Hantz Financial Services Inc. Has $13.65 Million Position in CocaCola Company (The) $KO

Hantz Financial Services Inc. lowered its holdings in CocaCola Company (The) (NYSE:KO) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 192,955 shares of the company’s stock after selling 5,150 shares during the quarter. Hantz Financial Services Inc.’s holdings in CocaCola were worth $13,652,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Buck Wealth Strategies LLC grew its position in CocaCola by 9.4% in the 2nd quarter. Buck Wealth Strategies LLC now owns 154,429 shares of the company’s stock valued at $10,926,000 after purchasing an additional 13,224 shares during the period. Arkadios Wealth Advisors grew its position in CocaCola by 3.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 156,398 shares of the company’s stock valued at $11,065,000 after purchasing an additional 5,341 shares during the period. World Investment Advisors grew its position in CocaCola by 125.7% in the 2nd quarter. World Investment Advisors now owns 167,630 shares of the company’s stock valued at $11,860,000 after purchasing an additional 93,373 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in CocaCola by 0.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 33,690 shares of the company’s stock worth $2,384,000 after acquiring an additional 205 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in CocaCola by 7.0% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 25,145 shares of the company’s stock worth $1,779,000 after acquiring an additional 1,653 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, EVP Monica Howard Douglas sold 13,548 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $69.93, for a total value of $947,411.64. Following the transaction, the executive vice president directly owned 37,725 shares of the company’s stock, valued at approximately $2,638,109.25. The trade was a 26.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Max R. Levchin purchased 7,206 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average cost of $69.87 per share, for a total transaction of $503,483.22. Following the completion of the acquisition, the director directly owned 14,267 shares in the company, valued at $996,835.29. The trade was a 102.05% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KO has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada set a $76.00 price objective on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. Cowen reaffirmed a “buy” rating on shares of CocaCola in a report on Wednesday, October 22nd. UBS Group cut their price objective on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, TD Cowen lifted their price objective on shares of CocaCola from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $78.31.

CocaCola Price Performance

Shares of NYSE:KO opened at $68.30 on Thursday. The company’s 50-day moving average is $67.79 and its 200 day moving average is $69.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.00 and a current ratio of 1.21. The company has a market capitalization of $293.82 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 3.66 and a beta of 0.43. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $11.40 billion for the quarter. CocaCola had a net margin of 27.34% and a return on equity of 43.62%. On average, equities research analysts forecast that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st. CocaCola’s payout ratio is 67.55%.

About CocaCola

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.