Wiley BROS. Aintree Capital LLC raised its stake in The Coca-Cola Company (NYSE:KO – Free Report) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,218 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. Coca-Cola comprises about 1.4% of Wiley BROS. Aintree Capital LLC’s investment portfolio, making the stock its 13th biggest position. Wiley BROS. Aintree Capital LLC’s holdings in Coca-Cola were worth $3,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Summitry LLC raised its position in shares of Coca-Cola by 1.7% during the first quarter. Summitry LLC now owns 9,668 shares of the company’s stock valued at $600,000 after buying an additional 159 shares during the last quarter. Ten Capital Wealth Advisors LLC increased its stake in Coca-Cola by 4.7% during the first quarter. Ten Capital Wealth Advisors LLC now owns 3,584 shares of the company’s stock valued at $222,000 after acquiring an additional 162 shares during the period. Naples Global Advisors LLC increased its stake in Coca-Cola by 0.7% during the first quarter. Naples Global Advisors LLC now owns 23,188 shares of the company’s stock valued at $1,448,000 after acquiring an additional 165 shares during the period. McKinley Carter Wealth Services Inc. raised its holdings in Coca-Cola by 1.3% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 12,780 shares of the company’s stock valued at $793,000 after acquiring an additional 165 shares in the last quarter. Finally, Castleview Partners LLC lifted its position in shares of Coca-Cola by 4.4% in the 1st quarter. Castleview Partners LLC now owns 3,973 shares of the company’s stock worth $246,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 68.96% of the company’s stock.
Insider Buying and Selling
In related news, SVP Monica Howard Douglas sold 21,074 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $60.90, for a total transaction of $1,283,406.60. Following the sale, the senior vice president now directly owns 18,360 shares in the company, valued at $1,118,124. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Monica Howard Douglas sold 21,074 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $60.90, for a total transaction of $1,283,406.60. Following the completion of the transaction, the senior vice president now directly owns 18,360 shares of the company’s stock, valued at $1,118,124. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Murphy sold 156,290 shares of Coca-Cola stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $62.10, for a total value of $9,705,609.00. Following the completion of the sale, the chief financial officer now directly owns 228,830 shares in the company, valued at approximately $14,210,343. The disclosure for this sale can be found here. In the last three months, insiders sold 227,364 shares of company stock valued at $14,122,016. 1.00% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Coca-Cola Trading Down 0.4 %
Shares of Coca-Cola stock traded down $0.21 on Thursday, hitting $58.23. 2,716,102 shares of the company’s stock traded hands, compared to its average volume of 12,857,784. The Coca-Cola Company has a one year low of $54.01 and a one year high of $64.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.14 and a quick ratio of 0.95. The stock has a market capitalization of $251.81 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 3.42 and a beta of 0.55. The firm’s 50-day moving average price is $60.62 and its two-hundred day moving average price is $61.28.
Coca-Cola (NYSE:KO – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $11.74 billion. Coca-Cola had a net margin of 23.81% and a return on equity of 43.06%. Coca-Cola’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 EPS. On average, research analysts expect that The Coca-Cola Company will post 2.63 EPS for the current fiscal year.
Coca-Cola Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 annualized dividend and a dividend yield of 3.16%. Coca-Cola’s dividend payout ratio is presently 75.72%.
Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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