GW Henssler & Associates Ltd. Has $15.54 Million Holdings in The Coca-Cola Company (NYSE:KO)
GW Henssler & Associates Ltd. raised its position in shares of The Coca-Cola Company (NYSE:KO) by 2.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 294,873 shares of the company’s stock after purchasing an additional 6,944 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in The Coca-Cola were worth $15,543,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in KO. Bellwether Advisors LLC bought a new position in shares of The Coca-Cola during the 4th quarter worth approximately $25,000. McClarren Financial Advisors Inc. bought a new position in shares of The Coca-Cola in the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of The Coca-Cola by 136.3% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,229 shares of the company’s stock worth $28,000 after purchasing an additional 709 shares in the last quarter. Merrion Investment Management Co LLC bought a new position in shares of The Coca-Cola in the 4th quarter worth $33,000. Finally, West Financial Advisors LLC bought a new position in The Coca-Cola during the 4th quarter valued at $34,000. 65.99% of the stock is owned by institutional investors and hedge funds.
NYSE:KO traded down $0.34 during mid-day trading on Tuesday, reaching $54.14. The stock had a trading volume of 371,667 shares, compared to its average volume of 17,970,572. The firm has a 50 day moving average price of $52.90 and a two-hundred day moving average price of $51.54. The stock has a market capitalization of $233.43 billion, a P/E ratio of 28.38, a P/E/G ratio of 5.70 and a beta of 0.58. The Coca-Cola Company has a one year low of $43.20 and a one year high of $54.93. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.13.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Tuesday, June 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, June 14th. This represents a $1.68 annualized dividend and a dividend yield of 3.10%. The Coca-Cola’s dividend payout ratio (DPR) is presently 79.62%.
In related news, insider Alfredo Rivera sold 20,000 shares of the company’s stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $51.15, for a total value of $1,023,000.00. Following the sale, the insider now directly owns 62,000 shares of the company’s stock, valued at $3,171,300. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nikolaos Koumettis sold 30,000 shares of the company’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $54.81, for a total value of $1,644,300.00. Following the completion of the sale, the insider now directly owns 145,011 shares in the company, valued at $7,948,052.91. The disclosure for this sale can be found here. Insiders have sold 220,501 shares of company stock worth $11,883,380 over the last three months. Insiders own 1.01% of the company’s stock.
Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut The Coca-Cola from a “buy” rating to a “hold” rating and dropped their price objective for the company from $57.00 to $55.00 in a research note on Tuesday, January 5th. Evercore ISI raised their target price on The Coca-Cola from $60.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, April 20th. Morgan Stanley raised their target price on The Coca-Cola from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, April 26th. Sanford C. Bernstein began coverage on The Coca-Cola in a research report on Tuesday, January 19th. They set an “outperform” rating and a $58.00 target price for the company. Finally, Credit Suisse Group reissued a “buy” rating and issued a $60.00 price objective on shares of The Coca-Cola in a report on Wednesday, April 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Buy” and a consensus price target of $57.69.
The 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; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
See Also: What is the CAC 40 Index
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KO).
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.