Homrich & Berg Grows Stock Holdings in The Coca-Cola Company (NYSE:KO)

Homrich & Berg boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,750 shares of the company’s stock after purchasing an additional 14,012 shares during the quarter. The Coca-Cola comprises about 0.3% of Homrich & Berg’s investment portfolio, making the stock its 25th largest position. Homrich & Berg’s holdings in The Coca-Cola were worth $12,901,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Calamos Wealth Management LLC raised its stake in shares of The Coca-Cola by 1.5% in the first quarter. Calamos Wealth Management LLC now owns 162,993 shares of the company’s stock valued at $8,591,000 after acquiring an additional 2,339 shares during the period. Wilkinson Global Asset Management LLC purchased a new stake in shares of The Coca-Cola in the first quarter valued at $1,091,000. Jaffetilchin Investment Partners LLC raised its stake in shares of The Coca-Cola by 10.7% in the first quarter. Jaffetilchin Investment Partners LLC now owns 33,966 shares of the company’s stock valued at $1,790,000 after acquiring an additional 3,277 shares during the period. Liberty One Investment Management LLC raised its stake in shares of The Coca-Cola by 4.8% in the first quarter. Liberty One Investment Management LLC now owns 318,360 shares of the company’s stock valued at $16,781,000 after acquiring an additional 14,617 shares during the period. Finally, Eudaimonia Partners LLC raised its stake in shares of The Coca-Cola by 8.7% in the first quarter. Eudaimonia Partners LLC now owns 101,858 shares of the company’s stock valued at $5,369,000 after acquiring an additional 8,172 shares during the period. 66.21% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. Truist increased their target price on shares of The Coca-Cola from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Tuesday, July 6th. Jefferies Financial Group raised their price target on shares of The Coca-Cola from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, July 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $60.00 price target on shares of The Coca-Cola in a research note on Wednesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of The Coca-Cola from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The Coca-Cola currently has a consensus rating of “Buy” and an average target price of $60.33.

The Coca-Cola stock traded down $0.16 during midday trading on Thursday, hitting $56.39. 175,978 shares of the company’s stock were exchanged, compared to its average volume of 13,722,054. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 1.80. The Coca-Cola Company has a 12 month low of $46.22 and a 12 month high of $57.56. The business’s 50-day moving average price is $54.97. The firm has a market cap of $243.14 billion, a P/E ratio of 33.84, a PEG ratio of 3.35 and a beta of 0.61.

The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 20th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The Coca-Cola had a net margin of 21.59% and a return on equity of 41.48%. The company had revenue of $10.10 billion for the quarter, compared to analysts’ expectations of $9.30 billion. During the same period in the prior year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 40.3% on a year-over-year basis. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Wednesday, September 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, September 14th. The Coca-Cola’s dividend payout ratio is currently 86.15%.

In other news, insider Nikolaos Koumettis sold 55,392 shares of the firm’s stock in a transaction dated Friday, June 4th. The shares were sold at an average price of $55.89, for a total value of $3,095,858.88. Following the sale, the insider now directly owns 170,403 shares in the company, valued at approximately $9,523,823.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Quincey sold 110,000 shares of the firm’s stock in a transaction dated Friday, April 23rd. The shares were sold at an average price of $54.48, for a total transaction of $5,992,800.00. Following the completion of the sale, the chief executive officer now owns 266,718 shares in the company, valued at $14,530,796.64. The disclosure for this sale can be found here. Insiders sold a total of 185,303 shares of company stock worth $10,213,630 over the last 90 days. Company insiders own 1.01% of the company’s stock.

The Coca-Cola Company Profile

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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

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