Home Federal Bank of Tennessee Raises Stake in The Coca-Cola Company (NYSE:KO)

Home Federal Bank of Tennessee raised its holdings in shares of The Coca-Cola Company (NYSE:KO) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,542 shares of the company’s stock after acquiring an additional 460 shares during the period. Home Federal Bank of Tennessee’s holdings in Coca-Cola were worth $1,764,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Austin Private Wealth LLC lifted its stake in shares of Coca-Cola by 12.0% in the 1st quarter. Austin Private Wealth LLC now owns 4,716 shares of the company’s stock valued at $282,000 after acquiring an additional 505 shares during the last quarter. Annex Advisory Services LLC grew its holdings in Coca-Cola by 3.6% in the 1st quarter. Annex Advisory Services LLC now owns 6,322 shares of the company’s stock worth $387,000 after acquiring an additional 222 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Coca-Cola in the 1st quarter worth about $102,000. Gilman Hill Asset Management LLC raised its position in shares of Coca-Cola by 15.6% in the 1st quarter. Gilman Hill Asset Management LLC now owns 10,504 shares of the company’s stock worth $643,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Coca-Cola by 9.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 82,323 shares of the company’s stock valued at $5,036,000 after purchasing an additional 6,880 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Coca-Cola Stock Down 0.0 %

Shares of KO stock traded down $0.02 during trading hours on Tuesday, reaching $69.43. 3,321,774 shares of the company’s stock were exchanged, compared to its average volume of 13,111,512. 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 company has a market cap of $299.10 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 3.92 and a beta of 0.60. The Coca-Cola Company has a fifty-two week low of $54.04 and a fifty-two week high of $73.53. The stock’s 50 day moving average is $70.73 and its 200-day moving average is $65.87.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results 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. The business had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. Analysts predict that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 dividend on an annualized basis and a yield of 2.79%. Coca-Cola’s payout ratio is 77.60%.

Insider Activity

In related news, EVP Nancy Quan sold 18,482 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,398,603.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO James Quincey sold 102,533 shares of Coca-Cola stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total value of $7,179,360.66. Following the sale, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 18,482 shares of Coca-Cola stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $68.95, for a total transaction of $1,274,333.90. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,398,603.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 356,792 shares of company stock valued at $24,728,364 over the last ninety days. 0.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KO. Barclays upped their price target on Coca-Cola from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Morgan Stanley increased their price target 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Hsbc Global Res upgraded shares of Coca-Cola to a “strong-buy” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada upped their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Coca-Cola has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Coca-Cola 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.