James Hambro & Partners LLP Has $91.71 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

by · The Markets Daily

James Hambro & Partners LLP raised its stake in shares of The Coca-Cola Company (NYSE:KO – Free Report) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,276,253 shares of the company’s stock after purchasing an additional 47,127 shares during the quarter. Coca-Cola accounts for 3.8% of James Hambro & Partners LLP’s portfolio, making the stock its 15th largest holding. James Hambro & Partners LLP’s holdings in Coca-Cola were worth $91,705,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. New Millennium Group LLC acquired a new stake in shares of Coca-Cola during the second quarter worth approximately $26,000. Quarry LP acquired a new stake in Coca-Cola during the 2nd quarter valued at $27,000. ESL Trust Services LLC bought a new position in Coca-Cola in the 1st quarter valued at $28,000. Redmont Wealth Advisors LLC acquired a new position in Coca-Cola in the first quarter worth $28,000. Finally, DiNuzzo Private Wealth Inc. grew its holdings in shares of Coca-Cola by 65.0% during the first quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock worth $32,000 after purchasing an additional 206 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KO has been the topic of several research reports. Barclays upped their price target on shares of Coca-Cola from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Truist Financial increased their price target on shares of Coca-Cola from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their price objective on shares of Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. Citigroup increased their price objective on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their target price on Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Check Out Our Latest Report on KO

Insider Buying and Selling at Coca-Cola

In related news, EVP Nancy Quan sold 37,787 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $66.96, for a total transaction of $2,530,217.52. Following the sale, the executive vice president now directly owns 223,330 shares in the company, valued at $14,954,176.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Nancy Quan sold 37,787 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $66.96, for a total transaction of $2,530,217.52. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $14,954,176.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total value of $2,667,443.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 356,792 shares of company stock valued at $24,728,364. 0.97% of the stock is currently owned by corporate insiders.

Coca-Cola Trading Down 1.2 %

Shares of KO stock traded down $0.82 on Monday, hitting $69.62. The stock had a trading volume of 5,692,408 shares, compared to its average volume of 13,128,767. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39. The Coca-Cola Company has a twelve month low of $54.04 and a twelve month high of $73.53. The company has a fifty day moving average price of $70.70 and a two-hundred day moving average price of $65.80. The firm has a market cap of $299.92 billion, a P/E ratio of 27.90, a PEG ratio of 3.92 and a beta of 0.60.

Coca-Cola (NYSE:KO – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. As a group, analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 2.79%. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Coca-Cola Company Profile

(Free Report)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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