Stewardship Financial Advisors LLC Has $1.28 Million Position in The Coca-Cola Company (NYSE:KO)


Share on StockTwits

Stewardship Financial Advisors LLC lessened its holdings in The Coca-Cola Company (NYSE:KO) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,324 shares of the company’s stock after selling 874 shares during the period. The Coca-Cola makes up 0.4% of Stewardship Financial Advisors LLC’s portfolio, making the stock its 29th biggest position. Stewardship Financial Advisors LLC’s holdings in The Coca-Cola were worth $1,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in The Coca-Cola by 16.3% during the 4th quarter. FMR LLC now owns 56,240,715 shares of the company’s stock valued at $3,084,241,000 after purchasing an additional 7,887,519 shares during the last quarter. Morgan Stanley boosted its stake in The Coca-Cola by 7.5% in the fourth quarter. Morgan Stanley now owns 48,640,574 shares of the company’s stock worth $2,667,449,000 after purchasing an additional 3,397,649 shares in the last quarter. Norges Bank bought a new stake in shares of The Coca-Cola during the fourth quarter worth $2,345,618,000. Bank of New York Mellon Corp increased its stake in shares of The Coca-Cola by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 39,835,440 shares of the company’s stock valued at $2,184,577,000 after buying an additional 3,818,182 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in The Coca-Cola by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,883,047 shares of the company’s stock worth $2,077,505,000 after buying an additional 1,995,835 shares in the last quarter. Hedge funds and other institutional investors own 65.99% of the company’s stock.

A number of analysts recently weighed in on KO shares. Morgan Stanley raised their price target on shares of The Coca-Cola from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft cut The Coca-Cola from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $57.00 to $55.00 in a report on Tuesday, January 5th. Sanford C. Bernstein began coverage on shares of The Coca-Cola in a research note on Tuesday, January 19th. They issued an “outperform” rating and a $58.00 target price on the stock. HSBC lowered their price target on shares of The Coca-Cola from $61.00 to $58.00 in a research report on Wednesday, January 13th. Finally, Guggenheim cut shares of The Coca-Cola from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $55.21.

In related news, insider Alfredo Rivera sold 20,000 shares of the stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $51.15, for a total transaction of $1,023,000.00. Following the completion of the transaction, the insider now directly owns 62,000 shares in the company, valued at $3,171,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kathy Loveless sold 501 shares of The Coca-Cola stock in a transaction that occurred on Friday, March 19th. The shares were sold at an average price of $50.46, for a total value of $25,280.46. Following the completion of the sale, the vice president now directly owns 10,224 shares in the company, valued at approximately $515,903.04. The disclosure for this sale can be found here. Insiders have sold 80,501 shares of company stock valued at $4,246,280 in the last three months. 1.01% of the stock is owned by insiders.

KO stock traded up $0.35 during midday trading on Monday, hitting $54.03. 539,225 shares of the company’s stock were exchanged, compared to its average volume of 18,488,027. The Coca-Cola Company has a one year low of $43.20 and a one year high of $54.93. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.13. The company has a market cap of $232.83 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 5.70 and a beta of 0.58. The stock’s fifty day moving average price is $51.63 and its 200-day moving average price is $51.19.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Monday, April 19th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The Coca-Cola had a return on equity of 41.37% and a net margin of 24.90%. The business had revenue of $9 billion for the quarter, compared to analysts’ expectations of $8.58 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The Coca-Cola’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that The Coca-Cola Company will post 1.88 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Monday, March 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, March 12th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.41. The Coca-Cola’s dividend payout ratio is 79.62%.

The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Further Reading: What Is Dividend Yield and How Do You Calculate It?

Institutional Ownership by Quarter for The Coca-Cola (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.