Tag: 19121610

Centaurus Financial Inc. raised its position in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,790 shares of the company’s stock after buying an additional 1,734 shares during the period. Centaurus Financial Inc.’s holdings in Coca-Cola were worth $2,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KO. FMR LLC boosted its position in shares of Coca-Cola by 20.0% during the second quarter. FMR LLC now owns 99,695,103 shares of the company’s stock worth $6,271,819,000 after buying an additional 16,606,701 shares during the period. BlackRock Inc. boosted its holdings in Coca-Cola by 1.7% in the third quarter. BlackRock Inc. now owns 301,952,085 shares of the company’s stock valued at $16,915,357,000 after purchasing an additional 4,994,047 shares during the period. Capital World Investors boosted its holdings in Coca-Cola by 61.4% in the first quarter. Capital World Investors now owns 10,764,084 shares of the company’s stock valued at $667,373,000 after purchasing an additional 4,095,881 shares during the period. Renaissance Technologies LLC boosted its holdings in Coca-Cola by 141.0% in the third quarter. Renaissance Technologies LLC now owns 6,834,434 shares of the company’s stock valued at $382,865,000 after purchasing an additional 3,998,128 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Coca-Cola by 1.1% in the third quarter. Vanguard Group Inc. now owns 363,258,425 shares of the company’s stock valued at $20,349,737,000 after purchasing an additional 3,864,004 shares during the period. 68.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KO shares. StockNews.com started coverage on Coca-Cola in a report on Thursday. They issued a “buy” rating for the company. JPMorgan Chase & Co. set a $67.00 target price on Coca-Cola in a report on Tuesday, February 14th. The Goldman Sachs Group raised their price target on Coca-Cola from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, February 13th. Morgan Stanley raised their price target on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 15th. Finally, Citigroup assumed coverage on Coca-Cola in a research note on Thursday, February 16th. They issued a “buy” rating and a $68.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.70.

Coca-Cola Stock Performance

Shares of KO stock opened at $60.43 on Thursday. The stock has a market capitalization of $261.44 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 3.46 and a beta of 0.53. The Coca-Cola Company has a 52-week low of $54.01 and a 52-week high of $67.20. The stock’s 50-day moving average price is $60.38 and its 200 day moving average price is $60.43. The company has a quick ratio of 0.93, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

Coca-Cola (NYSE:KO – Get Rating) last issued its quarterly earnings results on Tuesday, February 14th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $10.10 billion for the quarter, compared to analysts’ expectations of $9.92 billion. Coca-Cola had a return on equity of 42.35% and a net margin of 22.19%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. As a group, equities research analysts forecast that The Coca-Cola Company will post 2.6 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 17th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, March 16th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.44. Coca-Cola’s payout ratio is 80.00%.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Brian John Smith sold 94,200 shares of Coca-Cola stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $63.02, for a total value of $5,936,484.00. Following the sale, the insider now owns 116,168 shares of the company’s stock, valued at approximately $7,320,907.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coca-Cola news, insider Brian John Smith sold 94,200 shares of Coca-Cola stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $63.02, for a total value of $5,936,484.00. Following the sale, the insider now owns 116,168 shares of the company’s stock, valued at approximately $7,320,907.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Quincey sold 34,875 shares of Coca-Cola stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $60.32, for a total value of $2,103,660.00. Following the completion of the sale, the chief executive officer now directly owns 351,737 shares in the company, valued at approximately $21,216,775.84. The disclosure for this sale can be found here. Insiders have sold 376,468 shares of company stock worth $23,074,307 in the last quarter. Company insiders own 0.98% of the company’s stock.

About Coca-Cola

(Get Rating)

The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.

Further Reading

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.

Perfromance Wealth Partners LLC lifted its holdings in The Coca-Cola Company (NYSE:KO – Get Rating) by 94.6% during the 3rd quarter, Holdings Channel reports. The fund owned 57,379 shares of the company’s stock after acquiring an additional 27,894 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Coca-Cola were worth $3,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Horizons Wealth Management acquired a new position in shares of Coca-Cola in the 2nd quarter worth approximately $34,000. LFA Lugano Financial Advisors SA acquired a new position in Coca-Cola during the 2nd quarter worth $34,000. Corbenic Partners LLC lifted its holdings in Coca-Cola by 626.2% during the 2nd quarter. Corbenic Partners LLC now owns 915 shares of the company’s stock worth $58,000 after buying an additional 789 shares in the last quarter. Orion Capital Management LLC acquired a new position in Coca-Cola during the 2nd quarter worth $63,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Coca-Cola during the 1st quarter worth $73,000. 68.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coca-Cola news, insider Brian John Smith sold 94,200 shares of the stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $63.02, for a total transaction of $5,936,484.00. Following the completion of the transaction, the insider now owns 116,168 shares in the company, valued at approximately $7,320,907.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Brian John Smith sold 94,200 shares of the stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $63.02, for a total transaction of $5,936,484.00. Following the completion of the transaction, the insider now directly owns 116,168 shares in the company, valued at approximately $7,320,907.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Nancy Quan sold 13,746 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $61.12, for a total transaction of $840,155.52. Following the transaction, the senior vice president now owns 184,710 shares of the company’s stock, valued at $11,289,475.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,014 shares of company stock worth $9,336,898. Corporate insiders own 0.98% of the company’s stock.

Coca-Cola Price Performance

KO opened at $63.80 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.45. The Coca-Cola Company has a 12 month low of $54.01 and a 12 month high of $67.20. The company has a fifty day simple moving average of $60.81 and a 200 day simple moving average of $61.22. The stock has a market cap of $275.90 billion, a P/E ratio of 27.86, a P/E/G ratio of 4.07 and a beta of 0.59.

Coca-Cola (NYSE:KO – Get Rating) last released its earnings results on Tuesday, October 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Coca-Cola had a return on equity of 42.75% and a net margin of 23.44%. On average, research analysts expect that The Coca-Cola Company will post 2.48 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Wednesday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is presently 76.86%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KO shares. Morgan Stanley reduced their price objective on Coca-Cola from $74.00 to $68.00 and set an “overweight” rating on the stock in a report on Tuesday, October 4th. HSBC upped their price objective on Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Wedbush began coverage on Coca-Cola in a report on Monday, October 10th. They set an “outperform” rating and a $63.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola from $59.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, December 6th. Finally, Wolfe Research began coverage on shares of Coca-Cola in a research report on Tuesday, October 11th. They set an “outperform” rating and a $63.00 target price for the company. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and an average target price of $66.90.

Coca-Cola Profile

(Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

Featured Stories

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company (NYSE:KO – Get Rating).

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.