Burns J W & Co. Inc. NY Has $3.97 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Burns J W & Co. Inc. NY decreased its position in The Coca-Cola Company (NYSE:KO) by 2.6% in the 1st quarter, HoldingsChannel reports. The fund owned 64,910 shares of the company’s stock after selling 1,752 shares during the period. Burns J W & Co. Inc. NY’s holdings in Coca-Cola were worth $3,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. increased its stake in Coca-Cola by 15.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 76,548 shares of the company’s stock valued at $4,683,000 after acquiring an additional 10,008 shares during the period. MCF Advisors LLC lifted its position in shares of Coca-Cola by 7.4% during the 1st quarter. MCF Advisors LLC now owns 14,903 shares of the company’s stock worth $917,000 after buying an additional 1,032 shares during the period. Toth Financial Advisory Corp boosted its stake in Coca-Cola by 4.9% in the 1st quarter. Toth Financial Advisory Corp now owns 88,081 shares of the company’s stock valued at $5,389,000 after buying an additional 4,120 shares in the last quarter. Opinicus Capital Inc. acquired a new position in Coca-Cola during the first quarter worth $275,000. Finally, Occidental Asset Management LLC raised its stake in Coca-Cola by 6.0% during the first quarter. Occidental Asset Management LLC now owns 8,418 shares of the company’s stock worth $515,000 after acquiring an additional 477 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the transaction, the executive vice president now directly owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the transaction, the executive vice president now directly owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the completion of the sale, the executive vice president now directly owns 33,638 shares in the company, valued at approximately $2,129,621.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,665 shares of company stock valued at $13,995,465. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on KO. UBS Group upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Evercore ISI raised their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. StockNews.com downgraded Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Morgan Stanley raised their price target on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Finally, Barclays raised their target price on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.83.

Coca-Cola Trading Down 0.4 %

NYSE KO traded down $0.26 on Friday, reaching $63.65. The company had a trading volume of 17,358,827 shares, compared to its average volume of 11,241,235. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.36. The stock’s 50 day moving average is $62.72 and its 200-day moving average is $60.77. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The stock has a market cap of $274.20 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.61 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. Coca-Cola’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. Equities analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.

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.