Marcus Capital LLC decreased its position in The Coca-Cola Co (NYSE:KO) by 40.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,800 shares of the company’s stock after selling 20,000 shares during the period. The Coca-Cola comprises 1.9% of Marcus Capital LLC’s investment portfolio, making the stock its 25th biggest position. Marcus Capital LLC’s holdings in The Coca-Cola were worth $1,341,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KO. Meeder Asset Management Inc. increased its stake in shares of The Coca-Cola by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after purchasing an additional 1,026 shares in the last quarter. Veritas Investment Management LLP purchased a new stake in shares of The Coca-Cola during the third quarter worth about $135,000. Legacy Advisors LLC purchased a new stake in shares of The Coca-Cola during the third quarter worth about $139,000. Almanack Investment Partners LLC. purchased a new stake in shares of The Coca-Cola during the second quarter worth about $142,000. Finally, Perkins Coie Trust Co increased its stake in shares of The Coca-Cola by 21.9% during the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares in the last quarter. 65.30% of the stock is owned by institutional investors.
The Coca-Cola Co (NYSE KO) opened at $46.88 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The firm has a market cap of $199,740.00, a PE ratio of 44.65, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70. The Coca-Cola Co has a fifty-two week low of $40.22 and a fifty-two week high of $47.48.
The Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The Coca-Cola’s revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. equities research analysts predict that The Coca-Cola Co will post 1.91 earnings per share for the current fiscal year.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s 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 directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the transaction, the chief financial officer now owns 123,796 shares in the company, valued at $5,713,185.40. The disclosure for this sale can be found here. Insiders own 1.51% of the company’s stock.
KO has been the topic of a number of recent research reports. boosted their price target on shares of The Coca-Cola from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Cowen restated a “hold” rating and set a $42.00 price target on shares of The Coca-Cola in a research report on Thursday, September 28th. Bank of America restated a “buy” rating and set a $52.00 price target (up from $50.00) on shares of The Coca-Cola in a research report on Monday, October 9th. Vetr lowered shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $45.35 price target on the stock. in a research report on Monday, October 9th. Finally, Jefferies Group set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, October 13th. 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’s stock. The Coca-Cola has a consensus rating of “Hold” and a consensus price target of $49.01.
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The Coca-Cola Company 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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