Assenagon Asset Management S.A. Boosts Holdings in The Coca-Cola Co (KO)
Assenagon Asset Management S.A. raised its position in The Coca-Cola Co (NYSE:KO) by 1.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 110,995 shares of the company’s stock after purchasing an additional 1,446 shares during the period. Assenagon Asset Management S.A.’s holdings in The Coca-Cola were worth $4,996,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Cambridge Advisors Inc. boosted its stake in shares of The Coca-Cola by 0.3% during the second quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after acquiring an additional 26 shares during the last quarter. Lyell Wealth Management LP boosted its stake in shares of The Coca-Cola by 0.6% during the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after acquiring an additional 50 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in shares of The Coca-Cola by 0.4% during the second quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after acquiring an additional 64 shares during the last quarter. Vigilant Capital Management LLC boosted its stake in shares of The Coca-Cola by 1.9% during the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after acquiring an additional 68 shares during the last quarter. Finally, Atlantic Trust LLC boosted its stake in shares of The Coca-Cola by 1.4% during the second quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock valued at $283,000 after acquiring an additional 89 shares during the last quarter. 65.30% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on the company. Susquehanna Bancshares set a $41.00 price target on The Coca-Cola and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, November 15th. J P Morgan Chase & Co set a $49.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Wells Fargo & Company raised The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $46.72 to $51.00 in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada set a $49.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research note on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.01.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. equities research analysts anticipate that The Coca-Cola Co will post 1.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.21%. The Coca-Cola’s dividend payout ratio (DPR) is 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.51% of the company’s stock.
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About The Coca-Cola
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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