Gilbert & Cook Inc. increased its stake in The Coca-Cola Co (NYSE:KO) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,078 shares of the company’s stock after acquiring an additional 218 shares during the period. Gilbert & Cook Inc.’s holdings in The Coca-Cola were worth $276,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FCA Corp TX bought a new position in The Coca-Cola during the 2nd quarter valued at approximately $211,000. Davy Asset Management Ltd bought a new position in The Coca-Cola during the 2nd quarter valued at approximately $891,000. Curbstone Financial Management Corp raised 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 valued at $1,046,000 after purchasing an additional 1,170 shares during the last quarter. L & S Advisors Inc raised its position in The Coca-Cola by 283.6% during 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 during the last quarter. Finally, Marathon Capital Management raised its position in The Coca-Cola by 7.0% during 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 during the last quarter. 67.32% of the stock is owned by institutional investors.
Shares of NYSE:KO traded down $0.08 during trading on Friday, hitting $52.21. The stock had a trading volume of 6,997,608 shares, compared to its average volume of 13,198,850. 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 company has a market capitalization of $224.59 billion, a PE ratio of 25.10, a PEG ratio of 3.65 and a beta of 0.46. The firm’s fifty day moving average is $53.85 and its 200 day moving average is $52.23. The Coca-Cola Co has a 12 month low of $44.42 and a 12 month high of $55.92.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. The company had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.42 billion. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. Equities research analysts expect that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.06%. The Coca-Cola’s payout ratio is currently 76.92%.
In related news, insider Nikolaos Koumettis sold 146,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 244,451 shares in the company, valued at approximately $13,276,133.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lisa Chang purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $53.24 per share, for a total transaction of $26,620.00. Following the purchase, the senior vice president now directly owns 5,448 shares in the company, valued at $290,051.52. The disclosure for this purchase can be found here. Insiders sold a total of 403,026 shares of company stock worth $22,037,406 in the last 90 days. 1.33% of the stock is currently owned by company insiders.
A number of research analysts have commented on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 24th. SunTrust Banks increased their target price on The Coca-Cola to $60.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Guggenheim set a $59.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research report on Friday, October 18th. ValuEngine lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. set a $59.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $55.95.
About The Coca-Cola
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.
See Also: How Do Mutual Funds Work?
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.