The Coca-Cola Co (KO) Position Boosted by Bontempo Ohly Capital Mgmt LLC

Bontempo Ohly Capital Mgmt LLC grew its position in shares of The Coca-Cola Co (NYSE:KO) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,938 shares of the company’s stock after buying an additional 1,172 shares during the quarter. The Coca-Cola accounts for 2.4% of Bontempo Ohly Capital Mgmt LLC’s portfolio, making the stock its 7th largest position. Bontempo Ohly Capital Mgmt LLC’s holdings in The Coca-Cola were worth $3,111,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KO. Ascension Asset Management LLC boosted its holdings in The Coca-Cola by 5.3% in the second quarter. Ascension Asset Management LLC now owns 22,050 shares of the company’s stock worth $967,000 after purchasing an additional 1,100 shares during the last quarter. Jag Capital Management LLC raised its position in The Coca-Cola by 3.3% in the second quarter. Jag Capital Management LLC now owns 34,844 shares of the company’s stock worth $1,528,000 after acquiring an additional 1,116 shares during the period. Greatmark Investment Partners Inc. raised its position in The Coca-Cola by 0.9% in the first quarter. Greatmark Investment Partners Inc. now owns 144,876 shares of the company’s stock worth $6,292,000 after acquiring an additional 1,244 shares during the period. Gradient Investments LLC raised its position in The Coca-Cola by 0.9% in the second quarter. Gradient Investments LLC now owns 147,766 shares of the company’s stock worth $6,481,000 after acquiring an additional 1,248 shares during the period. Finally, SVA Plumb Wealth Management LLC raised its position in The Coca-Cola by 2.1% in the first quarter. SVA Plumb Wealth Management LLC now owns 61,486 shares of the company’s stock worth $2,767,000 after acquiring an additional 1,282 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

In other The Coca-Cola news, VP Kathy N. Waller sold 48,354 shares of The Coca-Cola stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total value of $2,246,043.30. Following the sale, the vice president now directly owns 200,725 shares in the company, valued at approximately $9,323,676.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Murphy sold 56,000 shares of The Coca-Cola stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $46.48, for a total transaction of $2,602,880.00. Following the completion of the transaction, the insider now directly owns 140,869 shares of the company’s stock, valued at $6,547,591.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 215,822 shares of company stock worth $10,027,727. 1.48% of the stock is currently owned by insiders.

Several research analysts have weighed in on KO shares. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, September 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $50.00 price target on shares of The Coca-Cola in a research report on Thursday, July 26th. Morgan Stanley set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Tuesday, September 4th. Jefferies Financial Group reiterated a “hold” rating and issued a $48.00 price target on shares of The Coca-Cola in a research report on Friday, August 31st. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $52.00 price target on shares of The Coca-Cola in a research report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $50.71.

Shares of KO stock opened at $46.48 on Tuesday. The firm has a market cap of $197.04 billion, a PE ratio of 24.35, a PEG ratio of 2.85 and a beta of 0.74. The Coca-Cola Co has a one year low of $41.45 and a one year high of $48.62. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.15.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.54 billion. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The Coca-Cola’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. On average, equities analysts forecast that The Coca-Cola Co will post 2.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were issued a $0.39 dividend. The ex-dividend date was Thursday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 3.36%. The Coca-Cola’s dividend payout ratio is currently 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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