YorkBridge Wealth Partners LLC Increases Stake in Coca-Cola Company (The) (KO)
YorkBridge Wealth Partners LLC increased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,063 shares of the company’s stock after buying an additional 11 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Coca-Cola were worth $1,390,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Cambridge Advisors Inc. boosted its position in Coca-Cola by 0.3% during the second quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after purchasing an additional 26 shares in the last quarter. Lyell Wealth Management LP boosted its position in Coca-Cola by 0.6% during the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after purchasing an additional 50 shares in the last quarter. Regentatlantic Capital LLC boosted its position in Coca-Cola by 0.4% during the second quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after purchasing an additional 64 shares in the last quarter. Vigilant Capital Management LLC boosted its position in Coca-Cola by 1.9% during the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after purchasing an additional 68 shares in the last quarter. Finally, Noesis Capital Mangement Corp boosted its position in Coca-Cola by 1.0% during the second quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock valued at $389,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 65.38% of the company’s stock.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.51% of the company’s stock.
Shares of Coca-Cola Company (NYSE:KO) traded down $0.47 during trading hours on Monday, hitting $45.31. The stock had a trading volume of 13,238,500 shares, compared to its average volume of 11,495,414. Coca-Cola Company has a 1 year low of $40.22 and a 1 year high of $47.48. The stock has a market capitalization of $193,050.83, a PE ratio of 23.97, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.
Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. research analysts expect that Coca-Cola Company will post 1.9 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola’s payout ratio is 140.95%.
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The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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