Security National Bank Acquires 1,250 Shares of The Coca-Cola Company (NYSE:KO)

Security National Bank boosted its holdings in shares of The Coca-Cola Company (NYSE:KO) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,434 shares of the company’s stock after acquiring an additional 1,250 shares during the quarter. Security National Bank’s holdings in Coca-Cola were worth $1,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Howland Capital Management LLC grew its holdings in Coca-Cola by 7.6% during the second quarter. Howland Capital Management LLC now owns 51,113 shares of the company’s stock valued at $2,766,000 after purchasing an additional 3,620 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in Coca-Cola during the second quarter valued at approximately $1,685,000. American Century Companies Inc. grew its holdings in Coca-Cola by 38.1% during the second quarter. American Century Companies Inc. now owns 75,293 shares of the company’s stock valued at $4,074,000 after purchasing an additional 20,764 shares during the last quarter. KMG Fiduciary Partners LLC grew its holdings in Coca-Cola by 3.3% during the third quarter. KMG Fiduciary Partners LLC now owns 132,503 shares of the company’s stock valued at $6,952,000 after purchasing an additional 4,243 shares during the last quarter. Finally, Kempen Capital Management N.V. grew its holdings in Coca-Cola by 114.4% during the second quarter. Kempen Capital Management N.V. now owns 74,425 shares of the company’s stock valued at $3,808,000 after purchasing an additional 39,717 shares during the last quarter. 66.59% of the stock is currently owned by hedge funds and other institutional investors.

KO traded down $0.45 during trading on Thursday, reaching $55.43. 12,598,154 shares of the company’s stock were exchanged, compared to its average volume of 15,400,156. The company has a market capitalization of $239.43 billion, a P/E ratio of 27.17, a PEG ratio of 3.45 and a beta of 0.66. The business has a 50 day moving average price of $54.87 and a 200 day moving average price of $55.36. The Coca-Cola Company has a fifty-two week low of $48.11 and a fifty-two week high of $57.56. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 1.63.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, October 26th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. The company had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $9.72 billion. Coca-Cola had a return on equity of 44.22% and a net margin of 23.31%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. As a group, research analysts forecast that The Coca-Cola Company will post 2.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be issued a dividend of $0.42 per share. The ex-dividend date is Tuesday, November 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.03%. Coca-Cola’s payout ratio is presently 82.35%.

Several equities research analysts have recently issued reports on the stock. Evercore ISI restated a “buy” rating on shares of Coca-Cola in a research note on Tuesday, November 9th. JPMorgan Chase & Co. set a $59.00 price objective on shares of Coca-Cola in a research note on Thursday, October 28th. Royal Bank of Canada raised their price objective on shares of Coca-Cola from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Coca-Cola from $60.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, October 15th. Finally, Credit Suisse Group set a $63.00 price objective on shares of Coca-Cola in a research note on Thursday, October 28th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $61.44.

In related news, SVP Nancy Quan sold 18,206 shares of Coca-Cola stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $56.82, for a total value of $1,034,464.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brian John Smith sold 37,000 shares of Coca-Cola stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $56.64, for a total value of $2,095,680.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,170 shares of company stock valued at $4,135,496. Company insiders own 1.01% of the company’s stock.

Coca-Cola Company Profile

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

See Also: Diversification For Individual Investors

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

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.