Hexagon Capital Partners LLC Raises Position in The Coca-Cola Company (NYSE:KO)

Hexagon Capital Partners LLC grew its position in shares of The Coca-Cola Company (NYSE:KO) by 17.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,884 shares of the company’s stock after buying an additional 2,263 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Coca-Cola were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KO. Enterprise Bank & Trust Co raised its position in shares of Coca-Cola by 3.4% in the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock worth $296,000 after acquiring an additional 167 shares in the last quarter. Goelzer Investment Management Inc. boosted its stake in Coca-Cola by 1.8% in the fourth quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company’s stock valued at $571,000 after acquiring an additional 169 shares in the last quarter. Elk River Wealth Management LLC grew its holdings in Coca-Cola by 1.6% in the fourth quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock worth $639,000 after purchasing an additional 170 shares during the last quarter. KRS Capital Management LLC increased its position in shares of Coca-Cola by 3.8% during the fourth quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock worth $274,000 after purchasing an additional 170 shares in the last quarter. Finally, O ROURKE & COMPANY Inc lifted its holdings in shares of Coca-Cola by 0.9% during the 1st quarter. O ROURKE & COMPANY Inc now owns 18,543 shares of the company’s stock valued at $1,134,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded down $0.37 during trading hours on Monday, reaching $63.28. The stock had a trading volume of 10,016,643 shares, compared to its average volume of 13,101,016. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.36. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $272.61 billion, a PE ratio of 25.33, a PEG ratio of 3.60 and a beta of 0.59. The stock’s 50 day moving average is $62.72 and its 200 day moving average is $60.78.

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

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, June 14th. Coca-Cola’s payout ratio is 77.60%.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research analyst reports. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. UBS Group lifted their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Evercore ISI upped their target price on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Morgan Stanley raised their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Finally, Argus upped their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.83.

Insider Activity

In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of Coca-Cola stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the sale, the executive vice president now owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The disclosure for this sale can be found here. Insiders have sold a total of 223,665 shares of company stock worth $13,995,465 over the last 90 days. 0.97% of the stock is currently owned by company insiders.

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.