The Coca-Cola Co (NYSE:KO) Shares Sold by L & S Advisors Inc

L & S Advisors Inc reduced its holdings in shares of The Coca-Cola Co (NYSE:KO) by 41.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,453 shares of the company’s stock after selling 26,741 shares during the period. L & S Advisors Inc’s holdings in The Coca-Cola were worth $2,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Executive Wealth Management LLC raised its holdings in shares of The Coca-Cola by 11.9% during the third quarter. Executive Wealth Management LLC now owns 1,843 shares of the company’s stock valued at $100,000 after buying an additional 196 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of The Coca-Cola by 7.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 263,524 shares of the company’s stock valued at $14,346,000 after buying an additional 18,611 shares during the last quarter. Putnam FL Investment Management Co. raised its holdings in shares of The Coca-Cola by 64.5% during the third quarter. Putnam FL Investment Management Co. now owns 30,497 shares of the company’s stock valued at $1,660,000 after buying an additional 11,962 shares during the last quarter. Dean Capital Investments Management LLC raised its holdings in shares of The Coca-Cola by 48.2% during the third quarter. Dean Capital Investments Management LLC now owns 6,354 shares of the company’s stock valued at $346,000 after buying an additional 2,066 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its holdings in shares of The Coca-Cola by 14.1% during the third quarter. Eqis Capital Management Inc. now owns 15,543 shares of the company’s stock valued at $846,000 after buying an additional 1,921 shares during the last quarter. 69.19% of the stock is currently owned by institutional investors.

KO has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of The Coca-Cola from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group raised their price objective on shares of The Coca-Cola from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada raised their price objective on shares of The Coca-Cola from $60.00 to $66.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Credit Suisse Group upgraded shares of The Coca-Cola from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $54.00 to $64.00 in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. set a $60.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $61.12.

In other The Coca-Cola news, CEO James Quincey sold 66,673 shares of The Coca-Cola stock in a transaction on Monday, February 24th. The shares were sold at an average price of $59.08, for a total transaction of $3,939,040.84. Following the completion of the sale, the chief executive officer now owns 467,407 shares of the company’s stock, valued at approximately $27,614,405.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Larry M. Mark sold 90,289 shares of The Coca-Cola stock in a transaction on Friday, December 20th. The shares were sold at an average price of $54.93, for a total transaction of $4,959,574.77. Following the sale, the vice president now directly owns 93,474 shares of the company’s stock, valued at approximately $5,134,526.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 257,316 shares of company stock worth $14,579,640. Corporate insiders own 1.01% of the company’s stock.

NYSE KO opened at $52.21 on Thursday. The Coca-Cola Co has a twelve month low of $45.14 and a twelve month high of $60.13. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.76. The stock has a market cap of $230.22 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 3.30 and a beta of 0.46. The firm’s 50 day moving average price is $57.80 and its two-hundred day moving average price is $55.13.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The Coca-Cola had a net margin of 24.38% and a return on equity of 44.39%. The firm had revenue of $9.10 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the previous year, the company posted $0.43 EPS. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, research analysts forecast that The Coca-Cola Co will post 2.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.14%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, March 13th. The Coca-Cola’s payout ratio is presently 75.83%.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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.

Further Reading: What is a death cross?

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.