Hall Capital Management Co. Inc. Purchases New Holdings in The Coca-Cola Company (NYSE:KO)

Hall Capital Management Co. Inc. purchased a new position in shares of The Coca-Cola Company (NYSE:KO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,937 shares of the company's stock, valued at approximately $1,615,000.

A number of other hedge funds have also recently bought and sold shares of KO. Crowley Wealth Management Inc. purchased a new stake in shares of Coca-Cola during the 4th quarter worth about $27,000. Mainstream Capital Management LLC acquired a new stake in Coca-Cola in the fourth quarter valued at $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Coca-Cola during the fourth quarter worth about $38,000. Hoey Investments Inc. increased its holdings in shares of Coca-Cola by 41.9% in the 4th quarter. Hoey Investments Inc. now owns 613 shares of the company's stock valued at $38,000 after acquiring an additional 181 shares during the last quarter. Finally, MilWealth Group LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Coca-Cola Stock Up 0.2%

KO stock traded up $0.17 during midday trading on Thursday, reaching $71.32. The company had a trading volume of 4,805,211 shares, compared to its average volume of 15,653,945. The company has a 50 day moving average of $71.23 and a two-hundred day moving average of $67.14. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The Coca-Cola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The company has a market capitalization of $306.96 billion, a P/E ratio of 28.86, a PEG ratio of 3.79 and a beta of 0.47.

Coca-Cola (NYSE:KO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period in the previous year, the company earned $0.72 EPS. The firm's revenue was down .7% on a year-over-year basis. On average, equities research analysts expect that The Coca-Cola Company will post 2.96 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 Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 2.86%. Coca-Cola's payout ratio is currently 81.60%.

Analysts Set New Price Targets

KO has been the subject of several analyst reports. Morgan Stanley boosted their price objective on Coca-Cola from $76.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Cfra Research raised Coca-Cola to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group raised their target price on shares of Coca-Cola from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company upped their price target on Coca-Cola from $70.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada raised their price objective on Coca-Cola from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $75.81.

Insider Buying and Selling

In related news, COO Henrique Braun sold 25,277 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.47, for a total value of $1,806,547.19. Following the sale, the chief operating officer now owns 52,466 shares of the company's stock, valued at $3,749,745.02. The trade was a 32.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nikolaos Koumettis sold 55,500 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $71.01, for a total transaction of $3,941,055.00. Following the transaction, the insider now owns 246,909 shares of the company's stock, valued at approximately $17,533,008.09. This represents a 18.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 229,761 shares of company stock worth $16,474,587 in the last quarter. 0.97% of the stock is currently owned by company insiders.

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, 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.