Hoxton Planning & Management LLC Increases Stock Position in The Coca-Cola Company (NYSE:KO)

Hoxton Planning & Management LLC grew its stake in The Coca-Cola Company (NYSE:KO) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,080 shares of the company’s stock after buying an additional 191 shares during the period. Hoxton Planning & Management LLC’s holdings in Coca-Cola were worth $365,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MGO One Seven LLC boosted its holdings in Coca-Cola by 19.2% during the 4th quarter. MGO One Seven LLC now owns 63,025 shares of the company’s stock valued at $3,714,000 after acquiring an additional 10,157 shares during the period. Icon Wealth Advisors LLC bought a new position in shares of Coca-Cola in the 4th quarter worth approximately $670,000. Jacobi Capital Management LLC raised its position in shares of Coca-Cola by 1.4% in the 4th quarter. Jacobi Capital Management LLC now owns 78,343 shares of the company’s stock worth $4,617,000 after acquiring an additional 1,116 shares in the last quarter. Putnam Investments LLC raised its position in shares of Coca-Cola by 32.8% in the 4th quarter. Putnam Investments LLC now owns 12,032,095 shares of the company’s stock worth $709,051,000 after acquiring an additional 2,973,234 shares in the last quarter. Finally, Caxton Associates LP raised its position in shares of Coca-Cola by 3,032.9% in the 4th quarter. Caxton Associates LP now owns 217,581 shares of the company’s stock worth $12,822,000 after acquiring an additional 210,636 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 0.2 %

Shares of KO stock opened at $69.16 on Wednesday. The stock’s 50-day moving average price is $70.40 and its 200-day moving average price is $65.21. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The Coca-Cola Company has a 12-month low of $52.11 and a 12-month high of $73.53. The stock has a market capitalization of $297.94 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 3.97 and a beta of 0.60.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $11.78 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.485 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.81%. Coca-Cola’s payout ratio is 77.60%.

Insiders Place Their Bets

In related news, EVP Nancy Quan sold 18,484 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total value of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,968,095. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The disclosure for this sale can be found here. Insiders sold a total of 376,096 shares of company stock worth $25,982,352 over the last 90 days. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on KO shares. BNP Paribas began coverage on Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Bank of America lifted their target price on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Wells Fargo & Company raised their price target on Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.