Rosenberg Matthew Hamilton Has $444,000 Stake in The Coca-Cola Company (NYSE:KO)

Rosenberg Matthew Hamilton boosted its holdings in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,897 shares of the company’s stock after buying an additional 615 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Coca-Cola were worth $444,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Clark Capital Management Group Inc. grew its position in shares of Coca-Cola by 12.1% in the fourth quarter. Clark Capital Management Group Inc. now owns 13,701 shares of the company’s stock valued at $811,000 after purchasing an additional 1,475 shares during the last quarter. HBK Investments L P acquired a new stake in shares of Coca-Cola in the fourth quarter valued at about $1,036,000. IHT Wealth Management LLC grew its position in shares of Coca-Cola by 2.7% in the fourth quarter. IHT Wealth Management LLC now owns 42,555 shares of the company’s stock valued at $2,520,000 after purchasing an additional 1,121 shares during the last quarter. Banco de Sabadell S.A grew its position in shares of Coca-Cola by 19.1% in the fourth quarter. Banco de Sabadell S.A now owns 27,334 shares of the company’s stock valued at $1,615,000 after purchasing an additional 4,389 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Coca-Cola by 1.8% in the fourth quarter. LPL Financial LLC now owns 1,966,533 shares of the company’s stock valued at $116,438,000 after buying an additional 35,490 shares during the period. 68.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Carolyn Everson bought 983 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were bought at an average cost of $62.29 per share, with a total value of $61,231.07. Following the acquisition, the director now owns 1,500 shares in the company, valued at $93,435. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Kathy Loveless sold 2,512 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,768.00. Following the sale, the vice president now directly owns 1,370 shares of the company’s stock, valued at approximately $87,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Everson purchased 983 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the purchase, the director now owns 1,500 shares in the company, valued at approximately $93,435. The disclosure for this purchase can be found here. Insiders have sold 45,830 shares of company stock valued at $2,939,961 in the last three months. 0.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $70.00 target price on shares of Coca-Cola in a research note on Tuesday, July 26th. Credit Suisse Group set a $68.00 target price on shares of Coca-Cola in a research note on Wednesday, July 20th. StockNews.com raised Coca-Cola from a “hold” rating to a “buy” rating in a report on Saturday, August 6th. HSBC increased their target price on Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Finally, Morgan Stanley dropped their price objective on Coca-Cola from $76.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus target price of $69.59.

Coca-Cola Trading Down 0.4 %

KO opened at $59.03 on Friday. The stock has a market capitalization of $255.28 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.76 and a beta of 0.54. The Coca-Cola Company has a 12 month low of $52.28 and a 12 month high of $67.20. The firm’s fifty day simple moving average is $62.58 and its 200 day simple moving average is $62.67. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.48.

Coca-Cola (NYSE:KOGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the firm posted $0.68 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, research 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 declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a yield of 2.98%. Coca-Cola’s dividend payout ratio (DPR) is presently 79.64%.

About Coca-Cola

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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.

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

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