The Coca-Cola Company (NYSE:KO) Shares Acquired by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lifted its position in The Coca-Cola Company (NYSE:KO) by 71.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,018 shares of the company’s stock after purchasing an additional 4,160 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Coca-Cola were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KO. New Millennium Group LLC acquired a new position in shares of Coca-Cola in the 2nd quarter valued at $26,000. Tidemark LLC purchased a new stake in shares of Coca-Cola in the fourth quarter valued at about $26,000. ESL Trust Services LLC acquired a new position in shares of Coca-Cola during the first quarter worth about $28,000. Redmont Wealth Advisors LLC purchased a new position in Coca-Cola during the first quarter worth about $28,000. Finally, Private Wealth Management Group LLC acquired a new stake in Coca-Cola in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on KO. TD Cowen boosted their target price on Coca-Cola from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised their target price on Coca-Cola from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Barclays upped their price target on shares of Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.73.

Insider Activity

In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the sale, the insider now owns 218,880 shares in the company, valued at approximately $13,644,979.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the sale, the insider now owns 218,880 shares in the company, valued at approximately $13,644,979.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nancy Quan sold 18,482 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,398,603.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,055,606 shares of company stock worth $584,747,672. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Performance

Coca-Cola stock opened at $71.55 on Wednesday. The stock has a fifty day moving average price of $67.82 and a 200 day moving average price of $63.73. 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 52 week low of $51.55 and a 52 week high of $73.53. The firm has a market capitalization of $308.37 billion, a P/E ratio of 28.62, a PEG ratio of 3.94 and a beta of 0.60.

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

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, September 13th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.71%. Coca-Cola’s dividend payout ratio is currently 77.60%.

About Coca-Cola

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.