SG Americas Securities LLC decreased its holdings in The Coca-Cola Co (NYSE:KO) by 69.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,300 shares of the company’s stock after selling 399,799 shares during the quarter. SG Americas Securities LLC’s holdings in The Coca-Cola were worth $8,070,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of KO. Meeder Asset Management Inc. raised its position 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 acquiring an additional 1,026 shares during the last quarter. Veritas Investment Management LLP bought a new stake in shares of The Coca-Cola during the third quarter worth $135,000. Eagle Ridge Investment Management bought a new stake in shares of The Coca-Cola during the second quarter worth $138,000. Legacy Advisors LLC bought a new stake in shares of The Coca-Cola during the third quarter worth $139,000. Finally, Almanack Investment Partners LLC. bought a new stake in shares of The Coca-Cola during the second quarter worth $142,000. Hedge funds and other institutional investors own 65.30% of the company’s stock.
In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by insiders.
The Coca-Cola Co (KO) opened at $47.16 on Friday. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $47.48. 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 stock has a market capitalization of $199,740.08, a PE ratio of 44.91, a price-to-earnings-growth ratio of 3.76 and a beta of 0.70.
The Coca-Cola (NYSE:KO) last posted its 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 Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was down 14.6% on a year-over-year basis. equities research analysts predict that The Coca-Cola Co will post 1.91 EPS for the current year.
KO has been the subject of a number of recent research reports. Royal Bank of Canada set a $49.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research report on Sunday, November 12th. Goldman Sachs Group set a $45.00 target price on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Evercore ISI upgraded The Coca-Cola from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $46.04 to $55.00 in a report on Friday, January 12th. Jefferies Group set a $47.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Zacks Investment Research downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average 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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