Coca-Cola Co (The) (NYSE:KO) Shares Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC grew its position in shares of Coca-Cola Co (The) (NYSE:KO) by 3.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 101,069 shares of the company’s stock after purchasing an additional 3,705 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Coca-Cola were worth $4,473,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Quinn Opportunity Partners LLC bought a new stake in shares of Coca-Cola during the 1st quarter worth $443,000. Bluestein R H & Co. boosted its stake in shares of Coca-Cola by 80.4% during the 1st quarter. Bluestein R H & Co. now owns 14,651 shares of the company’s stock worth $648,000 after acquiring an additional 6,530 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Coca-Cola by 3,200.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,980 shares of the company’s stock worth $88,000 after acquiring an additional 1,920 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Coca-Cola by 32.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 284,131 shares of the company’s stock worth $12,573,000 after acquiring an additional 68,929 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Coca-Cola during the 1st quarter worth $528,000. Institutional investors own 67.41% of the company’s stock.

In other Coca-Cola news, SVP Lisa Chang acquired 1,650 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average cost of $46.74 per share, for a total transaction of $77,121.00. Following the completion of the purchase, the senior vice president now owns 5,826 shares of the company’s stock, valued at approximately $272,307.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.01% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Coca-Cola from a “hold” rating to a “sell” rating and set a $49.00 price objective for the company. in a research note on Wednesday. DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, March 25th. SunTrust Banks reissued an “outperform” rating and set a $65.00 price objective on shares of Coca-Cola in a research report on Friday, January 31st. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Coca-Cola from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Finally, Goldman Sachs Group assumed coverage on Coca-Cola in a research report on Wednesday, April 1st. They set a “neutral” rating and a $46.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $54.59.

NYSE KO traded up $0.59 during trading on Thursday, hitting $47.32. 9,086,849 shares of the company traded hands, compared to its average volume of 16,677,944. Coca-Cola Co has a 12 month low of $36.27 and a 12 month high of $60.13. The business has a fifty day simple moving average of $46.03 and a 200 day simple moving average of $51.79. The company has a current ratio of 0.87, a quick ratio of 0.76 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $197.95 billion, a P/E ratio of 20.42, a PEG ratio of 5.24 and a beta of 0.56.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.32 billion. Coca-Cola had a return on equity of 45.26% and a net margin of 26.95%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. Equities research analysts predict that Coca-Cola Co will post 1.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.47%. Coca-Cola’s payout ratio is presently 77.73%.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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 Coca-Cola (NYSE:KO)

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