JNBA Financial Advisors Has $284,000 Holdings in The Coca-Cola Co (KO)

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.

COPYRIGHT VIOLATION WARNING: “JNBA Financial Advisors Has $284,000 Holdings in The Coca-Cola Co (KO)” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/11/06/jnba-financial-advisors-has-284000-holdings-in-the-coca-cola-co-ko.html.

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 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.

Read More: Understanding the different types of bonds

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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.


Leave a Reply