YHB Investment Advisors Inc. Decreases Stock Position in The Coca-Cola Company (NYSE:KO)

YHB Investment Advisors Inc. trimmed its stake in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,032 shares of the company’s stock after selling 225 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Coca-Cola were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Coca-Cola during the fourth quarter valued at about $2,222,027,000. GQG Partners LLC lifted its holdings in Coca-Cola by 5,862.0% in the 1st quarter. GQG Partners LLC now owns 12,930,640 shares of the company’s stock worth $801,538,000 after buying an additional 12,713,757 shares during the period. BlackRock Inc. grew its position in shares of Coca-Cola by 3.7% in the 4th quarter. BlackRock Inc. now owns 279,741,946 shares of the company’s stock worth $16,563,519,000 after buying an additional 9,884,447 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Coca-Cola by 2.6% during the first quarter. Vanguard Group Inc. now owns 351,220,018 shares of the company’s stock valued at $21,775,641,000 after buying an additional 8,961,600 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Coca-Cola by 10.7% during the first quarter. Wellington Management Group LLP now owns 80,654,038 shares of the company’s stock valued at $5,000,550,000 after acquiring an additional 7,800,237 shares in the last quarter. 68.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Carolyn Everson purchased 983 shares of Coca-Cola stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average cost of $62.29 per share, for a total transaction of $61,231.07. Following the completion of the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,435. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Kathy Loveless sold 2,512 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,768.00. Following the transaction, the vice president now directly owns 1,370 shares in the company, valued at approximately $87,680. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carolyn Everson acquired 983 shares of Coca-Cola stock in a transaction that occurred on Wednesday, July 27th. The shares were purchased at an average price of $62.29 per share, with a total value of $61,231.07. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,435. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 45,830 shares of company stock valued at $2,939,961. 0.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. Credit Suisse Group set a $68.00 price objective on shares of Coca-Cola in a research report on Wednesday, July 20th. Morgan Stanley lowered their price objective on shares of Coca-Cola from $76.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. UBS Group upped their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. HSBC raised their target price on Coca-Cola from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th. Finally, JPMorgan Chase & Co. set a $70.00 price target on Coca-Cola in a research note on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.59.

Coca-Cola Stock Down 0.2 %

Shares of Coca-Cola stock opened at $59.26 on Friday. The company has a 50-day simple moving average of $62.58 and a two-hundred day simple moving average of $62.67. The Coca-Cola Company has a 52-week low of $52.28 and a 52-week high of $67.20. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market capitalization of $256.28 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54.

Coca-Cola (NYSE:KOGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Coca-Cola had a return on equity of 42.13% and a net margin of 23.16%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. On average, analysts anticipate that The Coca-Cola Company will post 2.46 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be issued a $0.44 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a yield of 2.97%. Coca-Cola’s payout ratio is 79.64%.

About Coca-Cola

(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.

Featured Articles

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KOGet Rating).

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

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.