Xact Kapitalforvaltning AB Grows Holdings in Coca-Cola Company (The) (KO)

Xact Kapitalforvaltning AB grew its stake in Coca-Cola Company (The) (NYSE:KO) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,884 shares of the company’s stock after buying an additional 3,646 shares during the period. Xact Kapitalforvaltning AB’s holdings in Coca-Cola Company (The) were worth $14,392,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC grew its stake in Coca-Cola Company (The) by 5.0% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Coca-Cola Company (The) by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares in the last quarter. Welch Investments LLC boosted its stake in shares of Coca-Cola Company (The) by 26.5% in the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after purchasing an additional 733 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of Coca-Cola Company (The) in the 1st quarter valued at $150,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Coca-Cola Company (The) in the 1st quarter valued at $167,000. 64.68% of the stock is owned by institutional investors and hedge funds.

In other news, insider Robert Edward Long sold 26,470 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $45.88, for a total transaction of $1,214,443.60. Following the completion of the sale, the insider now directly owns 45,393 shares of the company’s stock, valued at $2,082,630.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Randazza sold 24,156 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the sale, the insider now directly owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The disclosure for this sale can be found here. Insiders have sold 366,835 shares of company stock valued at $16,874,246 over the last three months. Insiders own 1.51% of the company’s stock.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.15% on Friday, reaching $46.18. 16,141,413 shares of the company’s stock traded hands. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98. The firm has a market cap of $196.97 billion, a P/E ratio of 48.76 and a beta of 0.71. The stock has a 50-day moving average of $45.84 and a 200 day moving average of $44.34.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The business’s revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. On average, equities research analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

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A number of equities research analysts have recently issued reports on the stock. Macquarie assumed coverage on shares of Coca-Cola Company (The) in a research note on Friday. They issued a “neutral” rating and a $47.00 price objective for the company. Vetr raised shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Coca-Cola Company (The) in a research note on Thursday, September 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Coca-Cola Company (The) in a research note on Wednesday, September 6th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Coca-Cola Company (The) in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average target price of $45.85.

Coca-Cola Company (The) Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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