San Francisco Sentry Investment Group CA boosted its position in The Coca-Cola Co (NYSE:KO) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,071 shares of the company’s stock after acquiring an additional 382 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in The Coca-Cola were worth $1,038,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. FCA Corp TX purchased a new stake in The Coca-Cola during the 2nd quarter worth about $211,000. Davy Asset Management Ltd acquired a new position in The Coca-Cola during the 2nd quarter worth approximately $891,000. Curbstone Financial Management Corp lifted its position in The Coca-Cola by 6.0% during the 2nd quarter. Curbstone Financial Management Corp now owns 20,550 shares of the company’s stock worth $1,046,000 after acquiring an additional 1,170 shares in the last quarter. L & S Advisors Inc raised its position in shares of The Coca-Cola by 283.6% in the 2nd quarter. L & S Advisors Inc now owns 63,072 shares of the company’s stock valued at $3,212,000 after purchasing an additional 46,632 shares in the last quarter. Finally, Marathon Capital Management raised its position in shares of The Coca-Cola by 7.0% in the 2nd quarter. Marathon Capital Management now owns 10,851 shares of the company’s stock valued at $552,000 after purchasing an additional 712 shares in the last quarter. 67.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE KO traded down $0.08 during mid-day trading on Friday, hitting $52.21. 6,997,608 shares of the company traded hands, compared to its average volume of 13,198,850. The Coca-Cola Co has a 1 year low of $44.42 and a 1 year high of $55.92. The stock has a market capitalization of $224.59 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 3.65 and a beta of 0.46. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The business has a 50 day moving average of $53.85 and a two-hundred day moving average of $52.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, November 29th. The Coca-Cola’s dividend payout ratio is currently 76.92%.
KO has been the topic of a number of recent analyst reports. ValuEngine lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $63.00 in a research report on Wednesday, October 23rd. SunTrust Banks upped their target price on The Coca-Cola to $60.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research report on Wednesday, July 24th. Finally, Bank of America reaffirmed a “buy” rating and issued a $60.00 target price (up from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The Coca-Cola presently has a consensus rating of “Buy” and an average target price of $55.95.
In other The Coca-Cola news, insider Nikolaos Koumettis sold 146,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $54.31, for a total value of $7,929,260.00. Following the transaction, the insider now directly owns 244,451 shares of the company’s stock, valued at approximately $13,276,133.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Lisa Chang bought 500 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the transaction, the senior vice president now owns 5,448 shares in the company, valued at $290,051.52. The disclosure for this purchase can be found here. Over the last three months, insiders sold 403,026 shares of company stock valued at $22,037,406. Company insiders own 1.33% of the company’s stock.
The 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.
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