Mutual of America Capital Management LLC Has $26.77 Million Holdings in The Coca-Cola Company (NYSE:KO)

Mutual of America Capital Management LLC lifted its position in shares of The Coca-Cola Company (NYSE:KO) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 510,189 shares of the company’s stock after buying an additional 3,309 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Coca-Cola were worth $26,770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Monumental Financial Group Inc. acquired a new stake in shares of Coca-Cola during the second quarter worth $27,000. Avion Wealth grew its holdings in Coca-Cola by 736.1% in the third quarter. Avion Wealth now owns 510 shares of the company’s stock worth $27,000 after purchasing an additional 449 shares during the period. Core Alternative Capital acquired a new stake in Coca-Cola in the third quarter worth $32,000. Strategic Asset Management LLC acquired a new stake in Coca-Cola in the third quarter worth $34,000. Finally, Larson Financial Group LLC grew its holdings in shares of Coca-Cola by 37.0% during the third quarter. Larson Financial Group LLC now owns 748 shares of the company’s stock valued at $39,000 after buying an additional 202 shares during the last quarter. Institutional investors own 67.08% of the company’s stock.

KO has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Coca-Cola from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, October 28th. Evercore ISI reiterated a “buy” rating on shares of Coca-Cola in a report on Tuesday, November 9th. The Goldman Sachs Group set a $55.00 price target on shares of Coca-Cola in a research report on Thursday, December 9th. Credit Suisse Group set a $63.00 price target on shares of Coca-Cola in a research report on Thursday, December 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Coca-Cola from $60.00 to $59.00 and set a “hold” rating on the stock in a research report on Friday, October 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $61.76.

NYSE:KO traded up $0.24 during midday trading on Friday, reaching $61.14. 419,592 shares of the stock traded hands, compared to its average volume of 16,925,314. The company has a fifty day moving average of $57.10 and a 200 day moving average of $55.98. The Coca-Cola Company has a 12 month low of $48.11 and a 12 month high of $61.19. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.32 and a current ratio of 1.52. The stock has a market capitalization of $264.09 billion, a P/E ratio of 29.85, a PEG ratio of 3.13 and a beta of 0.70.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, October 26th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. Coca-Cola had a net margin of 23.31% and a return on equity of 44.22%. The business had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.72 billion. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, analysts predict that The Coca-Cola Company will post 2.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were issued a $0.42 dividend. The ex-dividend date was Tuesday, November 30th. This represents a $1.68 annualized dividend and a yield of 2.75%. Coca-Cola’s dividend payout ratio (DPR) is presently 82.35%.

In other Coca-Cola news, insider Alfredo Rivera sold 7,964 shares of Coca-Cola stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $56.36, for a total value of $448,851.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Murphy sold 115,896 shares of the stock in a transaction dated Tuesday, January 4th. The shares were sold at an average price of $60.03, for a total value of $6,957,236.88. The disclosure for this sale can be found here. Insiders sold a total of 284,246 shares of company stock valued at $16,757,518 over the last 90 days. Company insiders own 1.01% of the company’s stock.

Coca-Cola Company Profile

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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

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