Stableford Capital II LLC Decreases Stock Position in The Coca-Cola Company (NYSE:KO)

Stableford Capital II LLC reduced its holdings in shares of The Coca-Cola Company (NYSE:KO) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,937 shares of the company’s stock after selling 1,021 shares during the quarter. Stableford Capital II LLC’s holdings in Coca-Cola were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Investment Group LTD. raised its holdings in shares of Coca-Cola by 2.2% in the first quarter. Cullen Investment Group LTD. now owns 16,747 shares of the company’s stock worth $1,007,000 after acquiring an additional 360 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in Coca-Cola by 0.9% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 28,420 shares of the company’s stock valued at $1,739,000 after purchasing an additional 256 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Coca-Cola by 1.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 155,697 shares of the company’s stock valued at $9,526,000 after purchasing an additional 2,902 shares in the last quarter. Foster Group Inc. acquired a new stake in shares of Coca-Cola during the 1st quarter worth about $269,000. Finally, Collective Family Office LLC purchased a new stake in shares of Coca-Cola during the first quarter worth about $210,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

Coca-Cola stock opened at $70.03 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $301.69 billion, a P/E ratio of 28.14, a PEG ratio of 3.92 and a beta of 0.60. The firm has a fifty day moving average of $70.60 and a 200-day moving average of $65.59. The Coca-Cola Company has a 52-week low of $53.21 and a 52-week high of $73.53.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts predict that The Coca-Cola Company will post 2.85 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KO shares. Deutsche Bank Aktiengesellschaft upped 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. Barclays lifted their price objective on Coca-Cola from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. StockNews.com downgraded Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Citigroup lifted their price target on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley increased their price objective on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.33.

Insiders Place Their Bets

In other news, EVP Nancy Quan sold 18,484 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $69.01, for a total transaction of $2,667,443.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 356,792 shares of company stock worth $24,728,364 in the last 90 days. 0.97% of the stock is owned by company insiders.

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.