New Hampshire Trust Has $1.26 Million Stake in The Coca-Cola Company (NYSE:KO)

New Hampshire Trust boosted its stake in The Coca-Cola Company (NYSE:KO) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,848 shares of the company’s stock after purchasing an additional 275 shares during the period. New Hampshire Trust’s holdings in Coca-Cola were worth $1,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KO. Pacific Wealth Strategies Group Inc. grew its holdings in Coca-Cola by 12.8% during the 1st quarter. Pacific Wealth Strategies Group Inc. now owns 15,800 shares of the company’s stock worth $980,000 after acquiring an additional 1,788 shares during the period. Arabesque Asset Management Ltd grew its holdings in Coca-Cola by 104.1% during the 4th quarter. Arabesque Asset Management Ltd now owns 73,354 shares of the company’s stock worth $4,666,000 after acquiring an additional 37,412 shares during the period. Janney Capital Management LLC grew its holdings in Coca-Cola by 13.5% during the 1st quarter. Janney Capital Management LLC now owns 50,687 shares of the company’s stock worth $3,144,000 after acquiring an additional 6,020 shares during the period. Procyon Advisors LLC grew its holdings in Coca-Cola by 26.1% during the 1st quarter. Procyon Advisors LLC now owns 13,313 shares of the company’s stock worth $826,000 after acquiring an additional 2,758 shares during the period. Finally, National Pension Service grew its holdings in Coca-Cola by 2.3% during the 4th quarter. National Pension Service now owns 5,950,675 shares of the company’s stock worth $378,522,000 after acquiring an additional 134,244 shares during the period. 68.96% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Down 0.9 %

NYSE KO traded down $0.52 during trading hours on Friday, hitting $57.94. The company’s stock had a trading volume of 55,727,509 shares, compared to its average volume of 13,157,437. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $250.55 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55. The Coca-Cola Company has a 52 week low of $54.01 and a 52 week high of $64.99. The company’s 50-day simple moving average is $60.49 and its two-hundred day simple moving average is $61.24.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $12 billion during 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%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Research analysts anticipate that The Coca-Cola Company will post 2.63 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 3.18%. Coca-Cola’s dividend payout ratio (DPR) is 75.72%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, CFO John Murphy sold 156,290 shares of the stock in a transaction dated 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 owns 228,830 shares in the company, valued at approximately $14,210,343. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO John Murphy sold 156,290 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $62.10, for a total transaction of $9,705,609.00. Following the completion of the sale, the chief financial officer now owns 228,830 shares in the company, valued at approximately $14,210,343. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Monica Howard Douglas sold 21,074 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 18,360 shares of the company’s stock, valued at approximately $1,118,124. The disclosure for this sale can be found here. In the last 90 days, insiders sold 227,364 shares of company stock worth $14,122,016. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KO. JPMorgan Chase & Co. increased their price target on Coca-Cola from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Barclays increased their price target on Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. StockNews.com initiated coverage on shares of Coca-Cola in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Wedbush increased their price objective on shares of Coca-Cola from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Royal Bank of Canada increased their price objective on shares of Coca-Cola from $69.00 to $70.00 in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

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.