Coca-Cola Company (The) (KO) Position Raised by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,607 shares of the company’s stock after purchasing an additional 115 shares during the period. Parkside Financial Bank & Trust’s holdings in Coca-Cola Company (The) were worth $790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KO. Signature Estate & Investment Advisors LLC grew its stake in 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 worth $116,000 after purchasing an additional 129 shares during the period. Meeder Asset Management Inc. boosted its holdings in 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 worth $124,000 after acquiring an additional 1,026 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in 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 worth $141,000 after acquiring an additional 264 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in 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 worth $143,000 after acquiring an additional 572 shares in the last quarter. Finally, Welch Investments LLC boosted its holdings in Coca-Cola Company (The) by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after acquiring an additional 733 shares in the last quarter. 64.62% of the stock is owned by institutional investors and hedge funds.

Shares of Coca-Cola Company (NYSE KO) opened at 46.10 on Thursday. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The company has a market capitalization of $196.63 billion, a price-to-earnings ratio of 48.68 and a beta of 0.70. The company’s 50-day moving average price is $45.70 and its 200-day moving average price is $44.79.

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

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.21%. Coca-Cola Company (The)’s payout ratio is 154.17%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/10/12/coca-cola-company-the-ko-position-raised-by-parkside-financial-bank-trust.html.

In other news, insider Francisco Crespo sold 7,700 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $46.01, for a total transaction of $354,277.00. Following the transaction, the insider now directly owns 29,943 shares of the company’s stock, valued at approximately $1,377,677.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian John Smith sold 100,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total value of $4,610,000.00. Following the transaction, the insider now directly owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders have sold a total of 366,835 shares of company stock worth $16,874,246 over the last three months. Insiders own 1.51% of the company’s stock.

Several research analysts have issued reports on the company. BidaskClub lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Cowen and Company reiterated a “hold” rating and issued a $42.00 price target on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Finally, Deutsche Bank AG reiterated 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. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.39.

About Coca-Cola Company (The)

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