Bontempo Ohly Capital Mgmt LLC Grows Position in The Coca-Cola Company (NYSE:KO)

Bontempo Ohly Capital Mgmt LLC raised its stake in The Coca-Cola Firm (NYSE:KO – Free Report) by 1.4% in the course of the second quarter, in line with the corporate in its most up-to-date Kind 13F submitting with the Securities and Alternate Fee. The fund owned 67,878 shares of the corporate’s inventory after buying a further 930 shares in the course of the interval. Coca-Cola makes up 2.2% of Bontempo Ohly Capital Mgmt LLC’s portfolio, making the inventory its sixth largest place. Bontempo Ohly Capital Mgmt LLC’s holdings in Coca-Cola had been price $4,320,000 as of its most up-to-date submitting with the Securities and Alternate Fee.

A number of different institutional buyers and hedge funds have additionally just lately modified their holdings of the inventory. New Millennium Group LLC purchased a brand new place in Coca-Cola within the 2nd quarter valued at roughly $26,000. Redmont Wealth Advisors LLC purchased a brand new place in shares of Coca-Cola in the course of the first quarter valued at $28,000. ESL Belief Providers LLC bought a brand new stake in shares of Coca-Cola in the course of the first quarter valued at $28,000. DiNuzzo Personal Wealth Inc. elevated its holdings in Coca-Cola by 65.0% within the 1st quarter. DiNuzzo Personal Wealth Inc. now owns 523 shares of the corporate’s inventory price $32,000 after shopping for a further 206 shares within the final quarter. Lastly, Mount Lucas Administration LP bought a brand new place in Coca-Cola within the 2nd quarter price about $38,000. 70.26% of the inventory is at present owned by institutional buyers.

Insiders Place Their Bets

In different information, EVP Nancy Quan bought 18,484 shares of Coca-Cola inventory in a transaction that occurred on Tuesday, August twenty seventh. The shares had been bought at a mean worth of $71.50, for a complete transaction of $1,321,606.00. Following the sale, the chief vice chairman now owns 223,330 shares within the firm, valued at $15,968,095. The transaction was disclosed in a doc filed with the SEC, which is on the market at this hyperlink. In different information, EVP Nancy Quan bought 18,484 shares of the agency’s inventory in a transaction dated Tuesday, August twenty seventh. The inventory was bought at a mean worth of $71.50, for a complete transaction of $1,321,606.00. Following the completion of the transaction, the chief vice chairman now owns 223,330 shares within the firm, valued at $15,968,095. The sale was disclosed in a doc filed with the SEC, which is on the market on the SEC web site. Additionally, CEO James Quincey bought 102,533 shares of the enterprise’s inventory in a transaction dated Wednesday, August twenty first. The inventory was bought at a mean worth of $70.02, for a complete worth of $7,179,360.66. Following the completion of the sale, the chief govt officer now owns 442,546 shares within the firm, valued at $30,987,070.92. The disclosure for this sale may be discovered right here. Insiders bought 974,715 shares of firm inventory price $579,704,927 within the final three months. 0.97% of the inventory is owned by firm insiders.

Wall Road Analyst Weigh In

Quite a lot of brokerages have just lately commented on KO. BNP Paribas initiated protection on shares of Coca-Cola in a analysis notice on Monday, June twenty fourth. They issued an “outperform” score and a $72.00 worth goal for the corporate. Financial institution of America lifted their goal worth on shares of Coca-Cola from $68.00 to $70.00 and gave the inventory a “purchase” score in a analysis report on Wednesday, July tenth. Deutsche Financial institution Aktiengesellschaft elevated their worth goal on Coca-Cola from $64.00 to $65.00 and gave the corporate a “maintain” score in a report on Wednesday, July twenty fourth. Wells Fargo & Firm upped their worth goal on Coca-Cola from $73.00 to $78.00 and gave the corporate an “chubby” score in a analysis report on Monday, September sixteenth. Lastly, Barclays raised their goal worth on Coca-Cola from $69.00 to $70.00 and gave the inventory an “chubby” score in a analysis report on Thursday, July twenty fifth. 5 analysis analysts have rated the inventory with a maintain score and twelve have issued a purchase score to the corporate’s inventory. Primarily based on information from MarketBeat.com, the corporate at present has a mean score of “Reasonable Purchase” and a consensus worth goal of $71.07.

Verify Out Our Newest Inventory Evaluation on KO

Coca-Cola Inventory Efficiency

KO opened at $71.79 on Friday. The corporate has a 50 day easy transferring common of $69.82 and a two-hundred day easy transferring common of $64.75. The corporate has a debt-to-equity ratio of 1.39, a present ratio of 1.08 and a fast ratio of 0.92. The agency has a market cap of $309.27 billion, a P/E ratio of 28.72, a PEG ratio of three.97 and a beta of 0.60. The Coca-Cola Firm has a 1-year low of $51.55 and a 1-year excessive of $73.53.

Coca-Cola (NYSE:KO – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, July twenty third. The corporate reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a return on fairness of 43.62% and a web margin of twenty-two.92%. The enterprise had income of $12.40 billion in the course of the quarter, in comparison with analyst estimates of $11.78 billion. Throughout the identical quarter within the prior yr, the enterprise posted $0.78 EPS. Coca-Cola’s income for the quarter was up 3.3% in comparison with the identical quarter final yr. Equities analysts forecast that The Coca-Cola Firm will publish 2.85 earnings per share for the present fiscal yr.

Coca-Cola Dividend Announcement

The agency additionally just lately declared a quarterly dividend, which will likely be paid on Tuesday, October 1st. Traders of file on Friday, September thirteenth will likely be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, September thirteenth. This represents a $1.94 dividend on an annualized foundation and a yield of two.70%. Coca-Cola’s dividend payout ratio is presently 77.60%.

Coca-Cola Firm Profile

(Free Report)

The Coca-Cola Firm, a beverage firm, manufactures, markets, and sells varied nonalcoholic drinks worldwide. The corporate offers glowing mushy drinks, glowing flavors; water, sports activities, espresso, and tea; juice, value-added dairy, and plant-based drinks; and different drinks. It additionally provides beverage concentrates and syrups, in addition to fountain syrups to fountain retailers, akin to eating places and comfort shops.

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