Liberty Wealth Management LLC lessened its holdings in shares of The Coca-Cola Co (NYSE:KO) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,322 shares of the company’s stock after selling 878 shares during the quarter. The Coca-Cola makes up about 1.7% of Liberty Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Liberty Wealth Management LLC’s holdings in The Coca-Cola were worth $2,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brookstone Capital Management boosted its stake in The Coca-Cola by 22.1% during the 1st quarter. Brookstone Capital Management now owns 37,169 shares of the company’s stock worth $1,742,000 after purchasing an additional 6,726 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in The Coca-Cola by 3.1% during the 1st quarter. Deprince Race & Zollo Inc. now owns 481,816 shares of the company’s stock worth $22,578,000 after purchasing an additional 14,334 shares during the last quarter. Steigerwald Gordon & Koch Inc. boosted its stake in The Coca-Cola by 0.8% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 182,180 shares of the company’s stock worth $8,537,000 after purchasing an additional 1,379 shares during the last quarter. Valicenti Advisory Services Inc. boosted its stake in The Coca-Cola by 6.2% during the 1st quarter. Valicenti Advisory Services Inc. now owns 103,084 shares of the company’s stock worth $4,831,000 after purchasing an additional 5,975 shares during the last quarter. Finally, Highland Capital Management LLC boosted its position in shares of The Coca-Cola by 27.6% during the 1st quarter. Highland Capital Management LLC now owns 113,639 shares of the company’s stock valued at $5,325,000 after acquiring an additional 24,586 shares during the last quarter. 66.85% of the stock is currently owned by institutional investors.

NYSE KO opened at $49.13 on Friday. The Coca-Cola Co has a 12 month low of $42.10 and a 12 month high of $50.84. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.02. The stock has a market capitalization of $210.11 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 3.31 and a beta of 0.53.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The company had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.89 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The Coca-Cola’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts predict that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.40 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.60 dividend on an annualized basis and a yield of 3.26%. The Coca-Cola’s payout ratio is currently 76.92%.

Several research analysts have recently weighed in on KO shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Tuesday, April 23rd. Morgan Stanley raised shares of The Coca-Cola from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $55.00 in a research report on Tuesday, May 14th. Credit Suisse Group started coverage on shares of The Coca-Cola in a research report on Wednesday, March 6th. They set a “neutral” rating and a $48.00 price target on the stock. ValuEngine cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Finally, UBS Group boosted their price target on shares of The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Fourteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $51.20.

In other The Coca-Cola news, SVP Beatriz R. Perez sold 14,094 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $49.50, for a total value of $697,653.00. Following the transaction, the senior vice president now owns 108,551 shares of the company’s stock, valued at $5,373,274.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Francisco Crespo sold 16,426 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $49.00, for a total transaction of $804,874.00. Following the completion of the transaction, the insider now directly owns 77,109 shares in the company, valued at approximately $3,778,341. The disclosure for this sale can be found here. Insiders sold 66,840 shares of company stock worth $3,257,201 in the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

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The Coca-Cola Company 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.

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

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