Steward Partners Investment Advisory LLC Has $8.90 Million Stock Position in The Coca-Cola Co (NYSE:KO)

Steward Partners Investment Advisory LLC increased its position in shares of The Coca-Cola Co (NYSE:KO) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 174,713 shares of the company’s stock after buying an additional 257 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in The Coca-Cola were worth $8,896,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC purchased a new stake in shares of The Coca-Cola in the first quarter worth approximately $28,000. Orrstown Financial Services Inc. increased its position in shares of The Coca-Cola by 230.8% during the first quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after acquiring an additional 517 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of The Coca-Cola during the first quarter valued at approximately $35,000. Canton Hathaway LLC increased its position in shares of The Coca-Cola by 83.5% during the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after acquiring an additional 430 shares during the last quarter. Finally, PRW Wealth Management LLC purchased a new stake in shares of The Coca-Cola during the fourth quarter valued at approximately $50,000. 66.64% of the stock is currently owned by institutional investors and hedge funds.

NYSE KO traded up $0.33 on Tuesday, hitting $51.98. 5,528,601 shares of the stock traded hands, compared to its average volume of 12,530,342. The Coca-Cola Co has a 12 month low of $44.25 and a 12 month high of $54.82. The stock’s fifty day simple moving average is $52.09. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The company has a market cap of $223.76 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 3.64 and a beta of 0.48.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.86 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts forecast that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, September 13th. The Coca-Cola’s payout ratio is currently 76.92%.

In other news, insider James L. Dinkins sold 45,875 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $53.26, for a total value of $2,443,302.50. Following the completion of the transaction, the insider now directly owns 95,101 shares of the company’s stock, valued at $5,065,079.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Beatriz R. Perez sold 14,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total value of $747,600.00. Following the completion of the transaction, the senior vice president now directly owns 108,457 shares of the company’s stock, valued at $5,791,603.80. The disclosure for this sale can be found here. Insiders sold 369,175 shares of company stock valued at $18,634,452 over the last ninety days. Corporate insiders own 1.33% of the company’s stock.

A number of analysts recently commented on KO shares. UBS Group increased their price target on The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Credit Suisse Group increased their price target on The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. ValuEngine raised The Coca-Cola from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Atlantic Securities started coverage on The Coca-Cola in a research report on Monday, July 29th. They set an “overweight” rating and a $62.00 price target for the company. Finally, BMO Capital Markets increased their price target on The Coca-Cola from $48.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.86.

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.

Further Reading: Swap

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).

Institutional Ownership by Quarter for The Coca-Cola (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.