Harwood Advisory Group LLC Has $2.96 Million Position in The Coca-Cola Co (NYSE:KO)

Harwood Advisory Group LLC grew its holdings in The Coca-Cola Co (NYSE:KO) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,058 shares of the company’s stock after purchasing an additional 3,460 shares during the quarter. Harwood Advisory Group LLC’s holdings in The Coca-Cola were worth $2,956,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Davy Asset Management Ltd acquired a new stake in The Coca-Cola during the second quarter worth about $891,000. Curbstone Financial Management Corp grew its position in The Coca-Cola by 6.0% during the second quarter. Curbstone Financial Management Corp now owns 20,550 shares of the company’s stock worth $1,046,000 after buying an additional 1,170 shares in the last quarter. Marathon Capital Management grew its position in The Coca-Cola by 7.0% during the second quarter. Marathon Capital Management now owns 10,851 shares of the company’s stock worth $552,000 after buying an additional 712 shares in the last quarter. Boston Advisors LLC grew its position in The Coca-Cola by 257.9% during the second quarter. Boston Advisors LLC now owns 112,785 shares of the company’s stock worth $5,743,000 after buying an additional 81,271 shares in the last quarter. Finally, Armbruster Capital Management Inc. grew its position in The Coca-Cola by 1.9% during the first quarter. Armbruster Capital Management Inc. now owns 13,602 shares of the company’s stock worth $637,000 after buying an additional 250 shares in the last quarter. 66.84% of the stock is currently owned by institutional investors.

In other news, insider Francisco Crespo sold 125,948 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $6,297,400.00. Following the completion of the transaction, the insider now owns 186,631 shares in the company, valued at $9,331,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nancy Quan sold 24,000 shares of The Coca-Cola stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $54.43, for a total transaction of $1,306,320.00. Following the completion of the transaction, the senior vice president now owns 189,049 shares of the company’s stock, valued at approximately $10,289,937.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 488,761 shares of company stock valued at $25,417,705. Corporate insiders own 1.33% of the company’s stock.

KO traded down $0.75 during midday trading on Friday, reaching $53.74. 9,573,642 shares of the company’s stock were exchanged, compared to its average volume of 12,777,964. The firm has a market capitalization of $233.00 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 3.79 and a beta of 0.48. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The Coca-Cola Co has a one year low of $44.25 and a one year high of $54.82. The business has a 50-day simple moving average of $52.94 and a two-hundred day simple moving average of $49.30.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. As a group, research analysts anticipate that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Friday, September 13th. The Coca-Cola’s dividend payout ratio is 76.92%.

A number of equities research analysts recently weighed in on the company. SunTrust Banks lifted their target price on The Coca-Cola to $60.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Atlantic Securities assumed coverage on The Coca-Cola in a research report on Monday, July 29th. They set an “overweight” rating and a $62.00 target price on the stock. Barclays set a $54.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday, May 16th. BMO Capital Markets lifted their target price on The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Finally, Credit Suisse Group lifted their target price on The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $54.10.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, 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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