The Coca-Cola Co (KO) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC reduced its position in shares of The Coca-Cola Co (NYSE:KO) by 1.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 211,395 shares of the company’s stock after selling 2,438 shares during the quarter. LS Investment Advisors LLC’s holdings in The Coca-Cola were worth $9,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in The Coca-Cola by 1,117.2% in the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock worth $598,273,000 after purchasing an additional 12,243,387 shares in the last quarter. Capital World Investors raised its holdings in The Coca-Cola by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after purchasing an additional 11,593,679 shares in the last quarter. Vanguard Group Inc. raised its holdings in The Coca-Cola by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after purchasing an additional 4,818,963 shares in the last quarter. HS Management Partners LLC bought a new position in The Coca-Cola in the 2nd quarter worth $152,243,000. Finally, Lazard Asset Management LLC raised its holdings in The Coca-Cola by 13.3% in the 2nd quarter. Lazard Asset Management LLC now owns 27,715,975 shares of the company’s stock worth $1,243,060,000 after purchasing an additional 3,243,942 shares in the last quarter. Institutional investors own 65.30% of the company’s stock.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were 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 in the company, valued at approximately $14,749,399.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.51% of the company’s stock.

Shares of The Coca-Cola Co (NYSE KO) traded up $0.11 during midday trading on Friday, hitting $46.15. 14,544,400 shares of the stock were exchanged, compared to its average volume of 10,870,000. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The stock has a market cap of $196,630.00, a P/E ratio of 43.95, a PEG ratio of 3.69 and a beta of 0.70. The Coca-Cola Co has a 12-month low of $40.22 and a 12-month high of $47.48.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. equities research analysts forecast that The Coca-Cola Co will post 1.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Thursday, November 30th. The Coca-Cola’s payout ratio is presently 140.95%.

A number of analysts have recently weighed in on the stock. Susquehanna Bancshares set a $41.00 target price on shares of The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Goldman Sachs Group set a $45.00 target price on shares of The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. set a $49.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Wells Fargo & Co raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $46.72 to $51.00 in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company. The Coca-Cola has an average rating of “Hold” and a consensus target price of $49.01.

ILLEGAL ACTIVITY NOTICE: “The Coca-Cola Co (KO) Shares Sold by LS Investment Advisors LLC” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/14/ls-investment-advisors-llc-sells-2438-shares-of-the-coca-cola-co-ko.html.

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.

Institutional Ownership by Quarter for The Coca-Cola (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.

Leave a Reply