Montag A & Associates Inc. reduced its stake in shares of The Coca-Cola Co (NYSE:KO) by 6.0% during the 3rd quarter, Holdings Channel reports. The fund owned 657,720 shares of the company’s stock after selling 42,001 shares during the period. The Coca-Cola accounts for about 2.7% of Montag A & Associates Inc.’s holdings, making the stock its 5th largest position. Montag A & Associates Inc.’s holdings in The Coca-Cola were worth $30,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WP Advisors LLC bought a new position in shares of The Coca-Cola during the second quarter valued at approximately $107,000. Westbourne Investment Advisors Inc. bought a new position in shares of The Coca-Cola during the third quarter valued at approximately $117,000. Signature Estate & Investment Advisors LLC bought a new position in shares of The Coca-Cola during the second quarter valued at approximately $116,000. Fort L.P. bought a new position in shares of The Coca-Cola during the second quarter valued at approximately $122,000. Finally, Sageworth Trust Co grew its stake in shares of The Coca-Cola by 69.5% during the third quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock valued at $135,000 after buying an additional 1,200 shares during the last quarter. 65.79% of the stock is currently owned by institutional investors.

In other news, SVP Beatriz R. Perez sold 10,000 shares of the 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 in the company, valued at approximately $4,630,397.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Larry M. Mark sold 75,538 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $49.51, for a total value of $3,739,886.38. Following the sale, the vice president now owns 85,755 shares of the company’s stock, valued at approximately $4,245,730.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 359,442 shares of company stock valued at $17,675,917. 1.48% of the stock is owned by company insiders.

The Coca-Cola stock opened at $50.51 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The firm has a market cap of $214.02 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 3.29 and a beta of 0.60. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $50.76.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.20 billion. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The Coca-Cola’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. Analysts anticipate that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 3.09%. The Coca-Cola’s dividend payout ratio is currently 81.68%.

KO has been the subject of a number of research reports. Barclays reiterated a “buy” rating and issued a $50.00 price target on shares of The Coca-Cola in a report on Friday, October 5th. Zacks Investment Research lowered The Coca-Cola from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. HSBC reiterated a “buy” rating and issued a $64.00 price target on shares of The Coca-Cola in a report on Wednesday, October 31st. Jefferies Financial Group set a $48.00 price target on The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, September 6th. Finally, ValuEngine upgraded The Coca-Cola from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Hold” and an average target price of $51.43.

TRADEMARK VIOLATION NOTICE: This story was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/11/20/montag-a-associates-inc-trims-holdings-in-the-coca-cola-co-ko.html.

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.

Featured Article: How are institutional investors different from individual investors?

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).

Institutional Ownership by Quarter for The Coca-Cola (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.