Sowell Financial Services LLC lifted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,207 shares of the company’s stock after purchasing an additional 4,642 shares during the quarter. The Coca-Cola makes up about 1.7% of Sowell Financial Services LLC’s holdings, making the stock its 8th biggest position. Sowell Financial Services LLC’s holdings in The Coca-Cola were worth $7,089,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in KO. Veritas Investment Management LLP acquired a new position in The Coca-Cola in the 3rd quarter valued at $135,000. Spectrum Management Group Inc. acquired a new position in The Coca-Cola in the 3rd quarter valued at $137,000. Legacy Advisors LLC acquired a new position in The Coca-Cola in the 3rd quarter valued at $139,000. Almanack Investment Partners LLC. acquired a new position in The Coca-Cola in the 2nd quarter valued at $142,000. Finally, Shine Investment Advisory Services Inc. grew its stake in The Coca-Cola by 102.2% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock valued at $143,000 after buying an additional 1,610 shares during the last quarter. Institutional investors own 65.30% of the company’s stock.
A number of research analysts recently issued reports on KO shares. Royal Bank of Canada set a $49.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Sunday, November 12th. Wells Fargo & Co upgraded shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their target price for the company from $46.72 to $51.00 in a research note on Tuesday, November 14th. Susquehanna Bancshares set a $41.00 target price on shares of The Coca-Cola and gave the company a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group set a $45.00 target price on shares of The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $49.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $49.21.
In other news, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total transaction of $4,009,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The disclosure for this sale can be found here. Insiders have sold a total of 122,640 shares of company stock valued at $5,800,776 over the last ninety days. 1.51% of the stock is owned by insiders.
Shares of The Coca-Cola Co (NYSE KO) opened at $43.93 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64. The Coca-Cola Co has a 1-year low of $41.74 and a 1-year high of $48.62. The firm has a market cap of $187,230.59, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 2.71 and a beta of 0.77.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. equities research analysts predict that The Coca-Cola Co will post 2.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.55%. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is presently 548.15%.
About The Coca-Cola
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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).