Carlton Hofferkamp & Jenks Wealth Management LLC Sells 627 Shares of The Coca-Cola Company (NYSE:KO)


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Carlton Hofferkamp & Jenks Wealth Management LLC lowered its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,124 shares of the company’s stock after selling 627 shares during the period. The Coca-Cola accounts for 1.0% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in The Coca-Cola were worth $2,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Crossvault Capital Management LLC lifted its stake in The Coca-Cola by 5.7% in the first quarter. Crossvault Capital Management LLC now owns 63,875 shares of the company’s stock worth $3,367,000 after purchasing an additional 3,458 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its stake in The Coca-Cola by 14.4% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 38,706 shares of the company’s stock worth $2,040,000 after purchasing an additional 4,874 shares during the last quarter. Park Avenue Securities LLC lifted its stake in The Coca-Cola by 11.2% in the first quarter. Park Avenue Securities LLC now owns 63,850 shares of the company’s stock worth $3,366,000 after purchasing an additional 6,434 shares during the last quarter. BCS Wealth Management raised its stake in shares of The Coca-Cola by 48.9% during the first quarter. BCS Wealth Management now owns 9,564 shares of the company’s stock valued at $504,000 after acquiring an additional 3,143 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of The Coca-Cola by 3.6% during the first quarter. Lindbrook Capital LLC now owns 9,266 shares of the company’s stock valued at $488,000 after acquiring an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 65.99% of the company’s stock.

The Coca-Cola stock traded down $0.03 during midday trading on Tuesday, reaching $54.45. 158,220 shares of the company traded hands, compared to its average volume of 17,970,572. The firm has a market capitalization of $234.77 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 5.70 and a beta of 0.58. The business has a 50 day moving average of $52.90 and a two-hundred day moving average of $51.54. The Coca-Cola Company has a 12 month low of $43.20 and a 12 month high of $54.93. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.13 and a quick ratio of 1.01.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Sunday, April 18th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $9 billion for the quarter, compared to the consensus estimate of $8.58 billion. The Coca-Cola had a net margin of 24.90% and a return on equity of 41.37%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, equities analysts forecast that The Coca-Cola Company will post 1.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $1.68 annualized dividend and a yield of 3.09%. The Coca-Cola’s payout ratio is presently 79.62%.

KO has been the subject of several recent analyst reports. Wolfe Research initiated coverage on shares of The Coca-Cola in a research note on Monday, April 12th. They set a “peer perform” rating for the company. HSBC reduced their price target on shares of The Coca-Cola from $61.00 to $58.00 in a research report on Wednesday, January 13th. Morgan Stanley boosted their price target on shares of The Coca-Cola from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, April 26th. Citigroup boosted their price target on shares of The Coca-Cola from $54.00 to $57.00 in a research report on Tuesday, April 20th. Finally, Royal Bank of Canada upgraded shares of The Coca-Cola from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $55.00 to $60.00 in a research report on Monday, March 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Buy” and a consensus price target of $57.69.

In other news, insider Alfredo Rivera sold 20,000 shares of the stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $51.15, for a total value of $1,023,000.00. Following the completion of the sale, the insider now directly owns 62,000 shares of the company’s stock, valued at $3,171,300. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James Quincey sold 110,000 shares of the stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $54.48, for a total transaction of $5,992,800.00. Following the completion of the sale, the chief executive officer now directly owns 266,718 shares of the company’s stock, valued at $14,530,796.64. The disclosure for this sale can be found here. Insiders sold 220,501 shares of company stock worth $11,883,380 over the last quarter. Insiders own 1.01% of the company’s stock.

The Coca-Cola Company 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.

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

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