Shelton Capital Management Grows Position in Coca-Cola Company (The) (KO)

Shelton Capital Management increased its holdings in Coca-Cola Company (The) (NYSE:KO) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,858 shares of the company’s stock after purchasing an additional 2,350 shares during the quarter. Shelton Capital Management’s holdings in Coca-Cola Company (The) were worth $3,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Portfolio Solutions LLC bought a new stake in shares of Coca-Cola Company (The) in the 1st quarter worth approximately $108,000. Signature Estate & Investment Advisors LLC raised its holdings in shares of Coca-Cola Company (The) by 5.0% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Coca-Cola Company (The) by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after purchasing an additional 264 shares in the last quarter. Welch Investments LLC raised its holdings in shares of Coca-Cola Company (The) by 26.5% in the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after purchasing an additional 733 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Coca-Cola Company (The) in the 1st quarter worth approximately $150,000. Institutional investors and hedge funds own 64.68% of the company’s stock.

In other news, insider J Alexander Douglas, Jr. sold 180,738 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the transaction, the insider now directly owns 315,606 shares of the company’s stock, valued at $14,514,719.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Beatriz R. Perez sold 29,282 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the transaction, the insider now directly owns 118,000 shares in the company, valued at $5,333,600. The disclosure for this sale can be found here. Insiders have sold 396,117 shares of company stock worth $18,197,793 over the last ninety days. 1.51% of the stock is owned by insiders.

Several research analysts have recently weighed in on the stock. UBS AG lifted their target price on shares of Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a $46.00 target price (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Morningstar, Inc. reissued a “neutral” rating on shares of Coca-Cola Company (The) in a research report on Monday, May 29th. Finally, Cowen and Company reissued a “hold” rating and issued a $42.00 target price on shares of Coca-Cola Company (The) in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.79.

Shares of Coca-Cola Company (KO) traded up 0.551% during mid-day trading on Monday, hitting $46.555. 4,171,073 shares of the stock were exchanged. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.58. The company has a market capitalization of $198.57 billion, a PE ratio of 49.161 and a beta of 0.71. The firm has a 50-day moving average price of $45.71 and a 200 day moving average price of $44.21.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue for the quarter was down 15.9% on a year-over-year basis. On average, equities research analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is 154.17%.

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About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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