Coca-Cola Company (The) (KO) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in Coca-Cola Company (The) (NYSE:KO) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 285,681 shares of the company’s stock after selling 954 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Coca-Cola were worth $12,813,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC grew its holdings in Coca-Cola by 5.0% during the 1st 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 in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Coca-Cola by 59.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares in the last quarter. Eagle Ridge Investment Management acquired a new position in shares of Coca-Cola in the 2nd quarter valued at $138,000. SRS Capital Advisors Inc. boosted its holdings in shares of Coca-Cola by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its holdings in shares of Coca-Cola by 21.9% in the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after buying an additional 572 shares in the last quarter. 65.38% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.51% of the stock is owned by company insiders.
Coca-Cola Company (NYSE KO) traded up $0.03 during trading on Wednesday, hitting $46.26. 13,670,699 shares of the company’s stock traded hands, compared to its average volume of 11,512,455. Coca-Cola Company has a one year low of $40.22 and a one year high of $47.48. The firm has a market cap of $196,970.64, a PE ratio of 24.46, a P/E/G ratio of 3.91 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30.
Coca-Cola (NYSE:KO) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. equities research analysts predict that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Coca-Cola’s dividend payout ratio is currently 140.95%.
Several research analysts have recently issued reports on KO shares. Cowen restated a “hold” rating and issued a $42.00 target price on shares of Coca-Cola in a report on Thursday, August 24th. Royal Bank Of Canada restated a “buy” rating and issued a $49.00 target price on shares of Coca-Cola in a report on Wednesday, September 6th. Jefferies Group reiterated a “hold” rating and issued a $47.00 price target on shares of Coca-Cola in a research report on Thursday, September 7th. Vetr upgraded shares of Coca-Cola from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Finally, Macquarie began coverage on shares of Coca-Cola in a research report on Friday, September 15th. They issued a “neutral” rating and a $47.00 price target for the company. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $47.80.
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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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