Coca-Cola Company (The) (KO) Holdings Reduced by Girard Partners LTD.
Girard Partners LTD. reduced its stake in Coca-Cola Company (The) (NYSE:KO) by 28.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,040 shares of the company’s stock after selling 15,083 shares during the period. Girard Partners LTD.’s holdings in Coca-Cola were worth $1,706,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Summit Financial Group Inc. acquired a new stake in shares of Coca-Cola in the second quarter valued at approximately $2,779,000. Global X Management Co. LLC boosted its holdings in shares of Coca-Cola by 6.0% in the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock valued at $9,966,000 after acquiring an additional 12,513 shares during the period. Montecito Bank & Trust boosted its holdings in shares of Coca-Cola by 90.2% in the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock valued at $5,394,000 after acquiring an additional 60,258 shares during the period. BB&T Corp boosted its holdings in shares of Coca-Cola by 9.5% in the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock valued at $40,980,000 after acquiring an additional 78,932 shares during the period. Finally, Keystone Financial Planning Inc. boosted its holdings in shares of Coca-Cola by 2.1% in the first quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock valued at $5,111,000 after acquiring an additional 2,465 shares during the period. Institutional investors own 65.09% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Coca-Cola from a “hold” rating to an “outperform” rating and increased their price objective for the company from $45.00 to $51.00 in a report on Sunday. Goldman Sachs Group Inc set a $45.00 price target on Coca-Cola and gave the stock a “sell” rating in a report on Tuesday, November 21st. Susquehanna Bancshares Inc set a $45.00 price target on Coca-Cola and gave the stock a “hold” rating in a report on Tuesday, November 21st. J P Morgan Chase & Co set a $49.00 price target on Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, November 16th. Finally, Royal Bank Of Canada set a $49.00 price target on Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.71.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.51% of the company’s stock.
Coca-Cola Company (NYSE KO) traded up $0.04 during trading on Monday, reaching $45.88. The company’s stock had a trading volume of 2,996,300 shares, compared to its average volume of 11,464,848. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $47.48. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $195,479.41, a P/E ratio of 24.28, a P/E/G ratio of 3.88 and a beta of 0.70.
Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The business had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. equities analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, November 30th. Coca-Cola’s dividend payout ratio is currently 140.95%.
Coca-Cola Company Profile
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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