Mcrae Capital Management Inc. Has $344,000 Position in Coca-Cola Company (The) (KO)

Mcrae Capital Management Inc. held its stake in Coca-Cola Company (The) (NYSE:KO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,677 shares of the company’s stock at the close of the 2nd quarter. Mcrae Capital Management Inc.’s holdings in Coca-Cola Company (The) were worth $344,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KO. 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 worth $116,000 after acquiring an additional 129 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Coca-Cola Company (The) by 59.4% during 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 during the last quarter. Perkins Coie Trust Co grew its position in shares of Coca-Cola Company (The) by 21.9% during 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 during 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 worth $141,000 after acquiring an additional 264 shares during the last quarter. Finally, 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 worth $148,000 after acquiring an additional 733 shares during the last quarter. 64.62% of the stock is currently owned by institutional investors.

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Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target on shares of Coca-Cola Company (The) in a research report on Friday, July 14th. Cowen and Company restated a “hold” rating and set a $42.00 price target on shares of Coca-Cola Company (The) in a research report on Thursday, August 24th. Finally, Deutsche Bank AG restated a “hold” rating and set a $46.00 price target (up previously from $44.00) on shares of Coca-Cola Company (The) 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 eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.39.

Coca-Cola Company (KO) opened at 46.10 on Thursday. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. The stock’s 50 day moving average is $45.70 and its 200 day moving average is $44.79. The company has a market cap of $196.63 billion, a price-to-earnings ratio of 48.68 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Equities research analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a dividend of $0.37 per share. The ex-dividend date 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 currently 154.17%.

In other news, insider Brian John Smith sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the transaction, the insider now directly owns 136,385 shares in the company, valued at approximately $6,287,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the transaction, the senior vice president now owns 98,718 shares of the company’s stock, valued at $4,541,028. The disclosure for this sale can be found here. Insiders have sold a total of 366,835 shares of company stock valued at $16,874,246 over the last 90 days. Corporate insiders own 1.51% of the company’s stock.

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.

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

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