Blair William & Co. IL boosted its holdings in The Coca-Cola Co (NYSE:KO) by 7.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 321,213 shares of the company’s stock after buying an additional 21,510 shares during the period. Blair William & Co. IL’s holdings in The Coca-Cola were worth $14,837,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Parallel Advisors LLC grew its holdings in The Coca-Cola by 15.6% during the second quarter. Parallel Advisors LLC now owns 49,860 shares of the company’s stock valued at $2,186,000 after purchasing an additional 6,736 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in The Coca-Cola by 3.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 871,951 shares of the company’s stock valued at $38,244,000 after purchasing an additional 25,402 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in The Coca-Cola by 47.8% during the second quarter. Cascade Investment Advisors Inc. now owns 4,932 shares of the company’s stock valued at $216,000 after purchasing an additional 1,595 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of The Coca-Cola by 0.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 390,429 shares of the company’s stock valued at $17,124,000 after acquiring an additional 3,424 shares during the period. Finally, Bradley Foster & Sargent Inc. CT boosted its position in shares of The Coca-Cola by 2.1% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 390,688 shares of the company’s stock valued at $17,136,000 after acquiring an additional 7,893 shares during the period. Institutional investors and hedge funds own 65.79% of the company’s stock.
Several research firms have recently weighed in on KO. HSBC set a $61.00 price objective on The Coca-Cola and gave the company a “buy” rating in a research report on Thursday, September 27th. Jefferies Financial Group set a $48.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, September 6th. Morgan Stanley set a $49.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Guggenheim began coverage on The Coca-Cola in a research report on Thursday, September 13th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, Bank of America reissued a “buy” rating and issued a $52.00 price objective on shares of The Coca-Cola in a research report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the stock. The Coca-Cola currently has an average rating of “Hold” and an average target price of $51.43.
In other The Coca-Cola news, insider Brian John Smith sold 43,000 shares of The Coca-Cola stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $48.00, for a total transaction of $2,064,000.00. Following the completion of the transaction, the insider now directly owns 123,908 shares of the company’s stock, valued at $5,947,584. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction on Monday, November 5th. The shares were sold at an average price of $48.65, for a total value of $729,750.00. Following the transaction, the insider now directly owns 68,029 shares of the company’s stock, valued at $3,309,610.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 374,542 shares of company stock valued at $18,436,957. Company insiders own 1.48% of the company’s stock.
Shares of KO stock opened at $50.40 on Monday. The firm has a market capitalization of $215.00 billion, a P/E ratio of 26.39, a PEG ratio of 3.30 and a beta of 0.60. The Coca-Cola Co has a one year low of $41.45 and a one year high of $50.84. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98.
The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $8.20 billion. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The Coca-Cola’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. As a group, sell-side analysts predict that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.10%. The Coca-Cola’s payout ratio is presently 81.68%.
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The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plantbased beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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