The Coca-Cola Co (KO) Position Trimmed by Investment House LLC
Investment House LLC cut its stake in shares of The Coca-Cola Co (NYSE:KO) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,941 shares of the company’s stock after selling 1,900 shares during the quarter. Investment House LLC’s holdings in The Coca-Cola were worth $1,181,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of KO. Transamerica Financial Advisors Inc. increased its position in shares of The Coca-Cola by 567.7% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock worth $41,000 after acquiring an additional 721 shares during the period. Financial Gravity Companies Inc. bought a new position in shares of The Coca-Cola during the fourth quarter valued at approximately $45,000. Cordasco Financial Network boosted its stake in shares of The Coca-Cola by 26.1% during the fourth quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after purchasing an additional 214 shares in the last quarter. Country Trust Bank boosted its stake in shares of The Coca-Cola by 2,506.7% during the fourth quarter. Country Trust Bank now owns 1,173 shares of the company’s stock valued at $56,000 after purchasing an additional 1,128 shares in the last quarter. Finally, Financial Advantage Inc. bought a new position in shares of The Coca-Cola during the fourth quarter valued at approximately $59,000. 66.99% of the stock is currently owned by institutional investors and hedge funds.
KO has been the topic of a number of recent research reports. Morgan Stanley set a $48.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a research note on Friday, February 15th. Credit Suisse Group initiated coverage on shares of The Coca-Cola in a research note on Wednesday, March 6th. They set a “neutral” rating and a $48.00 price objective on the stock. Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Royal Bank of Canada reiterated a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research note on Wednesday, February 13th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $47.00 price objective on shares of The Coca-Cola in a research note on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.60.
Shares of KO opened at $45.30 on Friday. The company has a market capitalization of $193.25 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.10 and a beta of 0.51. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $50.84. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.05 and a quick ratio of 0.95.
The Coca-Cola (NYSE:KO) last announced its earnings results on Thursday, February 14th. The company reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.07 billion. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The Coca-Cola’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. On average, equities analysts predict that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.53%. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is 75.00%.
ILLEGAL ACTIVITY NOTICE: This piece was published by Marea Informative and is owned by of Marea Informative. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.mareainformativa.com/news/2019/03/17/the-coca-cola-co-ko-position-trimmed-by-investment-house-llc.html.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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.
Further Reading: How can you know how many shares are floating?
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.