Gilbert & Cook Inc. lifted its stake in shares of The Coca-Cola Co (NYSE:KO) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,078 shares of the company’s stock after acquiring an additional 218 shares during the quarter. Gilbert & Cook Inc.’s holdings in The Coca-Cola were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of KO. LVM Capital Management Ltd. MI grew its stake in The Coca-Cola by 3.3% during the second quarter. LVM Capital Management Ltd. MI now owns 25,238 shares of the company’s stock worth $1,285,000 after purchasing an additional 800 shares during the period. Baystate Wealth Management LLC boosted its position in shares of The Coca-Cola by 7.3% during the second quarter. Baystate Wealth Management LLC now owns 4,933 shares of the company’s stock valued at $254,000 after buying an additional 336 shares during the last quarter. Rockland Trust Co. boosted its position in shares of The Coca-Cola by 3.6% during the second quarter. Rockland Trust Co. now owns 153,296 shares of the company’s stock valued at $7,806,000 after buying an additional 5,375 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of The Coca-Cola by 22.4% during the second quarter. WINTON GROUP Ltd now owns 996,025 shares of the company’s stock valued at $50,718,000 after buying an additional 182,609 shares during the last quarter. Finally, Carroll Financial Associates Inc. boosted its position in shares of The Coca-Cola by 22.5% during the second quarter. Carroll Financial Associates Inc. now owns 69,276 shares of the company’s stock valued at $3,527,000 after buying an additional 12,717 shares during the last quarter. Institutional investors own 67.32% of the company’s stock.
Several research analysts recently issued reports on the company. Atlantic Securities assumed coverage on The Coca-Cola in a research report on Monday, July 29th. They set an “overweight” rating and a $62.00 target price on the stock. UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $63.00 in a research report on Wednesday, October 23rd. Credit Suisse Group lifted their target price on The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. ValuEngine cut The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a research report on Tuesday, October 29th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The Coca-Cola presently has an average rating of “Buy” and an average price target of $55.95.
The Coca-Cola stock traded down $0.08 during mid-day trading on Friday, reaching $52.21. 6,997,608 shares of the company’s stock were exchanged, compared to its average volume of 13,198,850. The business’s fifty day simple moving average is $53.85 and its 200 day simple moving average is $52.23. The firm has a market capitalization of $224.59 billion, a PE ratio of 25.10, a P/E/G ratio of 3.65 and a beta of 0.46. The Coca-Cola Co has a one year low of $44.42 and a one year high of $55.92. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Friday, October 18th. The company reported $0.56 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.56. The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.42 billion. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The Coca-Cola’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. On average, sell-side analysts forecast that The Coca-Cola Co will post 2.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.06%. The Coca-Cola’s payout ratio is presently 76.92%.
In other news, SVP Lisa Chang bought 500 shares of the stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the purchase, the senior vice president now directly owns 5,448 shares in the company, valued at approximately $290,051.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Brian John Smith sold 60,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $54.87, for a total value of $3,292,200.00. Following the completion of the sale, the chief operating officer now owns 174,302 shares in the company, valued at $9,563,950.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 403,026 shares of company stock worth $22,037,406. Corporate insiders own 1.33% of the company’s stock.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based 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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