Capital Investment Advisory Services LLC Boosts Position in The Coca-Cola Co (NYSE:KO)

Capital Investment Advisory Services LLC lifted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 6.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 20,165 shares of the company’s stock after acquiring an additional 1,228 shares during the period. Capital Investment Advisory Services LLC’s holdings in The Coca-Cola were worth $945,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in KO. Douglas Lane & Associates LLC lifted its holdings in The Coca-Cola by 5.8% during the 1st quarter. Douglas Lane & Associates LLC now owns 321,952 shares of the company’s stock valued at $15,087,000 after purchasing an additional 17,785 shares during the last quarter. Spearhead Capital Advisors LLC lifted its holdings in The Coca-Cola by 7.7% during the 1st quarter. Spearhead Capital Advisors LLC now owns 81,101 shares of the company’s stock valued at $3,800,000 after purchasing an additional 5,815 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in The Coca-Cola by 4.7% during the 1st quarter. Hudock Capital Group LLC now owns 38,782 shares of the company’s stock valued at $1,817,000 after purchasing an additional 1,738 shares during the last quarter. Brinker Capital Inc. lifted its holdings in The Coca-Cola by 80.0% during the 1st quarter. Brinker Capital Inc. now owns 65,732 shares of the company’s stock valued at $3,097,000 after purchasing an additional 29,212 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI increased its position in The Coca-Cola by 1.0% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 49,201 shares of the company’s stock valued at $2,306,000 after acquiring an additional 500 shares in the last quarter. 66.79% of the stock is owned by institutional investors.

Shares of KO stock traded up $0.68 on Monday, hitting $51.60. The company’s stock had a trading volume of 13,867,355 shares, compared to its average volume of 14,412,072. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91. The business has a 50 day simple moving average of $50.37. The Coca-Cola Co has a fifty-two week low of $43.58 and a fifty-two week high of $52.20. The company has a market cap of $217.23 billion, a P/E ratio of 24.81, a PEG ratio of 3.48 and a beta of 0.50.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The business had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. During the same period in the prior year, the company posted $0.47 earnings per share. The Coca-Cola’s revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Coca-Cola Co will post 2.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.40 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.10%. The Coca-Cola’s dividend payout ratio (DPR) is currently 76.92%.

In other The Coca-Cola news, insider Francisco Crespo sold 16,426 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $49.00, for a total transaction of $804,874.00. Following the completion of the sale, the insider now owns 77,109 shares of the company’s stock, valued at approximately $3,778,341. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer K. Mann sold 9,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $51.88, for a total transaction of $466,920.00. Following the sale, the insider now directly owns 41,049 shares of the company’s stock, valued at approximately $2,129,622.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 316,600 shares of company stock valued at $15,760,365. 1.33% of the stock is owned by company insiders.

KO has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, May 8th. UBS Group boosted their price objective on shares of The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank restated a “buy” rating and set a $53.00 price objective on shares of The Coca-Cola in a report on Thursday, April 18th. Wells Fargo & Co boosted their price objective on shares of The Coca-Cola from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley lifted their price target on shares of The Coca-Cola from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The Coca-Cola has an average rating of “Hold” and a consensus target price of $51.15.

About The Coca-Cola

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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