JNBA Financial Advisors cut its holdings in The Coca-Cola Co (NYSE:KO) by 66.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,152 shares of the company’s stock after selling 12,007 shares during the quarter. JNBA Financial Advisors’ holdings in The Coca-Cola were worth $284,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. C WorldWide Group Holding A S lifted its stake in shares of The Coca-Cola by 873.0% in the second quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock worth $334,692,000 after buying an additional 6,846,641 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of The Coca-Cola in the second quarter worth $206,654,000. Natixis lifted its stake in shares of The Coca-Cola by 218.3% in the second quarter. Natixis now owns 4,080,146 shares of the company’s stock worth $178,955,000 after buying an additional 2,798,257 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of The Coca-Cola by 47.4% in the third quarter. Bank of Montreal Can now owns 5,934,198 shares of the company’s stock worth $274,099,000 after buying an additional 1,907,604 shares during the last quarter. Finally, Unigestion Holding SA acquired a new stake in shares of The Coca-Cola in the second quarter worth $78,078,000. Hedge funds and other institutional investors own 65.45% of the company’s stock.
KO has been the subject of a number of analyst reports. Barclays restated a “buy” rating and issued a $50.00 price objective on shares of The Coca-Cola in a research note on Friday, October 5th. Zacks Investment Research cut shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. JPMorgan Chase & Co. restated a “$45.12” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research note on Wednesday, July 18th. HSBC restated a “buy” rating and issued a $64.00 price objective on shares of The Coca-Cola in a research note on Wednesday, October 31st. Finally, Jefferies Financial Group set a $48.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, September 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The Coca-Cola has an average rating of “Hold” and an average target price of $51.22.
Shares of KO stock opened at $48.69 on Tuesday. The Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $48.78. The firm has a market cap of $204.76 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.14 and a beta of 0.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. Analysts predict that The Coca-Cola Co will post 2.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
In other The Coca-Cola news, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total value of $479,800.00. Following the sale, the senior vice president now owns 92,645 shares of the company’s stock, valued at approximately $4,445,107.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James L. Dinkins sold 8,754 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. Following the completion of the sale, the senior vice president now directly owns 28,354 shares in the company, valued at approximately $1,331,220.30. The disclosure for this sale can be found here. Insiders sold a total of 61,754 shares of company stock worth $2,954,800 in the last three months. Insiders own 1.48% of the company’s stock.
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The Coca-Cola Company 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 plantbased 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.
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