Gamco Investors INC. ET AL Lowers Stake in The Coca-Cola Co (KO)

Gamco Investors INC. ET AL trimmed its position in shares of The Coca-Cola Co (NYSE:KO) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 734,895 shares of the company’s stock after selling 34,264 shares during the period. Gamco Investors INC. ET AL’s holdings in The Coca-Cola were worth $34,797,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Reynders McVeigh Capital Management LLC raised its position in The Coca-Cola by 0.9% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock valued at $1,061,000 after buying an additional 213 shares during the last quarter. Cordasco Financial Network increased its position in shares of The Coca-Cola by 26.1% during the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after purchasing an additional 214 shares during the last quarter. Windsor Group LTD increased its position in shares of The Coca-Cola by 1.7% during the 4th quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock valued at $647,000 after purchasing an additional 222 shares during the last quarter. United Capital Management of KS Inc. increased its position in shares of The Coca-Cola by 2.3% during the 4th quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock valued at $474,000 after purchasing an additional 229 shares during the last quarter. Finally, We Are One Seven LLC increased its position in shares of The Coca-Cola by 3.2% during the 4th quarter. We Are One Seven LLC now owns 7,648 shares of the company’s stock valued at $361,000 after purchasing an additional 240 shares during the last quarter. 65.78% of the stock is currently owned by institutional investors.

In other news, insider Beatriz R. Perez sold 21,742 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the transaction, the insider now owns 92,645 shares in the company, valued at approximately $4,517,370.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the transaction, the senior vice president now owns 92,645 shares of the company’s stock, valued at approximately $4,493,282.50. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by corporate insiders.

KO stock opened at $45.10 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 1.33. The firm has a market cap of $191.24 billion, a PE ratio of 21.68, a PEG ratio of 3.02 and a beta of 0.53. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.84.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Thursday, February 14th. The company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.07 billion. The Coca-Cola had a return on equity of 43.91% and a net margin of 20.20%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. On average, equities analysts forecast that The Coca-Cola Co will post 2.09 EPS for the current year.

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “neutral” rating and set a $49.00 target price on shares of The Coca-Cola in a research report on Monday, December 10th. Zacks Investment Research lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $51.00 target price on shares of The Coca-Cola in a research report on Thursday, February 14th. Bank of America reaffirmed a “buy” rating and set a $52.00 target price on shares of The Coca-Cola in a research report on Tuesday, October 30th. Finally, UBS Group reaffirmed a “neutral” rating and set a $50.00 target price on shares of The Coca-Cola in a research report on Friday, February 15th. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The Coca-Cola has a consensus rating of “Hold” and a consensus price target of $51.63.

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About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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