Carroll Financial Associates Inc. cut its position in shares of The Coca-Cola Co (NYSE:KO) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,334 shares of the company’s stock after selling 3,937 shares during the quarter. Carroll Financial Associates Inc.’s holdings in The Coca-Cola were worth $2,504,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KO. Vanguard Group Inc. grew its holdings in The Coca-Cola by 1.4% in the third quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after purchasing an additional 3,918,108 shares during the period. Vanguard Group Inc grew its holdings in The Coca-Cola by 1.4% in the third quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after purchasing an additional 3,918,108 shares during the period. Capital International Investors grew its holdings in The Coca-Cola by 81.9% in the third quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock valued at $2,919,050,000 after purchasing an additional 28,445,747 shares during the period. FMR LLC grew its holdings in The Coca-Cola by 2.3% in the third quarter. FMR LLC now owns 50,012,668 shares of the company’s stock valued at $2,310,085,000 after purchasing an additional 1,116,190 shares during the period. Finally, Morgan Stanley grew its holdings in The Coca-Cola by 3.6% in the second quarter. Morgan Stanley now owns 38,959,393 shares of the company’s stock valued at $1,708,760,000 after purchasing an additional 1,336,852 shares during the period. Institutional investors and hedge funds own 65.53% of the company’s stock.

Shares of NYSE KO traded up $0.03 during trading on Friday, reaching $47.11. 3,869,171 shares of the stock were exchanged, compared to its average volume of 14,205,646. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $50.84. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. The stock has a market cap of $198.66 billion, a P/E ratio of 24.66, a PEG ratio of 2.85 and a beta of 0.62.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.20 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, research analysts expect that The Coca-Cola Co will post 2.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.31%. The Coca-Cola’s payout ratio is currently 81.68%.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America set a $55.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a report on Friday, December 14th. UBS Group restated a “neutral” rating and issued a $51.00 target price (up from $50.00) on shares of The Coca-Cola in a report on Thursday, December 13th. Jefferies Financial Group restated a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a report on Monday, December 10th. Finally, Macquarie reaffirmed a “neutral” rating and set a $50.00 price target on shares of The Coca-Cola in a research report on Tuesday, December 4th. Fourteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $51.78.

In related news, insider Jennifer K. Mann sold 15,100 shares of The Coca-Cola stock in a transaction on Monday, November 19th. The shares were sold at an average price of $50.40, for a total value of $761,040.00. Following the completion of the sale, the insider now owns 40,058 shares in the company, valued at $2,018,923.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of The Coca-Cola stock in a transaction on Monday, November 12th. The stock was sold at an average price of $49.98, for a total transaction of $499,800.00. Following the completion of the sale, the senior vice president now owns 92,645 shares of the company’s stock, valued at approximately $4,630,397.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 374,542 shares of company stock worth $18,436,957. Corporate insiders own 1.48% of the company’s stock.

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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.

Further Reading: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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