Heritage Wealth Advisors Has $849,000 Position in Coca-Cola Co. (KO)
Heritage Wealth Advisors increased its stake in shares of Coca-Cola Co. (NYSE:KO) by 48.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,730 shares of the company’s stock after buying an additional 6,107 shares during the period. Coca-Cola comprises 0.6% of Heritage Wealth Advisors’ investment portfolio, making the stock its 27th largest position. Heritage Wealth Advisors’ holdings in Coca-Cola were worth $849,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its position in Coca-Cola by 562.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,483 shares of the company’s stock valued at $113,000 after buying an additional 2,108 shares during the period. Country Trust Bank increased its position in Coca-Cola by 25.0% in the second quarter. Country Trust Bank now owns 2,500 shares of the company’s stock valued at $113,000 after buying an additional 500 shares during the period. Tradewinds Capital Management LLC increased its position in Coca-Cola by 6.8% in the second quarter. Tradewinds Capital Management LLC now owns 2,744 shares of the company’s stock valued at $124,000 after buying an additional 174 shares during the period. Taylor Wealth Management Partners increased its position in Coca-Cola by 128.5% in the second quarter. Taylor Wealth Management Partners now owns 2,970 shares of the company’s stock valued at $135,000 after buying an additional 1,670 shares during the period. Finally, Smith Affiliated Capital Corp. increased its position in Coca-Cola by 147.2% in the second quarter. Smith Affiliated Capital Corp. now owns 3,023 shares of the company’s stock valued at $137,000 after buying an additional 1,800 shares during the period. Institutional investors own 64.42% of the company’s stock.
Coca-Cola Co. (NYSE:KO) traded up 0.57% on Tuesday, reaching $42.34. The company had a trading volume of 8,391,466 shares. The firm has a market capitalization of $182.74 billion, a P/E ratio of 24.36 and a beta of 0.57. The company’s 50-day moving average price is $43.41 and its 200 day moving average price is $44.76. Coca-Cola Co. has a 1-year low of $38.51 and a 1-year high of $47.13.
Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The company had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts forecast that Coca-Cola Co. will post $1.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Tuesday, September 13th. Coca-Cola’s payout ratio is 80.46%.
Several equities analysts recently weighed in on the company. Susquehanna reiterated a “hold” rating on shares of Coca-Cola in a research report on Sunday, July 17th. Vetr reissued a “buy” rating on shares of Coca-Cola in a report on Thursday, July 28th. Zacks Investment Research raised Coca-Cola from a “sell” rating to a “hold” rating in a report on Friday, July 8th. Goldman Sachs Group Inc. set a $45.00 price target on Coca-Cola and gave the company a “neutral” rating in a report on Thursday, July 28th. Finally, Sanford C. Bernstein set a $49.00 price target on Coca-Cola and gave the company a “buy” rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.75.
Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Co. (NYSE:KO).
Receive News & Ratings for Coca-Cola Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.