HHM Wealth Advisors LLC Has $364,000 Stock Holdings in The Coca-Cola Company (NYSE:KO)

HHM Wealth Advisors LLC boosted its position in The Coca-Cola Company (NYSE:KO) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,183 shares of the company’s stock after acquiring an additional 940 shares during the period. HHM Wealth Advisors LLC’s holdings in Coca-Cola were worth $364,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Convergence Investment Partners LLC raised its position in Coca-Cola by 11.1% in the 4th quarter. Convergence Investment Partners LLC now owns 29,256 shares of the company’s stock valued at $1,724,000 after buying an additional 2,915 shares during the last quarter. RiverFront Investment Group LLC increased its position in shares of Coca-Cola by 0.7% during the 4th quarter. RiverFront Investment Group LLC now owns 92,741 shares of the company’s stock worth $5,465,000 after purchasing an additional 638 shares during the last quarter. Stonebrook Private Inc. acquired a new position in shares of Coca-Cola during the 4th quarter worth approximately $785,000. Russell Investments Group Ltd. boosted its stake in Coca-Cola by 2.0% in the 4th quarter. Russell Investments Group Ltd. now owns 3,048,896 shares of the company’s stock valued at $179,632,000 after purchasing an additional 58,684 shares during the period. Finally, Cedar Point Capital Partners LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $273,000. Institutional investors own 70.26% of the company’s stock.

Analyst Ratings Changes

KO has been the subject of a number of recent analyst reports. Barclays upped their target price on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. cut their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, Citigroup upped their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $67.22.

Coca-Cola Stock Performance

Shares of Coca-Cola stock remained flat at $61.74 during trading on Friday. The stock had a trading volume of 10,994,262 shares, compared to its average volume of 12,842,353. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $64.69. The stock has a market cap of $266.17 billion, a P/E ratio of 24.90, a P/E/G ratio of 3.53 and a beta of 0.59. The company has a fifty day simple moving average of $60.12 and a 200-day simple moving average of $58.85.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The company had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. Coca-Cola’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio is presently 78.23%.

Insiders Place Their Bets

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $13,594,097.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $59.41, for a total value of $1,102,114.91. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock valued at $22,795,742 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Profile

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.