Moody Lynn & Lieberson LLC lifted its holdings in The Coca-Cola Company (NYSE:KO) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,323 shares of the company’s stock after buying an additional 8,496 shares during the period. Moody Lynn & Lieberson LLC’s holdings in The Coca-Cola were worth $2,481,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Aperio Group LLC boosted its position in The Coca-Cola by 5.6% during the fourth quarter. Aperio Group LLC now owns 2,200,776 shares of the company’s stock valued at $100,972,000 after purchasing an additional 117,588 shares during the last quarter. Telemus Capital LLC boosted its position in The Coca-Cola by 175.9% during the fourth quarter. Telemus Capital LLC now owns 52,370 shares of the company’s stock valued at $2,402,000 after purchasing an additional 33,389 shares during the last quarter. Cedar Capital LLC boosted its position in The Coca-Cola by 20.7% during the fourth quarter. Cedar Capital LLC now owns 10,389 shares of the company’s stock valued at $477,000 after purchasing an additional 1,784 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in The Coca-Cola by 17.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,062 shares of the company’s stock valued at $462,000 after purchasing an additional 1,510 shares during the last quarter. Finally, Welch Group LLC boosted its position in The Coca-Cola by 6.5% during the fourth quarter. Welch Group LLC now owns 84,183 shares of the company’s stock valued at $3,862,000 after purchasing an additional 5,171 shares during the last quarter. 66.15% of the stock is owned by institutional investors and hedge funds.
In related 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 transaction of $1,072,526.00. Following the transaction, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ed Hays sold 84,400 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. Insiders have sold 124,523 shares of company stock worth $5,885,511 over the last 90 days. Corporate insiders own 1.48% of the company’s stock.
Shares of The Coca-Cola stock traded down $0.48 during trading on Friday, reaching $43.92. The company’s stock had a trading volume of 11,495,075 shares, compared to its average volume of 12,834,890. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34. The firm has a market capitalization of $187,358.58, a PE ratio of 22.99, a PEG ratio of 2.55 and a beta of 0.72. The Coca-Cola Company has a one year low of $42.19 and a one year high of $48.62.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. research analysts forecast that The Coca-Cola Company will post 2.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were paid a $0.39 dividend. The ex-dividend date was Wednesday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.55%. The Coca-Cola’s payout ratio is presently 81.68%.
A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating and set a $48.00 price objective (up previously from $47.00) on shares of The Coca-Cola in a research report on Friday, February 16th. Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, December 20th. Jefferies Group reissued a “neutral” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Tuesday, February 20th. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective for the company in a research report on Monday, December 11th. Finally, Goldman Sachs set a $49.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.21.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/04/09/moody-lynn-lieberson-llc-has-2-48-million-position-in-the-coca-cola-co-ko.html.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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.