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.
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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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