Novare Capital Management LLC Grows Holdings in The Coca-Cola Co (KO)

Novare Capital Management LLC grew its holdings in shares of The Coca-Cola Co (NYSE:KO) by 46.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,801 shares of the company’s stock after buying an additional 11,419 shares during the quarter. Novare Capital Management LLC’s holdings in The Coca-Cola were worth $1,611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Daiwa SB Investments Ltd. acquired a new position in shares of The Coca-Cola during the second quarter worth $5,830,000. Kissinger Financial Services LLC acquired a new position in shares of The Coca-Cola during the second quarter worth $211,000. Iberiabank Corp lifted its position in shares of The Coca-Cola by 380.1% during the second quarter. Iberiabank Corp now owns 63,619 shares of the company’s stock worth $2,853,000 after purchasing an additional 50,369 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE lifted its position in shares of The Coca-Cola by 1.3% during the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 21,965 shares of the company’s stock worth $985,000 after purchasing an additional 280 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of The Coca-Cola by 6.0% during the second quarter. Private Trust Co. NA now owns 63,713 shares of the company’s stock worth $2,857,000 after purchasing an additional 3,617 shares in the last quarter. Institutional investors own 65.30% of the company’s stock.

KO has been the topic of a number of recent research reports. Wells Fargo & Co raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Deutsche Bank initiated coverage on shares of The Coca-Cola in a research 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 research 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 research 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 research report on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and a consensus target price of $49.01.

In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the sale, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The disclosure for this sale can be found here. Corporate insiders own 1.51% of the company’s stock.

Shares of The Coca-Cola Co (NYSE KO) opened at $47.16 on Friday. The stock has a market cap of $200,933.06, a price-to-earnings ratio of 24.95, a P/E/G ratio of 3.78 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The Coca-Cola Co has a twelve month low of $40.22 and a twelve month high of $47.48.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. equities analysts predict that The Coca-Cola Co will post 1.91 EPS for the current fiscal year.

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About The Coca-Cola

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 The Coca-Cola (NYSE:KO)

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