Taylor Hoffman Wealth Management grew its stake in shares of The Coca-Cola Co (NYSE:KO) by 6.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 33,606 shares of the company’s stock after buying an additional 2,000 shares during the period. The Coca-Cola comprises 1.3% of Taylor Hoffman Wealth Management’s portfolio, making the stock its 22nd biggest holding. Taylor Hoffman Wealth Management’s holdings in The Coca-Cola were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of KO. Krane Funds Advisors LLC bought a new position in shares of The Coca-Cola in the second quarter worth $25,000. LFA Lugano Financial Advisors SA grew its stake in shares of The Coca-Cola by 348.8% during the second quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after buying an additional 429 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new position in shares of The Coca-Cola during the second quarter valued at about $36,000. Candriam Luxembourg S.C.A. grew its stake in shares of The Coca-Cola by 1.0% during the third quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock valued at $37,000 after buying an additional 6,373 shares during the last quarter. Finally, KCS Wealth Advisory bought a new position in shares of The Coca-Cola during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 67.32% of the company’s stock.
In other The Coca-Cola news, SVP Nancy Quan sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.90, for a total value of $1,293,600.00. Following the completion of the sale, the senior vice president now directly owns 189,049 shares in the company, valued at $10,189,741.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lisa Chang acquired 500 shares of the stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $53.24 per share, with a total value of $26,620.00. Following the completion of the acquisition, the senior vice president now directly owns 5,448 shares of the company’s stock, valued at $290,051.52. The disclosure for this purchase can be found here. Insiders sold 403,026 shares of company stock valued at $22,037,406 over the last 90 days. 1.33% of the stock is currently owned by company insiders.
KO has been the topic of a number of recent research reports. ValuEngine cut The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks increased their target price on shares of The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Atlantic Securities assumed coverage on shares of The Coca-Cola in a report on Monday, July 29th. They set an “overweight” rating and a $62.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. set a $59.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Friday, October 18th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Coca-Cola presently has an average rating of “Buy” and an average price target of $55.95.
KO traded down $0.08 on Friday, hitting $52.21. The company had a trading volume of 6,997,608 shares, compared to its average volume of 13,198,850. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The Coca-Cola Co has a 52-week low of $44.42 and a 52-week high of $55.92. The stock has a fifty day simple moving average of $53.85 and a 200-day simple moving average of $52.23. The firm has a market capitalization of $224.59 billion, a P/E ratio of 25.10, a P/E/G ratio of 3.65 and a beta of 0.46.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Friday, October 18th. The company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The business had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same period last year, the business posted $0.57 earnings per share. The Coca-Cola’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 3.06%. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.
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: How to calculate compound interest
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).
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.