Advisors Asset Management Inc. raised its stake in shares of The Coca-Cola Co (NYSE:KO) by 9.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 934,271 shares of the company’s stock after buying an additional 77,808 shares during the quarter. The Coca-Cola comprises about 0.7% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. Advisors Asset Management Inc.’s holdings in The Coca-Cola were worth $42,052,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in KO. Janus Henderson Group PLC boosted its holdings in shares of The Coca-Cola by 1,117.2% during the second 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 during the last quarter. Capital World Investors boosted its holdings in shares of The Coca-Cola by 8.9% during the second 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 during the last quarter. Troy Asset Management Ltd acquired a new stake in shares of The Coca-Cola during the third quarter worth $260,266,000. Vanguard Group Inc. boosted its holdings in shares of The Coca-Cola by 1.8% during the second 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 during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of The Coca-Cola by 69.6% during the third quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock worth $405,847,000 after purchasing an additional 3,700,700 shares during the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.
The Coca-Cola Co (KO) opened at $47.16 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola Co has a 52-week low of $40.22 and a 52-week high of $47.48. The company has a market capitalization of $200,930.00, a PE ratio of 44.91, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period last year, the company posted $0.49 earnings per share. The firm’s revenue was down 14.6% compared to the same quarter last year. equities research analysts anticipate that The Coca-Cola Co will post 1.91 EPS for the current fiscal year.
KO has been the topic of several research reports. increased their target price on 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 reaffirmed a “hold” rating and issued a $42.00 target price on shares of The Coca-Cola in a research report on Thursday, September 28th. Bank of America reaffirmed a “buy” rating and issued a $52.00 target price (up from $50.00) on shares of The Coca-Cola in a research report on Monday, October 9th. Vetr lowered The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $45.35 target price on the stock. in a research report on Monday, October 9th. Finally, Jefferies Group set a $47.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The Coca-Cola has an average rating of “Hold” and a consensus target price of $49.01.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the sale, the chief financial officer now owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.
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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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