The Coca-Cola Co (KO) Shares Sold by Montag & Caldwell LLC

Montag & Caldwell LLC lowered its stake in The Coca-Cola Co (NYSE:KO) by 42.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,450 shares of the company’s stock after selling 9,000 shares during the quarter. Montag & Caldwell LLC’s holdings in The Coca-Cola were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in The Coca-Cola by 8.7% during the 1st quarter. Principal Financial Group Inc. now owns 8,128,273 shares of the company’s stock valued at $353,011,000 after acquiring an additional 648,091 shares in the last quarter. IFM Investors Pty Ltd boosted its position in The Coca-Cola by 45.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 183,428 shares of the company’s stock valued at $8,045,000 after acquiring an additional 57,413 shares in the last quarter. Empirical Finance LLC boosted its position in The Coca-Cola by 41.6% during the 2nd quarter. Empirical Finance LLC now owns 6,752 shares of the company’s stock valued at $296,000 after acquiring an additional 1,983 shares in the last quarter. Cullinan Associates Inc. boosted its position in The Coca-Cola by 1.2% during the 2nd quarter. Cullinan Associates Inc. now owns 1,227,673 shares of the company’s stock valued at $53,846,000 after acquiring an additional 14,900 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in The Coca-Cola by 1.7% during the 2nd quarter. Fisher Asset Management LLC now owns 558,855 shares of the company’s stock valued at $24,511,000 after acquiring an additional 9,586 shares in the last quarter. 65.45% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on KO shares. Barclays reaffirmed a “buy” rating and set a $50.00 price objective on shares of The Coca-Cola in a research report on Friday, October 5th. Zacks Investment Research cut The Coca-Cola from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. JPMorgan Chase & Co. reaffirmed a “$45.12” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Wednesday, July 18th. HSBC reaffirmed a “buy” rating and set a $64.00 price objective on shares of The Coca-Cola in a research report on Wednesday, October 31st. Finally, Jefferies Financial Group set a $48.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.22.

In related news, insider Brian John Smith sold 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $48.00, for a total value of $2,064,000.00. Following the transaction, the insider now directly owns 123,908 shares of the company’s stock, valued at approximately $5,947,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 92,645 shares in the company, valued at $4,445,107.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,754 shares of company stock worth $2,954,800. Insiders own 1.48% of the company’s stock.

Shares of KO opened at $48.69 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $48.78. The company has a market capitalization of $204.76 billion, a PE ratio of 25.49, a P/E/G ratio of 3.14 and a beta of 0.60.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The firm had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same period in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, analysts forecast that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.20%. The Coca-Cola’s dividend payout ratio is currently 81.68%.

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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 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.

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

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