Coca-Cola Company (The) (KO) Shares Sold by Southeast Asset Advisors Inc.

Southeast Asset Advisors Inc. decreased its position in shares of Coca-Cola Company (The) (NYSE:KO) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,829 shares of the company’s stock after selling 3,594 shares during the period. Coca-Cola Company (The) makes up approximately 1.6% of Southeast Asset Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. Southeast Asset Advisors Inc.’s holdings in Coca-Cola Company (The) were worth $5,213,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Portfolio Solutions LLC purchased a new position in shares of Coca-Cola Company (The) during the first quarter valued at about $108,000. Signature Estate & Investment Advisors LLC grew its position in shares of Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Coca-Cola Company (The) by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares in the last quarter. Welch Investments LLC grew its position in shares of Coca-Cola Company (The) by 26.5% during the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after purchasing an additional 733 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in shares of Coca-Cola Company (The) during the first quarter valued at about $150,000. Hedge funds and other institutional investors own 64.68% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Coca-Cola Company (The) (KO) Shares Sold by Southeast Asset Advisors Inc.” was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/09/10/coca-cola-company-the-ko-shares-sold-by-southeast-asset-advisors-inc.html.

KO has been the subject of a number of analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 price target (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, July 28th. BMO Capital Markets lowered their price target on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company in a report on Monday, July 31st. Vetr downgraded shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating and set a $44.58 price target for the company. in a report on Monday, June 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. Coca-Cola Company (The) currently has a consensus rating of “Hold” and an average target price of $45.79.

In other Coca-Cola Company (The) news, insider Mark Randazza sold 24,156 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the sale, the insider now directly owns 26,567 shares in the company, valued at approximately $1,222,347.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the sale, the insider now owns 118,000 shares in the company, valued at $5,333,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 396,117 shares of company stock worth $18,197,793. Company insiders own 1.51% of the company’s stock.

Shares of Coca-Cola Company (NYSE:KO) traded up 0.04% during trading on Friday, hitting $46.30. 10,534,915 shares of the stock were exchanged. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.43. The stock’s 50 day moving average price is $45.69 and its 200-day moving average price is $44.17. The company has a market cap of $197.48 billion, a price-to-earnings ratio of 48.89 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, analysts predict that Coca-Cola Company will post $1.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.

Coca-Cola Company (The) Company 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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Company (The) (NYSE:KO).

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

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply