The Coca-Cola Company (NYSE:KO) Shares Purchased by Hudock Inc.

Hudock Inc. increased its stake in shares of The Coca-Cola Company (NYSE:KO) by 72.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,694 shares of the company’s stock after purchasing an additional 11,674 shares during the period. Hudock Inc.’s holdings in Coca-Cola were worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. ZRC Wealth Management LLC raised its holdings in Coca-Cola by 213.3% in the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the last quarter. Tidemark LLC acquired a new stake in Coca-Cola in the 4th quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in Coca-Cola in the 4th quarter valued at about $27,000. Redmont Wealth Advisors LLC acquired a new stake in Coca-Cola in the 1st quarter valued at about $28,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Coca-Cola in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, major shareholder Cola Co Coca sold 598,619 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the sale, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the sale, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the sale, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The disclosure for this sale can be found here. Insiders have sold a total of 822,284 shares of company stock worth $567,718,040 in the last ninety days. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Trading Down 1.2 %

Shares of NYSE:KO traded down $0.79 during mid-day trading on Monday, reaching $62.97. 11,233,080 shares of the company were exchanged, compared to its average volume of 13,012,614. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The firm has a market cap of $271.27 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 3.60 and a beta of 0.59. The firm’s 50-day simple moving average is $62.93 and its 200 day simple moving average is $60.95. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.36.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. Equities research analysts forecast that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a dividend of $0.485 per share. The ex-dividend date was Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.08%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays increased their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Morgan Stanley increased their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. Evercore ISI increased their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. UBS Group increased their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Argus increased their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.83.

Coca-Cola 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.