The Coca-Cola Company (NYSE:KO) Stock Holdings Boosted by Duality Advisers LP

Duality Advisers LP raised its position in The Coca-Cola Company (NYSE:KO) by 191.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,851 shares of the company’s stock after acquiring an additional 73,434 shares during the quarter. Coca-Cola makes up 0.7% of Duality Advisers LP’s investment portfolio, making the stock its 5th largest position. Duality Advisers LP’s holdings in Coca-Cola were worth $6,843,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KO. ZRC Wealth Management LLC boosted its stake in Coca-Cola by 213.3% during the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares in the last quarter. Tidemark LLC bought a new position in shares of Coca-Cola in the fourth quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new position in shares of Coca-Cola in the fourth quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new position in shares of Coca-Cola in the first quarter worth approximately $28,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Coca-Cola in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Coca-Cola Trading Up 1.4 %

Shares of Coca-Cola stock traded up $0.89 during trading on Friday, hitting $63.99. The stock had a trading volume of 4,807,313 shares, compared to its average volume of 12,920,783. The firm’s fifty day simple moving average is $63.01 and its 200-day simple moving average is $61.04. The stock has a market cap of $275.67 billion, a PE ratio of 25.46, a PEG ratio of 3.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.36.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, June 14th. Coca-Cola’s dividend payout ratio is presently 77.60%.

Insider Buying and Selling at Coca-Cola

In other news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the transaction, the insider now owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the sale, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 19,304 shares of Coca-Cola stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $14,168,055.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 822,284 shares of company stock valued at $567,718,040. Company insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KO shares. UBS Group upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Argus increased their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Evercore ISI increased their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. BNP Paribas began coverage on shares of Coca-Cola in a report on Monday, June 24th. They set an “outperform” rating and a $72.00 target price for the company. Finally, Barclays upped their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $70.00.

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, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.