Cantor Fitzgerald Investment Advisor L.P Buys 11,825 Shares of The Coca-Cola Company (NYSE:KO)

Cantor Fitzgerald Investment Advisor L.P raised its stake in The Coca-Cola Company (NYSE:KOGet Rating) by 76.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,234 shares of the company’s stock after purchasing an additional 11,825 shares during the period. Cantor Fitzgerald Investment Advisor L.P’s holdings in Coca-Cola were worth $1,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Curi Wealth Management LLC bought a new position in Coca-Cola in the fourth quarter worth $25,000. Shore Point Advisors LLC bought a new position in shares of Coca-Cola during the 4th quarter worth about $28,000. Delos Wealth Advisors LLC boosted its position in shares of Coca-Cola by 4,770.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares in the last quarter. Horan Securities Inc. bought a new stake in Coca-Cola in the fourth quarter valued at about $32,000. Finally, Leverty Financial Group LLC acquired a new position in Coca-Cola in the fourth quarter worth about $35,000. Institutional investors own 68.51% of the company’s stock.

In other Coca-Cola news, SVP Beatriz R. Perez sold 143,924 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $64.78, for a total value of $9,323,396.72. Following the sale, the senior vice president now owns 121,178 shares in the company, valued at $7,849,910.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jennifer K. Mann sold 43,636 shares of Coca-Cola stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $63.81, for a total value of $2,784,413.16. Following the transaction, the senior vice president now owns 66,245 shares of the company’s stock, valued at $4,227,093.45. The disclosure for this sale can be found here. Insiders have sold 412,161 shares of company stock valued at $26,786,278 over the last three months. Insiders own 0.98% of the company’s stock.

Several research firms have issued reports on KO. Credit Suisse Group set a $68.00 price objective on Coca-Cola in a research note on Friday, May 13th. HSBC boosted their target price on Coca-Cola from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, April 26th. JPMorgan Chase & Co. raised their price target on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Tuesday, April 26th. Finally, Guggenheim lifted their price target on Coca-Cola from $68.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and an average target price of $68.05.

Shares of NYSE:KO opened at $61.15 on Thursday. The firm has a market cap of $265.09 billion, a price-to-earnings ratio of 25.69, a PEG 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. The company’s fifty day simple moving average is $63.44 and its 200 day simple moving average is $61.45. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 1.38.

Coca-Cola (NYSE:KOGet Rating) last released its earnings results on Monday, April 25th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.58 by $0.06. The firm had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $9.83 billion. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. Research analysts expect that The Coca-Cola Company will post 2.47 earnings per share for the current fiscal 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 issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.76 annualized dividend and a yield of 2.88%. Coca-Cola’s payout ratio is presently 73.95%.

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.

Further Reading

Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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