Executive Wealth Management LLC Trims Stock Holdings in The Coca-Cola Co (NYSE:KO)
Executive Wealth Management LLC decreased its stake in The Coca-Cola Co (NYSE:KO) by 20.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,647 shares of the company’s stock after selling 427 shares during the quarter. Executive Wealth Management LLC’s holdings in The Coca-Cola were worth $84,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Prime Capital Investment Advisors LLC purchased a new stake in The Coca-Cola in the first quarter worth about $28,000. Orrstown Financial Services Inc. increased its position in The Coca-Cola by 230.8% in the first quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock worth $35,000 after buying an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new stake in The Coca-Cola in the first quarter worth about $35,000. Canton Hathaway LLC increased its position in The Coca-Cola by 83.5% in the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock worth $48,000 after buying an additional 430 shares in the last quarter. Finally, PRW Wealth Management LLC purchased a new stake in shares of The Coca-Cola during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 66.69% of the company’s stock.
Several analysts recently issued reports on 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 research report on Wednesday, July 24th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, June 4th. HSBC reiterated a “neutral” rating and set a $52.00 target price on shares of The Coca-Cola in a research report on Wednesday, July 24th. UBS Group increased their target price on The Coca-Cola from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Credit Suisse Group increased their target price on The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $54.10.
NYSE KO traded up $0.95 during trading on Thursday, hitting $53.94. 529,556 shares of the stock traded hands, compared to its average volume of 14,180,490. The firm has a market capitalization of $227.40 billion, a P/E ratio of 25.85, a P/E/G ratio of 3.70 and a beta of 0.48. The company has a 50-day moving average of $52.43. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The Coca-Cola Co has a 12-month low of $44.25 and a 12-month high of $54.82.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. Equities analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio is presently 76.92%.
The Coca-Cola Company Profile
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 plantbased 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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