ASB Consultores LLC Has $253,000 Stake in The Coca-Cola Company (NYSE:KO)

ASB Consultores LLC reduced its position in shares of The Coca-Cola Company (NYSE:KO) by 47.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,974 shares of the company’s stock after selling 3,560 shares during the quarter. ASB Consultores LLC’s holdings in Coca-Cola were worth $253,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tidemark LLC acquired a new position in Coca-Cola in the fourth quarter worth approximately $26,000. New Millennium Group LLC acquired a new position in shares of Coca-Cola during the 2nd quarter worth $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Coca-Cola during the 1st quarter valued at $28,000. ESL Trust Services LLC acquired a new stake in shares of Coca-Cola in the 1st quarter valued at $28,000. Finally, Frazier Financial Advisors LLC bought a new stake in Coca-Cola in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity

In related news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the transaction, the insider now owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Coca-Cola news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the transaction, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. The disclosure for this sale can be found here. In the last ninety days, insiders sold 974,715 shares of company stock worth $579,704,927. Insiders own 0.97% of the company’s stock.

Coca-Cola Trading Up 1.4 %

Shares of Coca-Cola stock opened at $71.62 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The firm has a 50-day moving average of $69.13 and a 200-day moving average of $64.31. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $73.53. The stock has a market cap of $308.54 billion, a PE ratio of 28.65, a PEG ratio of 3.93 and a beta of 0.60.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.71%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of recent analyst reports. Barclays raised their price objective on Coca-Cola from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Morgan Stanley boosted their price objective on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 27th. Royal Bank of Canada raised their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Citigroup boosted their target price on shares of Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Bank of America raised their price target on Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.07.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.