The Coca-Cola Co (KO) Holdings Raised by Adviser Investments LLC

Adviser Investments LLC boosted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 125.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,935 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Adviser Investments LLC’s holdings in The Coca-Cola were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its stake in shares of The Coca-Cola by 1.9% in the first quarter. BlackRock Inc. now owns 246,505,322 shares of the company’s stock valued at $10,705,725,000 after buying an additional 4,526,566 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of The Coca-Cola by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 38,150,109 shares of the company’s stock valued at $1,746,387,000 after buying an additional 1,170,700 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of The Coca-Cola by 1.3% in the first quarter. Suntrust Banks Inc. now owns 20,136,587 shares of the company’s stock valued at $874,530,000 after buying an additional 265,918 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of The Coca-Cola by 11.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 17,857,938 shares of the company’s stock valued at $819,322,000 after buying an additional 1,869,038 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of The Coca-Cola by 3.5% in the fourth quarter. Clearbridge Investments LLC now owns 16,303,313 shares of the company’s stock valued at $747,996,000 after buying an additional 553,669 shares in the last quarter. 65.64% of the stock is owned by institutional investors.

KO has been the subject of a number of research reports. Royal Bank of Canada set a $56.00 price objective on The Coca-Cola and gave the company a “buy” rating in a research note on Wednesday, July 25th. Goldman Sachs Group raised The Coca-Cola from a “sell” rating to a “neutral” rating and set a $46.00 price objective for the company in a research note on Tuesday, April 17th. Zacks Investment Research cut The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $44.00 price objective on shares of The Coca-Cola in a research note on Friday, May 25th. Finally, SunTrust Banks lifted their price objective on The Coca-Cola to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus target price of $49.75.

KO opened at $45.83 on Tuesday. The Coca-Cola Co has a 12 month low of $41.45 and a 12 month high of $48.62. The firm has a market cap of $196.57 billion, a P/E ratio of 23.97, a P/E/G ratio of 2.84 and a beta of 0.79. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 1.39.

The Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, July 25th. The company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the previous year, the firm posted $0.59 EPS. The Coca-Cola’s revenue for the quarter was down 8.3% on a year-over-year basis. research analysts forecast that The Coca-Cola Co will post 2.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.56 annualized dividend and a yield of 3.40%. The Coca-Cola’s payout ratio is 81.68%.

In other The Coca-Cola news, VP Kathy N. Waller sold 48,354 shares of The Coca-Cola stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the completion of the sale, the vice president now directly owns 200,725 shares of the company’s stock, valued at approximately $9,323,676.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Murphy sold 56,000 shares of The Coca-Cola stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $46.48, for a total value of $2,602,880.00. Following the sale, the insider now directly owns 140,869 shares of the company’s stock, valued at $6,547,591.12. The disclosure for this sale can be found here. Insiders have sold a total of 215,822 shares of company stock valued at $10,027,727 over the last three months. 1.48% of the stock is currently owned by insiders.

About The Coca-Cola

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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