Lavaca Capital LLC Takes $152,000 Position in The Coca-Cola Co (KO)
Lavaca Capital LLC purchased a new position in The Coca-Cola Co (NYSE:KO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,207 shares of the company’s stock, valued at approximately $152,000.
Other hedge funds have also made changes to their positions in the company. First American Trust FSB lifted its position in The Coca-Cola by 3.4% during the third quarter. First American Trust FSB now owns 137,842 shares of the company’s stock valued at $6,367,000 after buying an additional 4,486 shares during the period. Hollencrest Capital Management lifted its position in The Coca-Cola by 2.8% during the third quarter. Hollencrest Capital Management now owns 64,627 shares of the company’s stock valued at $2,985,000 after buying an additional 1,755 shares during the period. Wealth Architects LLC lifted its position in The Coca-Cola by 43.4% during the third quarter. Wealth Architects LLC now owns 7,223 shares of the company’s stock valued at $334,000 after buying an additional 2,186 shares during the period. Chemung Canal Trust Co. lifted its position in The Coca-Cola by 17.1% during the third quarter. Chemung Canal Trust Co. now owns 177,155 shares of the company’s stock valued at $8,183,000 after buying an additional 25,824 shares during the period. Finally, Accurate Investment Solutions Inc. lifted its position in The Coca-Cola by 1.4% during the third quarter. Accurate Investment Solutions Inc. now owns 85,659 shares of the company’s stock valued at $3,957,000 after buying an additional 1,173 shares during the period. 65.53% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Jefferies Financial Group restated a “neutral” rating and set a $48.00 price target on shares of The Coca-Cola in a report on Wednesday, October 17th. Macquarie restated a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a report on Thursday, October 4th. ValuEngine upgraded The Coca-Cola from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Morningstar set a $49.00 price target on The Coca-Cola and gave the company a “neutral” rating in a report on Tuesday, November 6th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.64.
NYSE KO opened at $47.17 on Tuesday. The Coca-Cola Co has a one year low of $41.45 and a one year high of $50.84. The stock has a market capitalization of $202.08 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.90 and a beta of 0.62. 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 Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.20 billion. During the same period last year, the company earned $0.50 EPS. The Coca-Cola’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, sell-side analysts expect that The Coca-Cola Co will post 2.08 EPS for the current year.
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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 plantbased 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.
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