Daiwa Securities Group Inc. Has $7.14 Million Stake in The Coca-Cola Co (KO)

Daiwa Securities Group Inc. lowered its stake in The Coca-Cola Co (NYSE:KO) by 14.0% during the third quarter, HoldingsChannel.com reports. The firm owned 158,688 shares of the company’s stock after selling 25,772 shares during the period. Daiwa Securities Group Inc.’s holdings in The Coca-Cola were worth $7,143,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Swiss National Bank raised its stake in The Coca-Cola by 3.0% during the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock worth $735,069,000 after buying an additional 470,700 shares during the period. Summit Financial Group Inc. acquired a new stake in The Coca-Cola during the 2nd quarter worth $2,779,000. Global X Management Co. LLC raised its stake in The Coca-Cola by 6.0% during the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after buying an additional 12,513 shares during the period. Amalgamated Bank raised its stake in The Coca-Cola by 54.8% during the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock worth $20,118,000 after buying an additional 158,741 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. raised its stake in The Coca-Cola by 5.6% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 139,135 shares of the company’s stock worth $5,905,000 after buying an additional 7,418 shares during the period. 65.30% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. Goldman Sachs Group set a $45.00 price objective on The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola and gave the stock a “hold” rating in a research note on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a research note on Monday, December 11th. Finally, Morgan Stanley set a $48.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $48.59.

The Coca-Cola Co (NYSE:KO) opened at $46.23 on Wednesday. The stock has a market capitalization of $196,970.00, a PE ratio of 44.03, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The Coca-Cola Co has a 1-year low of $40.22 and a 1-year high of $47.48.

The Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The company’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. equities analysts forecast that The Coca-Cola Co will post 1.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, November 30th. The Coca-Cola’s payout ratio is 140.95%.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s 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 transaction, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.51% of the stock is owned by company insiders.

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About The Coca-Cola

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.

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

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