M. Kraus & Co grew its position in shares of The Coca-Cola Company (NYSE:KO) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,480 shares of the company’s stock after purchasing an additional 1,685 shares during the period. M. Kraus & Co’s holdings in The Coca-Cola were worth $355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. BlackRock Inc. grew its stake in shares of The Coca-Cola by 1.1% in the third quarter. BlackRock Inc. now owns 301,442,831 shares of the company’s stock valued at $14,882,230,000 after buying an additional 3,404,545 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of The Coca-Cola by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 35,887,212 shares of the company’s stock valued at $1,771,752,000 after buying an additional 1,552,809 shares in the last quarter. Morgan Stanley grew its stake in shares of The Coca-Cola by 3.2% in the third quarter. Morgan Stanley now owns 45,242,925 shares of the company’s stock valued at $2,233,644,000 after buying an additional 1,413,048 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of The Coca-Cola by 12.8% in the second quarter. Principal Financial Group Inc. now owns 10,361,388 shares of the company’s stock valued at $462,946,000 after buying an additional 1,176,700 shares in the last quarter. Finally, M&G Investment Management Ltd. grew its stake in shares of The Coca-Cola by 8,926.2% in the third quarter. M&G Investment Management Ltd. now owns 1,150,662 shares of the company’s stock valued at $56,382,000 after buying an additional 1,137,914 shares in the last quarter. Institutional investors and hedge funds own 60.00% of the company’s stock.

Shares of The Coca-Cola stock traded up $0.05 on Wednesday, hitting $50.16. The stock had a trading volume of 17,772,995 shares, compared to its average volume of 28,033,625. The Coca-Cola Company has a 52-week low of $36.27 and a 52-week high of $60.13. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 1.94. The stock has a market cap of $215.56 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 6.74 and a beta of 0.57. The company’s 50 day moving average price is $52.96 and its 200 day moving average price is $49.91.

The 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 the Thomson Reuters’ consensus estimate of $0.46 by $0.09. The Coca-Cola had a return on equity of 41.37% and a net margin of 24.90%. The business had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.37 billion. During the same period in the previous year, the business earned $0.56 EPS. The business’s quarterly revenue was down 9.0% on a year-over-year basis. Analysts predict that The Coca-Cola Company will post 1.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, November 30th. The Coca-Cola’s payout ratio is currently 77.73%.

Several research analysts recently commented on KO shares. JPMorgan Chase & Co. cut The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 target price for the company. in a research note on Thursday, January 7th. Deutsche Bank Aktiengesellschaft cut The Coca-Cola from a “buy” rating to a “hold” rating and lowered their target price for the stock from $57.00 to $55.00 in a research note on Tuesday, January 5th. Wells Fargo & Company started coverage on The Coca-Cola in a research note on Monday, December 7th. They set an “overweight” rating and a $62.00 target price for the company. BidaskClub cut The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Morgan Stanley boosted their target price on The Coca-Cola from $57.00 to $59.00 in a research note on Thursday, December 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $54.41.

In other The Coca-Cola news, Director David B. Weinberg sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $52.65, for a total transaction of $5,265,000.00. Following the completion of the sale, the director now directly owns 355,214 shares of the company’s stock, valued at approximately $18,702,017.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David B. Weinberg sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $50.12, for a total value of $10,024,000.00. Following the sale, the director now directly owns 355,214 shares of the company’s stock, valued at $17,803,325.68. The disclosure for this sale can be found here. Insiders sold a total of 400,000 shares of company stock valued at $20,264,000 over the last three months. Company insiders own 1.01% of the company’s stock.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

See Also: Convertible Shares

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

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