Calton & Associates Inc. Buys 318 Shares of The Coca-Cola Company (NYSE:KO)

Calton & Associates Inc. grew its stake in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 4.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,465 shares of the company’s stock after acquiring an additional 318 shares during the period. Calton & Associates Inc.’s holdings in Coca-Cola were worth $462,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KO. Cohen Lawrence B grew its stake in shares of Coca-Cola by 0.3% in the 4th quarter. Cohen Lawrence B now owns 51,742 shares of the company’s stock valued at $3,064,000 after buying an additional 163 shares during the period. Aberdeen Wealth Management LLC lifted its holdings in shares of Coca-Cola by 0.9% in the 4th quarter. Aberdeen Wealth Management LLC now owns 17,867 shares of the company’s stock worth $1,058,000 after acquiring an additional 167 shares during the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of Coca-Cola by 18.5% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,077 shares of the company’s stock worth $64,000 after acquiring an additional 168 shares during the last quarter. Avity Investment Management Inc. lifted its holdings in shares of Coca-Cola by 0.4% in the 4th quarter. Avity Investment Management Inc. now owns 44,087 shares of the company’s stock worth $2,610,000 after acquiring an additional 171 shares during the last quarter. Finally, Veriti Management LLC lifted its holdings in shares of Coca-Cola by 0.3% in the 4th quarter. Veriti Management LLC now owns 54,341 shares of the company’s stock worth $3,218,000 after acquiring an additional 173 shares during the last quarter. 68.51% of the stock is owned by hedge funds and other institutional investors.

In other Coca-Cola news, COO Brian John Smith sold 35,800 shares of the firm’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $67.04, for a total transaction of $2,400,032.00. Following the transaction, the chief operating officer now directly owns 116,168 shares of the company’s stock, valued at approximately $7,787,902.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 143,924 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $64.78, for a total transaction of $9,323,396.72. Following the transaction, the senior vice president now directly owns 121,178 shares in the company, valued at $7,849,910.84. The disclosure for this sale can be found here. Insiders sold a total of 412,161 shares of company stock worth $26,786,278 over the last ninety days. Insiders own 0.98% of the company’s stock.

NYSE KO opened at $61.15 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.98. The firm’s fifty day moving average price is $63.44 and its 200 day moving average price is $61.45. The company has a market capitalization of $265.09 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.52 and a beta of 0.58. The Coca-Cola Company has a 12 month low of $52.28 and a 12 month high of $67.20.

Coca-Cola (NYSE:KOGet Rating) last posted its earnings results on Monday, April 25th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $9.83 billion. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The company’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. As a group, sell-side analysts forecast that The Coca-Cola Company will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is 73.95%.

Several equities analysts have recently commented on the stock. Guggenheim upped their price objective on shares of Coca-Cola from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, April 26th. Cowen upped their price objective on shares of Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a report on Tuesday, April 26th. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Coca-Cola from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Tuesday, April 26th. Finally, StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.05.

Coca-Cola Company Profile (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, 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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