Lbmc Investment Advisors LLC increased its position in The Coca-Cola Co (NYSE:KO) by 1.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,701 shares of the company’s stock after purchasing an additional 543 shares during the period. Lbmc Investment Advisors LLC’s holdings in The Coca-Cola were worth $1,512,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of KO. Arbor Wealth Management LLC boosted its position in shares of The Coca-Cola by 13.2% during the second quarter. Arbor Wealth Management LLC now owns 1,706 shares of the company’s stock worth $87,000 after buying an additional 199 shares during the period. Centerpoint Advisors LLC raised its holdings in The Coca-Cola by 13.3% during the second quarter. Centerpoint Advisors LLC now owns 1,734 shares of the company’s stock worth $88,000 after purchasing an additional 203 shares in the last quarter. Mraz Amerine & Associates Inc. raised its holdings in The Coca-Cola by 0.4% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 47,568 shares of the company’s stock worth $2,252,000 after purchasing an additional 208 shares in the last quarter. Paulson Wealth Management Inc. raised its holdings in The Coca-Cola by 3.2% during the first quarter. Paulson Wealth Management Inc. now owns 6,622 shares of the company’s stock worth $310,000 after purchasing an additional 208 shares in the last quarter. Finally, OmniStar Financial Group Inc. raised its holdings in The Coca-Cola by 1.3% during the first quarter. OmniStar Financial Group Inc. now owns 17,021 shares of the company’s stock worth $798,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 66.80% of the company’s stock.
Shares of NYSE KO traded down $0.41 during trading on Wednesday, hitting $53.31. The company had a trading volume of 1,632,761 shares, compared to its average volume of 11,021,206. The Coca-Cola Co has a 52 week low of $44.25 and a 52 week high of $54.82. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83. The company has a market cap of $231.10 billion, a P/E ratio of 25.63, a P/E/G ratio of 3.88 and a beta of 0.50. The firm has a 50-day moving average of $51.97.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio is currently 76.92%.
In other news, SVP Nancy Quan sold 23,320 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $47.95, for a total transaction of $1,118,194.00. Following the transaction, the senior vice president now directly owns 165,049 shares in the company, valued at approximately $7,914,099.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James L. Dinkins sold 45,875 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $53.26, for a total transaction of $2,443,302.50. Following the transaction, the insider now owns 95,101 shares in the company, valued at $5,065,079.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 369,175 shares of company stock worth $18,634,452. 1.33% of the stock is currently owned by corporate insiders.
Several brokerages recently commented on KO. Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, June 4th. Bank of America reissued a “buy” rating and set a $90.00 target price (down previously from $95.00) on shares of Hexcel in a report on Wednesday, July 24th. BMO Capital Markets set a $81.00 target price on Kilroy Realty and gave the stock a “buy” rating in a report on Wednesday, July 24th. SunTrust Banks boosted their target price on CoStar Group to $650.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of SAGE Therapeutics in a report on Wednesday, July 24th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus target price of $53.86.
The Coca-Cola Company 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 plantbased 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.
Read More: The Structure of a Futures Contract
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.