Sei Investments Co. Has $53.42 Million Stock Position in The Coca-Cola Company (NYSE:KO)

Sei Investments Co. raised its stake in The Coca-Cola Company (NYSE:KO) by 5.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,001,998 shares of the company’s stock after buying an additional 54,402 shares during the period. Sei Investments Co.’s holdings in The Coca-Cola were worth $53,415,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KO. Retirement Group LLC raised its stake in shares of The Coca-Cola by 70.4% during the first quarter. Retirement Group LLC now owns 484 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in The Coca-Cola by 136.3% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,229 shares of the company’s stock valued at $28,000 after purchasing an additional 709 shares in the last quarter. Paradigm Strategies in Wealth Management LLC bought a new stake in The Coca-Cola in the first quarter valued at $29,000. Elkhorn Partners Limited Partnership acquired a new position in shares of The Coca-Cola during the first quarter valued at about $32,000. Finally, Merrion Investment Management Co LLC purchased a new position in The Coca-Cola during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Shares of NYSE KO opened at $55.91 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.33 and a debt-to-equity ratio of 1.80. The Coca-Cola Company has a 12 month low of $43.51 and a 12 month high of $56.48. The company has a market cap of $241.07 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 3.38 and a beta of 0.61. The stock has a fifty day moving average of $54.37.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Sunday, April 18th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The Coca-Cola had a net margin of 21.59% and a return on equity of 41.48%. The business had revenue of $9 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts expect that The Coca-Cola Company will post 2.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 15th will be issued a $0.42 dividend. The ex-dividend date is Monday, June 14th. This represents a $1.68 annualized dividend and a yield of 3.00%. The Coca-Cola’s dividend payout ratio (DPR) is presently 86.15%.

Several research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of The Coca-Cola from $54.00 to $57.00 in a report on Tuesday, April 20th. Morgan Stanley boosted their target price on shares of The Coca-Cola from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, June 4th. Credit Suisse Group reiterated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research note on Wednesday, April 21st. Evercore ISI boosted their target price on shares of The Coca-Cola from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, April 20th. Finally, Wolfe Research initiated coverage on shares of The Coca-Cola in a research report on Monday, April 12th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.00.

In other The Coca-Cola news, VP Kathy Loveless sold 501 shares of the firm’s stock in a transaction dated Friday, March 19th. The shares were sold at an average price of $50.46, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Quincey sold 110,000 shares of the firm’s stock in a transaction dated Friday, April 23rd. The shares were sold at an average price of $54.48, for a total transaction of $5,992,800.00. Following the sale, the chief executive officer now 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 a total of 255,893 shares of company stock valued at $13,956,239 over the last 90 days. Company insiders own 1.01% of the company’s stock.

About The Coca-Cola

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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