of $177.25 billion, a PE ratio of 21.31, a PEG ratio of 2.42 and a beta of 0.72. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.21 and a quick ratio of 1.12. The Coca-Cola Company has a 52-week low of $41.62 and a 52-week high of $41.93.

The Coca-Cola (NYSE:KO) last released 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 business had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.32 billion. The Coca-Cola had a return on equity of 39.54% and a net margin of 4.23%. The business’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. analysts expect that The Coca-Cola Company will post 2.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, June 14th. The Coca-Cola’s payout ratio is 81.68%.

About The Coca-Cola

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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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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