Liberty Wealth Management LLC Lowers Holdings in The Coca-Cola Co (KO)
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 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.
COPYRIGHT VIOLATION WARNING: “Liberty Wealth Management LLC Lowers Holdings in The Coca-Cola Co (KO)” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/liberty-wealth-management-llc-lowers-holdings-in-the-coca-cola-co-ko/3029163.html.
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 plantbased 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.
Read More: What is a Reverse Stock Split?
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.