Courier Capital LLC grew its position in The Coca-Cola Co (NYSE:KO) by 90.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,792 shares of the company’s stock after buying an additional 28,895 shares during the quarter. Courier Capital LLC’s holdings in The Coca-Cola were worth $2,736,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of KO. Global X MANAGEMENT CO LLC grew its holdings in shares of The Coca-Cola by 2.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 227,558 shares of the company’s stock valued at $10,242,000 after purchasing an additional 5,342 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of The Coca-Cola by 129.6% during the 3rd quarter. Jennison Associates LLC now owns 724,733 shares of the company’s stock valued at $32,620,000 after purchasing an additional 409,139 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of The Coca-Cola by 28.3% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 613,999 shares of the company’s stock valued at $27,636,000 after purchasing an additional 135,450 shares during the last quarter. Corundum Group Inc. grew its holdings in shares of The Coca-Cola by 20.3% during the 3rd quarter. Corundum Group Inc. now owns 6,674 shares of the company’s stock valued at $300,000 after purchasing an additional 1,124 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in shares of The Coca-Cola by 2.6% during the 3rd quarter. Hennessy Advisors Inc. now owns 251,000 shares of the company’s stock valued at $11,298,000 after purchasing an additional 6,300 shares during the last quarter. Institutional investors own 65.30% of the company’s stock.
Shares of The Coca-Cola Co (KO) opened at $46.15 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola Co has a 12 month low of $40.22 and a 12 month high of $47.48. The company has a market cap of $196,630.00, a price-to-earnings ratio of 43.95, a PEG ratio of 3.69 and a beta of 0.70.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly revenue was down 14.6% on a year-over-year basis. sell-side analysts anticipate that The Coca-Cola Co will post 1.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Thursday, November 30th. The Coca-Cola’s dividend payout ratio is currently 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the sale, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.51% of the company’s stock.
KO has been the topic of several research reports. Wells Fargo & Co raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Deutsche Bank began coverage on shares of The Coca-Cola in a report on Wednesday, December 13th. They set a “buy” rating and a $52.00 target price on the stock. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price on the stock in a report on Monday, December 11th. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Friday, October 27th. Finally, Royal Bank of Canada set a $49.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the stock. The Coca-Cola presently has an average rating of “Hold” and an average price target of $49.01.
The Coca-Cola 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.
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