Stephens Inc. AR Acquires 4,027 Shares of The Coca-Cola Company (NYSE:KO)

Stephens Inc. AR grew its stake in The Coca-Cola Company (NYSE:KO) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,193,800 shares of the company’s stock after acquiring an additional 4,027 shares during the quarter. The Coca-Cola accounts for 1.0% of Stephens Inc. AR’s holdings, making the stock its 13th biggest position. Stephens Inc. AR’s holdings in The Coca-Cola were worth $64,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in KO. Litman Gregory Asset Management LLC acquired a new position in shares of The Coca-Cola in the second quarter valued at approximately $27,000. Elkhorn Partners Limited Partnership bought a new position in The Coca-Cola during the 1st quarter worth about $32,000. Hillsdale Investment Management Inc. bought a new position in The Coca-Cola during the 2nd quarter worth about $32,000. Tortoise Investment Management LLC lifted its holdings in shares of The Coca-Cola by 108.8% in the second quarter. Tortoise Investment Management LLC now owns 618 shares of the company’s stock valued at $33,000 after purchasing an additional 322 shares in the last quarter. Finally, Sage Financial Management Group Inc. bought a new position in shares of The Coca-Cola during the first quarter worth about $51,000. 66.67% of the stock is currently owned by institutional investors.

NYSE KO traded down $0.76 during trading on Tuesday, reaching $52.85. The company’s stock had a trading volume of 279,289 shares, compared to its average volume of 15,641,874. The company has a current ratio of 1.47, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The Coca-Cola Company has a 12 month low of $47.30 and a 12 month high of $57.56. The firm has a 50 day moving average price of $56.14 and a 200 day moving average price of $54.79. The firm has a market capitalization of $227.87 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62.

The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, July 20th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.12. The company had revenue of $10.10 billion for the quarter, compared to analyst estimates of $9.30 billion. The Coca-Cola had a return on equity of 44.17% and a net margin of 22.19%. The Coca-Cola’s quarterly revenue was up 40.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. On average, equities analysts forecast that The Coca-Cola Company will post 2.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Wednesday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Tuesday, September 14th. The Coca-Cola’s dividend payout ratio (DPR) is presently 86.15%.

In related news, SVP Nancy Quan sold 19,911 shares of the business’s stock in a transaction on Friday, July 16th. The stock was sold at an average price of $56.50, for a total transaction of $1,124,971.50. Following the sale, the senior vice president now owns 196,745 shares in the company, valued at approximately $11,116,092.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brian John Smith sold 10,000 shares of the business’s stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $55.65, for a total value of $556,500.00. Following the sale, the chief operating officer now owns 144,229 shares in the company, valued at $8,026,343.85. The disclosure for this sale can be found here. Insiders have sold a total of 68,188 shares of company stock worth $3,864,107 in the last quarter. 1.01% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. Citigroup raised their price target on shares of The Coca-Cola from $57.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of The Coca-Cola from $56.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, July 22nd. UBS Group raised their price objective on The Coca-Cola from $59.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, July 22nd. Morgan Stanley upped their target price on The Coca-Cola from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, July 22nd. Finally, Jefferies Financial Group raised their price target on The Coca-Cola from $57.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, July 16th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $61.25.

About The Coca-Cola

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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

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