Homrich & Berg Boosts Holdings in The Coca-Cola Co (KO)

Homrich & Berg raised its stake in The Coca-Cola Co (NYSE:KO) by 7.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 238,009 shares of the company’s stock after acquiring an additional 17,220 shares during the period. The Coca-Cola accounts for approximately 0.7% of Homrich & Berg’s holdings, making the stock its 16th biggest position. Homrich & Berg’s holdings in The Coca-Cola were worth $10,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westbourne Investment Advisors Inc. purchased a new position in shares of The Coca-Cola during the 3rd quarter valued at $117,000. Fort L.P. bought a new stake in The Coca-Cola in the second quarter worth $122,000. Sageworth Trust Co boosted its holdings in The Coca-Cola by 69.5% in the third quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after purchasing an additional 1,200 shares in the last quarter. BDO Wealth Advisors LLC boosted its holdings in The Coca-Cola by 104.9% in the second quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock worth $139,000 after purchasing an additional 1,619 shares in the last quarter. Finally, O Brien Wealth Partners LLC boosted its holdings in The Coca-Cola by 2,173.3% in the third quarter. O Brien Wealth Partners LLC now owns 3,410 shares of the company’s stock worth $158,000 after purchasing an additional 3,260 shares in the last quarter. 65.67% of the stock is currently owned by institutional investors.

The Coca-Cola stock opened at $50.40 on Monday. The firm has a market cap of $215.00 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 3.30 and a beta of 0.60. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.84.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.20 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities analysts forecast that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.

A number of equities research analysts recently issued reports on the stock. Societe Generale set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Monday, August 13th. HSBC reiterated a “buy” rating and issued a $61.00 price objective on shares of The Coca-Cola in a report on Monday, August 20th. Zacks Investment Research upgraded shares of The Coca-Cola from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Jefferies Financial Group reiterated a “neutral” rating and issued a $48.00 price objective on shares of The Coca-Cola in a report on Wednesday, October 17th. Finally, Macquarie reiterated a “neutral” rating and issued a $47.00 price objective on shares of The Coca-Cola in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. The Coca-Cola has a consensus rating of “Hold” and an average target price of $51.43.

In other The Coca-Cola news, insider Jennifer K. Mann sold 15,100 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $50.40, for a total transaction of $761,040.00. Following the sale, the insider now directly owns 40,058 shares of the company’s stock, valued at $2,018,923.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James L. Dinkins sold 8,754 shares of the company’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now directly owns 28,354 shares in the company, valued at $1,331,220.30. The disclosure for this sale can be found here. Insiders sold 374,542 shares of company stock valued at $18,436,957 in the last three months. Company insiders own 1.48% of the company’s stock.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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