Cpwm LLC raised its holdings in shares of The Coca-Cola Co (NYSE:KO) by 26.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,224 shares of the company’s stock after buying an additional 3,002 shares during the period. Cpwm LLC’s holdings in The Coca-Cola were worth $657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of The Coca-Cola by 0.9% during the third quarter. State of Alaska Department of Revenue now owns 560,169 shares of the company’s stock worth $25,871,000 after purchasing an additional 4,973 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of The Coca-Cola by 1.1% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 233,378 shares of the company’s stock worth $10,236,000 after purchasing an additional 2,600 shares during the period. First Command Financial Services Inc. boosted its holdings in shares of The Coca-Cola by 73.2% during the third quarter. First Command Financial Services Inc. now owns 19,124 shares of the company’s stock worth $883,000 after purchasing an additional 8,084 shares during the period. HPM Partners LLC boosted its holdings in shares of The Coca-Cola by 3.0% during the second quarter. HPM Partners LLC now owns 100,292 shares of the company’s stock worth $4,399,000 after purchasing an additional 2,931 shares during the period. Finally, Baldwin Investment Management LLC purchased a new stake in shares of The Coca-Cola during the second quarter worth about $272,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

In other The Coca-Cola news, SVP James L. Dinkins sold 8,754 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. Following the completion of the transaction, the senior vice president now owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kathy N. Waller sold 88,400 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $50.00, for a total transaction of $4,420,000.00. Following the transaction, the vice president now directly owns 256,421 shares of the company’s stock, valued at approximately $12,821,050. The disclosure for this sale can be found here. Insiders have sold 374,542 shares of company stock valued at $18,436,957 in the last ninety days. Insiders own 1.48% of the company’s stock.

A number of research firms have recently weighed in on KO. Societe Generale set a $49.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Monday, August 13th. HSBC reissued a “buy” rating and issued a $61.00 price target on shares of The Coca-Cola in a research note on Monday, August 20th. Jefferies Financial Group reissued a “neutral” rating and issued a $48.00 price target on shares of The Coca-Cola in a research note on Wednesday, October 17th. Macquarie reissued a “neutral” rating and issued a $50.00 price target on shares of The Coca-Cola in a research note on Tuesday. Finally, ValuEngine raised shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.43.

Shares of NYSE KO opened at $49.38 on Friday. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.84. The company has a market cap of $211.50 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 3.25 and a beta of 0.61. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26.

The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that The Coca-Cola Co will post 2.08 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s dividend payout ratio is 81.68%.

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The Coca-Cola Company Profile

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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