Bellwether Investment Group LLC Acquires 333 Shares of Coca-Cola Company (The) (KO)
Bellwether Investment Group LLC lifted its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,966 shares of the company’s stock after purchasing an additional 333 shares during the period. Coca-Cola comprises approximately 2.3% of Bellwether Investment Group LLC’s holdings, making the stock its 10th biggest holding. Bellwether Investment Group LLC’s holdings in Coca-Cola were worth $492,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Signature Estate & Investment Advisors LLC boosted its position in Coca-Cola by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after acquiring an additional 129 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Coca-Cola by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares during the last quarter. Eagle Ridge Investment Management acquired a new stake in Coca-Cola during the second quarter worth approximately $138,000. SRS Capital Advisors Inc. boosted its position in Coca-Cola by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after acquiring an additional 264 shares during the last quarter. Finally, Perkins Coie Trust Co boosted its position in Coca-Cola by 21.9% during the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after acquiring an additional 572 shares during the last quarter. 65.38% of the stock is owned by institutional investors and hedge funds.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.51% of the company’s stock.
KO has been the topic of a number of research analyst reports. Jefferies Group set a $47.00 price target on shares of Coca-Cola and gave the company a “neutral” rating in a report on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 price target on shares of Coca-Cola in a report on Wednesday, September 6th. Citigroup set a $53.00 price target on shares of Coca-Cola and gave the company a “buy” rating in a report on Thursday, August 3rd. lifted their price target on shares of Coca-Cola from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $47.00 price target on shares of Coca-Cola in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $47.71.
Coca-Cola Company (NYSE:KO) traded down $0.41 during trading hours on Wednesday, hitting $45.42. 4,318,362 shares of the company traded hands, compared to its average volume of 11,426,210. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The firm has a market cap of $195,270.00, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $47.48.
Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The business’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. equities research analysts forecast that Coca-Cola Company will post 1.9 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola’s dividend payout ratio (DPR) is 140.95%.
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The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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