Alpha Omega Wealth Management LLC Sells 562 Shares of Coca-Cola Company (The) (KO)

Alpha Omega Wealth Management LLC reduced its stake in Coca-Cola Company (The) (NYSE:KO) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,702 shares of the company’s stock after selling 562 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Coca-Cola Company (The) were worth $256,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KO. Signature Estate & Investment Advisors LLC lifted its position in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after acquiring an additional 129 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after acquiring an additional 1,026 shares in the last quarter. Eagle Ridge Investment Management purchased a new stake in shares of Coca-Cola Company (The) in the second quarter valued at $138,000. SRS Capital Advisors Inc. lifted its position in shares of Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after acquiring an additional 264 shares in the last quarter. Finally, Perkins Coie Trust Co lifted its position in shares of Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after acquiring an additional 572 shares in the last quarter. Institutional investors and hedge funds own 65.09% of the company’s stock.

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KO has been the topic of several recent research reports. Vetr upgraded Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada set a $49.00 price objective on Coca-Cola Company (The) and gave the company a “buy” rating in a research report on Sunday, November 12th. Goldman Sachs Group, Inc. (The) set a $45.00 price objective on Coca-Cola Company (The) and gave the company a “sell” rating in a research report on Wednesday, November 15th. UBS AG upped their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC set a $47.00 price objective on Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus price target of $47.71.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.51% of the stock is currently owned by company insiders.

Shares of Coca-Cola Company (NYSE:KO) opened at $45.78 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $47.48. The stock has a market capitalization of $193,689.92, a PE ratio of 24.05, a PEG ratio of 3.85 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The business had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. analysts expect that Coca-Cola Company will post 1.9 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 140.95%.

Coca-Cola Company (The) Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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