CMC Financial Group purchased a new stake in shares of The Coca-Cola Co (NYSE:KO) in the first quarter, Holdings Channel reports. The firm purchased 4,640 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds have also made changes to their positions in KO. Prime Capital Investment Advisors LLC bought a new stake in shares of The Coca-Cola in the 1st quarter worth $28,000. Orrstown Financial Services Inc. grew its stake in shares of The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock worth $35,000 after acquiring an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of The Coca-Cola in the 1st quarter worth $35,000. Transamerica Financial Advisors Inc. grew its stake in shares of The Coca-Cola by 567.7% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock worth $41,000 after acquiring an additional 721 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in shares of The Coca-Cola in the 4th quarter worth $45,000. Institutional investors and hedge funds own 66.83% of the company’s stock.

In other news, SVP Nancy Quan sold 23,320 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.95, for a total value of $1,118,194.00. Following the sale, the senior vice president now directly owns 165,049 shares of the company’s stock, valued at $7,914,099.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Francisco Crespo sold 125,948 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $6,297,400.00. Following the completion of the sale, the insider now directly owns 186,631 shares in the company, valued at $9,331,550. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 316,600 shares of company stock worth $15,760,365. Insiders own 1.33% of the company’s stock.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Friday, April 26th. Morgan Stanley raised shares of The Coca-Cola from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $52.00 to $55.00 in a report on Tuesday, May 14th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $51.00 price target on shares of The Coca-Cola in a report on Thursday, February 14th. Deutsche Bank boosted their price target on shares of The Coca-Cola from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, UBS Group reissued a “neutral” rating and issued a $50.00 price target on shares of The Coca-Cola in a report on Friday, February 15th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The Coca-Cola presently has a consensus rating of “Hold” and a consensus price target of $51.05.

NYSE KO opened at $51.64 on Thursday. The stock has a market cap of $219.66 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.46 and a beta of 0.50. The Coca-Cola Co has a 52 week low of $42.96 and a 52 week high of $52.19. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.10%. The ex-dividend date is Thursday, June 13th. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Further Reading: What are retained earnings?

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 Co (NYSE:KO).

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

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