Coca-Cola Company (The) (KO) Shares Bought by Jackson Wealth Management LLC

Jackson Wealth Management LLC increased its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 4.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,606 shares of the company’s stock after buying an additional 2,813 shares during the quarter. Coca-Cola Company (The) comprises 1.0% of Jackson Wealth Management LLC’s holdings, making the stock its 20th largest position. Jackson Wealth Management LLC’s holdings in Coca-Cola Company (The) were worth $2,795,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Alpha Windward LLC lifted its position in Coca-Cola Company (The) by 0.9% during the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock worth $325,000 after buying an additional 68 shares in the last quarter. Delta Asset Management LLC TN grew its stake in Coca-Cola Company (The) by 0.4% during the 1st quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock worth $1,152,000 after purchasing an additional 96 shares in the last quarter. SignalPoint Asset Management LLC grew its stake in Coca-Cola Company (The) by 1.2% during the 1st quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock worth $434,000 after purchasing an additional 125 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its stake in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its stake in Coca-Cola Company (The) by 3.3% during the 1st quarter. Baystate Wealth Management LLC now owns 4,544 shares of the company’s stock worth $195,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 64.68% of the company’s stock.

In related news, insider Jennifer K. Mann sold 8,819 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $45.61, for a total transaction of $402,234.59. Following the completion of the transaction, the insider now owns 30,553 shares in the company, valued at $1,393,522.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the completion of the sale, the insider now owns 26,567 shares of the company’s stock, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock valued at $16,874,246 in the last ninety days. Insiders own 1.51% of the company’s stock.

A number of analysts have issued reports on the company. Zacks Investment Research raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. UBS AG upped their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.85.

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Coca-Cola Company (NYSE KO) opened at 46.18 on Friday. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.98. The firm has a market cap of $196.97 billion, a price-to-earnings ratio of 48.76 and a beta of 0.71. The company’s 50 day moving average is $45.84 and its 200-day moving average is $44.34.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the business earned $0.60 earnings per share. Coca-Cola Company (The)’s quarterly revenue was down 15.9% on a year-over-year basis. On average, analysts predict that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is presently 154.17%.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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