InterOcean Capital LLC cut its holdings in The Coca-Cola Co (NYSE:KO) by 33.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,160 shares of the company’s stock after selling 17,443 shares during the quarter. InterOcean Capital LLC’s holdings in The Coca-Cola were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Schulhoff & Co. Inc. boosted its position in The Coca-Cola by 1.2% during the 3rd quarter. Schulhoff & Co. Inc. now owns 86,940 shares of the company’s stock valued at $4,015,000 after acquiring an additional 1,015 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of The Coca-Cola by 6.3% during the third quarter. Rockefeller Capital Management L.P. now owns 18,354 shares of the company’s stock valued at $848,000 after purchasing an additional 1,080 shares during the last quarter. Hayek Kallen Investment Management lifted its holdings in shares of The Coca-Cola by 1.3% during the third quarter. Hayek Kallen Investment Management now owns 86,843 shares of the company’s stock valued at $3,772,000 after purchasing an additional 1,096 shares during the last quarter. Ascension Asset Management LLC lifted its holdings in shares of The Coca-Cola by 5.3% during the second quarter. Ascension Asset Management LLC now owns 22,050 shares of the company’s stock valued at $967,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Country Club Trust Company n.a. lifted its holdings in shares of The Coca-Cola by 3.7% during the third quarter. Country Club Trust Company n.a. now owns 30,995 shares of the company’s stock valued at $1,432,000 after purchasing an additional 1,100 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.

Shares of NYSE KO opened at $49.38 on Friday. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $50.84. The company has a market capitalization of $211.50 billion, a P/E ratio of 25.85, a PEG ratio of 3.25 and a beta of 0.61. 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 announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.20 billion. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. Sell-side analysts expect that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 3.16%. The Coca-Cola’s payout ratio is currently 81.68%.

In other The Coca-Cola news, VP Larry M. Mark sold 75,538 shares of The Coca-Cola stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $49.51, for a total value of $3,739,886.38. Following the completion of the sale, the vice president now owns 85,755 shares of the company’s stock, valued at approximately $4,245,730.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian John Smith sold 43,000 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $48.00, for a total transaction of $2,064,000.00. Following the completion of the sale, the insider now directly owns 123,908 shares of the company’s stock, valued at approximately $5,947,584. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 374,542 shares of company stock valued at $18,436,957. 1.48% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on KO shares. Citigroup set a $56.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a report on Friday, November 9th. Morgan Stanley set a $50.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Monday, October 15th. Macquarie set a $47.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Friday, September 14th. Morningstar set a $49.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Tuesday, November 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $48.00 target price on shares of The Coca-Cola in a report on Friday, August 31st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Hold” and a consensus price target of $51.43.

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The Coca-Cola 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 plant–based 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.

See Also: Return on Investment (ROI)

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

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