The Coca-Cola Co (KO) Stake Lessened by Tandem Investment Advisors Inc.
Tandem Investment Advisors Inc. cut its holdings in The Coca-Cola Co (NYSE:KO) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,208 shares of the company’s stock after selling 4,929 shares during the period. Tandem Investment Advisors Inc.’s holdings in The Coca-Cola were worth $4,285,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in KO. Janus Henderson Group PLC lifted its stake in The Coca-Cola by 1,117.2% in the second quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after purchasing an additional 12,243,387 shares during the last quarter. Capital World Investors lifted its stake in The Coca-Cola by 8.9% in the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares during the last quarter. Vanguard Group Inc. lifted its stake in The Coca-Cola by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares during the last quarter. HS Management Partners LLC purchased a new position in The Coca-Cola in the second quarter valued at approximately $152,243,000. Finally, Lazard Asset Management LLC lifted its stake in The Coca-Cola by 13.3% in the second quarter. Lazard Asset Management LLC now owns 27,715,975 shares of the company’s stock valued at $1,243,060,000 after purchasing an additional 3,243,942 shares during the last quarter. 65.38% of the stock is owned by institutional investors.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the 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 transaction, the insider now owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.51% of the stock is owned by corporate insiders.
The Coca-Cola Co (NYSE:KO) traded up $0.16 on Monday, reaching $46.19. The company had a trading volume of 21,181,600 shares, compared to its average volume of 11,531,985. The company has a market capitalization of $196,778.91, a PE ratio of 24.44, a PEG ratio of 3.95 and a beta of 0.70. 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 Coca-Cola Co has a 1-year low of $40.22 and a 1-year high of $47.48.
The Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. equities research analysts predict that The Coca-Cola Co will post 1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.37 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. The Coca-Cola’s dividend payout ratio is presently 140.95%.
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The Coca-Cola 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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