Compagnie Lombard Odier SCmA raised its stake in shares of The Coca-Cola Co (NYSE:KO) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 752,023 shares of the company’s stock after purchasing an additional 55,480 shares during the period. The Coca-Cola accounts for 1.2% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 22nd largest position. Compagnie Lombard Odier SCmA’s holdings in The Coca-Cola were worth $34,730,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of KO. Westbourne Investment Advisors Inc. acquired a new position in The Coca-Cola during the third quarter worth approximately $117,000. Fort L.P. acquired a new position in The Coca-Cola during the second quarter worth approximately $122,000. Sageworth Trust Co increased its position in The Coca-Cola by 69.5% during the third quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after purchasing an additional 1,200 shares during the last quarter. BDO Wealth Advisors LLC increased its position in The Coca-Cola by 104.9% during the second quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock worth $139,000 after purchasing an additional 1,619 shares during the last quarter. Finally, O Brien Wealth Partners LLC increased its position in shares of The Coca-Cola by 2,173.3% in the third quarter. O Brien Wealth Partners LLC now owns 3,410 shares of the company’s stock worth $158,000 after acquiring an additional 3,260 shares in the last quarter. 65.67% of the stock is owned by hedge funds and other institutional investors.
In other The Coca-Cola news, SVP James L. Dinkins sold 8,754 shares of the stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. Following the transaction, the senior vice president now directly owns 28,354 shares in the company, valued at approximately $1,331,220.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James L. Dinkins sold 9,150 shares of the stock in a transaction on Monday, November 12th. The shares were sold at an average price of $49.95, for a total transaction of $457,042.50. Following the transaction, the insider now owns 30,400 shares in the company, valued at $1,518,480. The disclosure for this sale can be found here. Insiders sold 374,542 shares of company stock valued at $18,436,957 over the last 90 days. 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 PE ratio of 24.58, a PEG ratio of 3.30 and a beta of 0.60. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $50.84.
The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. On average, research analysts predict that The Coca-Cola Co will post 2.08 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 3.10%. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
KO has been the subject of several recent research reports. Barclays reissued a “buy” rating and issued a $50.00 price objective on shares of The Coca-Cola in a research report on Friday, October 5th. Zacks Investment Research lowered shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. HSBC reissued a “buy” rating and issued a $64.00 price objective on shares of The Coca-Cola in a research report on Wednesday, October 31st. Jefferies Financial Group set a $48.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Finally, ValuEngine raised shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $51.43.
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About The Coca-Cola
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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