Stockman Wealth Management Inc. Buys 1,676 Shares of Coca-Cola Company (The) (KO)

Stockman Wealth Management Inc. grew its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,416 shares of the company’s stock after acquiring an additional 1,676 shares during the period. Stockman Wealth Management Inc.’s holdings in Coca-Cola Company (The) were worth $569,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Shell Asset Management Co. lifted its position in shares of Coca-Cola Company (The) by 0.5% in the 1st quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after buying an additional 4,101 shares during the last quarter. Guinness Asset Management Ltd lifted its position in Coca-Cola Company (The) by 13.4% in the 1st quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock valued at $9,886,000 after purchasing an additional 27,560 shares during the last quarter. Montecito Bank & Trust lifted its position in Coca-Cola Company (The) by 90.2% in the 1st quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock valued at $5,394,000 after purchasing an additional 60,258 shares during the last quarter. Keystone Financial Planning Inc. lifted its position in Coca-Cola Company (The) by 2.1% in the 1st quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock valued at $5,111,000 after purchasing an additional 2,465 shares during the last quarter. Finally, Marathon Asset Management LLP lifted its position in Coca-Cola Company (The) by 7.3% in the 1st quarter. Marathon Asset Management LLP now owns 2,699,084 shares of the company’s stock valued at $115,439,000 after purchasing an additional 184,589 shares during the last quarter. 64.62% of the stock is owned by institutional investors.

In other news, VP Kathy N. Waller sold 8,952 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $45.77, for a total transaction of $409,733.04. Following the transaction, the vice president now directly owns 109,508 shares in the company, valued at approximately $5,012,181.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer K. Mann sold 8,819 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $45.61, for a total value of $402,234.59. Following the transaction, the insider now owns 30,553 shares in the company, valued at $1,393,522.33. The disclosure for this sale can be found here. Insiders sold a total of 366,835 shares of company stock worth $16,874,246 over the last 90 days. Corporate insiders own 1.51% of the company’s stock.

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Shares of Coca-Cola Company (KO) opened at 45.49 on Friday. The stock has a 50 day moving average of $45.85 and a 200-day moving average of $44.43. The firm has a market capitalization of $194.03 billion, a PE ratio of 48.04 and a beta of 0.71. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

Several brokerages recently weighed in on KO. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Deutsche Bank AG restated a “hold” rating and set a $46.00 price target (up from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Friday, July 28th. Macquarie began coverage on shares of Coca-Cola Company (The) in a research report on Friday, September 15th. They set a “neutral” rating and a $47.00 price target on the stock. Finally, BMO Capital Markets dropped their price target on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating on the stock in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.85.

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.

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

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