Aug 13 2017 by Johnny Bowman
Tukman Grossman Capital Management Inc decreased Coca Cola Co (KO) stake by 29.6% reported in 2016Q4 SEC filing. The institutional investor owned 167,102 shares of the company's stock after buying an additional 40,850 shares during the period. Signature Estate & Investment Advisors has an ownership of 2,725 stocks of the firms shares valued $116,000 after scooping up an extra 129 shares through out the quarter. The value of the company's investment in Coca-Cola Bottling Co. Signature Estate & Investment Advisors raised its position in Coca-Cola Company (The) by 5.0% in the Q1. MARSHALL WACE ASIA Ltd acquired a new position in shares of Coca-Cola European Partners PLC during the first quarter worth $4,864,000. Suntrust Banks Inc. increased its position in shares of Coca-Cola European Partners PLC by 0.9% in the first quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company's stock valued at $9,886,000 after buying an additional 27,560 shares during the last quarter. Finally, Cribstone Capital Management LLC boosted its stake in Coca-Cola Company (The) by 44.7% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company's stock worth $141,000 after buying an additional 264 shares in the last quarter. The Coca-Cola Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior Vice President MANN JENNIFER K has sold 8,819 shares of The Coca-Cola Company (KO) in trading session dated August 07, 2017. Overall, 8.86 Million shares exchanged hands versus its average trading volume of 10.57 Million shares. The firm has a market capitalization of $194.46 billion, a P/E ratio of 48.14 and a beta of 0.69.
It is trading at $208.81 which is significantly below the 50 day moving average which is $233.33 and a tad higher than the 200 day moving average of $206.90. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75. Credit Suisse upgraded The Coca-Cola Co (NYSE:KO) on Wednesday, April 19 to "Outperform" rating. The dividend payment was $0.250 per share for the quarter or $1.00 on an annualized basis. The business had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company reported revenue of $8.71 Billion in the same period past year. Davenport And Limited Co holds 0.8% or 1.34M shares in its portfolio. On average, equities analysts expect that Coca-Cola Company will post $1.90 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.37 dividend. Coca-Cola Bottling Co Consolidated's payout ratio is now 20.37%.
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Other equities research analysts have also recently issued reports about the company. Finally, Susquehanna Bancshares Inc set a $39.00 price objective on shares of Coca-Cola Company (The) and gave the stock a "hold" rating in a research report on Wednesday, July 26th. BMO Capital Markets maintained the shares of KO in report on Thursday, March 23 with "Buy" rating. Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the stock a "neutral" rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The company now has an average rating of Hold and a consensus target price of $45.62. It turned negative, as 76 investors sold KO shares while 623 reduced holdings. Consolid shares by 1,588 shares as of the end of the last quarter. The information was declared in a transaction filed with the SEC which is available at this hyperlink. Finan Irial had sold 354,146 shares worth $15.94 million on Wednesday, May 24. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the completion of the transaction, the insider now directly owns 780,258 shares in the company, valued at $35,111,610. The disclosure for this sale can be found here. Global Financial Private Capital LLC now owns 721,344 shares of the company's stock valued at $32,352,000 after buying an additional 169,395 shares during the last quarter. Boys Arnold owns 147,223 shares for 1.01% of their portfolio.
The Coca-Cola Company shares increased 0.15 percent over the past week and rose 2.76 percent over the previous month.
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