JustInvest LLC increased its position in Coca-Cola Co (The) (NYSE:KO) by 41.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,283 shares of the company’s stock after purchasing an additional 6,843 shares during the period. JustInvest LLC’s holdings in Coca-Cola were worth $1,149,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Costello Asset Management INC purchased a new stake in Coca-Cola in the second quarter worth $25,000. Demars Financial Group LLC purchased a new stake in Coca-Cola in the second quarter worth $27,000. Evolution Wealth Advisors LLC grew its stake in Coca-Cola by 112.5% in the second quarter. Evolution Wealth Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 332 shares during the period. Anderson Fisher LLC grew its stake in Coca-Cola by 26.5% in the second quarter. Anderson Fisher LLC now owns 1,142 shares of the company’s stock worth $51,000 after purchasing an additional 239 shares during the period. Finally, AlphaMark Advisors LLC grew its stake in Coca-Cola by 22.2% in the second quarter. AlphaMark Advisors LLC now owns 1,205 shares of the company’s stock worth $54,000 after purchasing an additional 219 shares during the period. 65.86% of the stock is currently owned by institutional investors.

KO stock traded down $1.52 during trading on Wednesday, reaching $48.38. The stock had a trading volume of 1,037,687 shares, compared to its average volume of 17,337,598. Coca-Cola Co has a 52 week low of $36.27 and a 52 week high of $60.13. The stock’s 50 day moving average is $49.99 and its two-hundred day moving average is $47.58. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 1.97. The firm has a market cap of $214.44 billion, a PE ratio of 22.69, a PEG ratio of 5.76 and a beta of 0.55.

Coca-Cola (NYSE:KO) last posted its earnings results on Thursday, October 22nd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.09. Coca-Cola had a return on equity of 41.44% and a net margin of 26.77%. The company had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.37 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. Coca-Cola’s revenue was down 9.0% on a year-over-year basis. On average, research analysts anticipate that Coca-Cola Co will post 1.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is currently 77.73%.

In other news, Director David B. Weinberg sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $48.02, for a total value of $2,401,000.00. Following the transaction, the director now owns 355,214 shares of the company’s stock, valued at $17,057,376.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Edward Long sold 37,534 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $48.21, for a total value of $1,809,514.14. Following the completion of the transaction, the senior vice president now directly owns 82,502 shares in the company, valued at approximately $3,977,421.42. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $6,611,514 in the last ninety days. Corporate insiders own 1.01% of the company’s stock.

A number of equities research analysts have recently commented on KO shares. Zacks Investment Research cut Coca-Cola from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research note on Tuesday, September 22nd. UBS Group increased their target price on Coca-Cola from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Bank of America reissued a “buy” rating and issued a $53.00 target price on shares of Coca-Cola in a research note on Friday, July 17th. Finally, Morgan Stanley increased their target price on Coca-Cola from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Coca-Cola currently has a consensus rating of “Buy” and a consensus target price of $53.28.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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: Black Swan

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

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