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U.S. Capital Wealth Advisors LLC expands its holdings in The Coca-Cola Company (NYSE:KO)

U.S. Capital Wealth Advisors LLC expands its holdings in The Coca-Cola Company (NYSE:KO)

The most recent 13F filing that the U.S. Capital Wealth Advisors LLC has made with the Securities and Exchange Commission reveals that the company’s investment in The Coca-Cola Company (NYSE: KO) has increased by 1.2% during the third quarter. This information was provided to the SEC. Following the completion of the period, the fund had a total of 151,621 shares, having acquired an additional 1,842 shares of the company’s stock during the period. The U.S. Capital Wealth Advisors LLC had Coca-Cola holdings worth $8,494,000 at the end of the most recent reporting period. The stock’s closing price determined this value on the day the report was completed.

Recent events have resulted in institutional investors and other hedge funds reevaluating the positions they had previously held in the company and making appropriate adjustments. During the first three months of the year, Fairfield Bush & Co. invested approximately $77,000 to acquire a new interest in Coca-Cola. A 16.7% increase in the proportion of Coca-Cola stock that Merit Financial Group LLC owns is the result of the company’s activity during the first quarter. Merit Financial Group LLC has increased the value of its holdings by $758,000 due to the recent acquisition of 1,754 additional shares of the company’s stock. This brings the total value of its holdings to $758,000. During the first quarter, NewEdge Advisors LLC increased the proportion of Coca-Cola stock owned by 41.4%. NewEdge Advisors LLC now has 149,275 shares of the company’s stock, worth a combined total of $9,255,000 after purchasing an additional 43,680 shares. This brings the total number of shares owned by the firm to 149,275. In the first three months of 2018, Ergoteles LLC saw a 385.3% increase in the percentage of ownership it held in Coca-Cola. Ergoteles LLC now has 19,032 shares of the company’s stock, valued at a combined total of $1,188,000, after purchasing an additional 15,110 shares during the period in question. During the first three months of this year, Mackenzie Financial Corporation accomplished an increase of 11.9% in the proportion of Coca-Cola shares it owned. The total number of shares currently held by Mackenzie Financial Corporation is 2,840,557. This represents an increase of 301,804 shares compared to the number of shares held at the end of the previous reporting period. The current value of these shares, as determined by the market, is $176,115,000. Institutional investors and hedge funds collectively own 68.74% of the total number of shares of the company, making up the majority of the shareholders.

In other news, on December 16th, company insider Brian John Smith sold 94,200 shares of company stock. This transaction was reported in the press. Friday was the day that this transaction took place. Following the successful transaction completion, the company insider now directly owns 116,168 shares of the company’s stock, which together have a value of $7,320,907.36. The price of each share, which was ultimately sold for a sum that amounted to $5,936,484.00, was $63,02 on average. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. On Friday, December 16th, company insider Brian John Smith reportedly sold 94,200 shares of Coca-Cola stock, as indicated by data from other sources within the organization. It was determined that the average price paid for the shares sold for a total of $5,936,484.00 came to $63.02 per share. After the completion of the transaction, the insider now owns 116,168 shares of the company, which have a value of $7,320,907.36 at the moment. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. In addition, on Friday, November 18th, Senior Vice President Nancy Quan sold 13,746 shares of the company’s stock. The shares were sold for a total amount of $840,155.52, which is equivalent to a price of $61.12 per share and represents the average price of the shares. The transaction completion resulted in the senior vice president gaining direct ownership of 184,710 shares of the company’s stock. The total value of these shares is approximately $11,289,475.20. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company sold 150,014 shares of company stock for a total price of $9,336,898 during the preceding three months. Company insiders hold the total number of shares held by the company at a rate of 0.98%.

Over the past few months, several research companies have expressed an interest in KO. In a report made public on Tuesday, October 11th, Jefferies Financial Group lowered the “hold” rating and price target of $66.00 they had previously assigned to Coca-Cola stock. Instead, they assigned the stock a price target of $59.00. In a research report released on the 8th of December, JPMorgan Chase & Co. projected that the price of a share of Coca-Cola would reach $64.00 within the next twelve months. Coca-Cola stock was given a “buy” rating by Deutsche Bank Aktiengesellschaft in a research report published on Tuesday, December 6th.

Additionally, the company increased its price objective from $59.00 to $62.00. In a research report distributed on Tuesday, October 4th, Morgan Stanley lowered both their “overweight” rating on Coca-Cola stock and their price target on the stock, which had previously been set at $74.00, to $68.00. This occurred after the firm had previously set its price target on the stock at $74.00. Wedbush Investment Research released a research report on the 10th of October, introducing coverage of Coca-Cola stock. They gave the business an “outperform” rating and set the stock’s target price at $63.00. Thirteen analysts have given the company a buy rating, while only six have recommended that investors hold on to their shares. According to Bloomberg, the current consensus rating for Coca-Cola is “Moderate Buy,” and the current consensus price objective for the stock is $66.90. In addition, the current consensus rating for the stock is “Neutral.”

Trading in KO was $0.31 lower on Friday at midday when it was $60.90 on the NYSE. There was a volume of 342,734 shares changing hands, significantly lower than its usual volume of 11,205,940. Its current market capitalization of $263.36 billion can be attributed to several factors: the stock’s beta value of 0.57, its PE ratio of 26.73, and its P/E/G ratio of 4.01. The moving averages of the company’s stock price over the past 50 days come in at $62.53; over the last 200 days, they stand at $61.44. The company has a debt-to-equity ratio of 1.45 to 1, a quick ratio of 0.95 to 1, and a current ratio of 1.13 to 1. The share price of The Coca-Cola Company has experienced a one-year low of $54.01 and a one-year high of $67.20 over the past year.

The most recent quarterly earnings report for Coca-Cola, found on the NYSE under the ticker symbol KO, was released on October 25. The company reported earnings per share (EPS) for the quarter at $0.69, which is $0.05 more than analysts’ consensus estimate of $0.64 per share. Coca-Cola had a return on equity of 42.75 percent, and the margin for their business was 23.44 percent. The company reported actual revenue of $11.06 billion for the quarter, which is significantly higher than the consensus estimate of $10.60 billion for sales. The Coca-Cola Company is expected to generate earnings of $2.48 per share in 2017, according to projections made by analysts in the industry.

In addition, the business recently announced a quarterly dividend, which was paid out on the 15th of December. On December 1st, dividend payments of $0.44 per share were made to investors who were “recorded” in the company’s books. This comes from a dividend payment of $1.76 and a yield of 2.89% when calculated annually. This dividend had an ex-dividend date of November 30th, a Wednesday, and the day after Thanksgiving. At this time, the payout percentage for the company is 76.86%.


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