Reik & CO. LLC Has $3,893,000 Position in Coca-Cola Company (The) (KO)

Reik & CO. LLC held its stake in shares of Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,790 shares of the company’s stock at the end of the second quarter. Coca-Cola Company (The) makes up about 1.3% of Reik & CO. LLC’s investment portfolio, making the stock its 13th largest position. Reik & CO. LLC’s holdings in Coca-Cola Company (The) were worth $3,893,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cambridge Advisors Inc. grew its stake in Coca-Cola Company (The) by 0.3% during the 2nd quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock worth $365,000 after buying an additional 26 shares during the last quarter. Alpha Windward LLC grew its stake in Coca-Cola Company (The) by 0.4% during the 2nd quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock worth $345,000 after buying an additional 34 shares during the last quarter. Lyell Wealth Management LP grew its stake in Coca-Cola Company (The) by 0.6% during the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock worth $359,000 after buying an additional 50 shares during the last quarter. Regentatlantic Capital LLC grew its stake in Coca-Cola Company (The) by 0.4% during the 2nd quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock worth $710,000 after buying an additional 64 shares during the last quarter. Finally, Vigilant Capital Management LLC grew its stake in Coca-Cola Company (The) by 1.9% during the 2nd quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock worth $161,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 64.61% of the company’s stock.

Several brokerages recently weighed in on KO. Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Friday, October 13th. Bank of America Corporation restated a “buy” rating and set a $52.00 target price (up from $50.00) on shares of Coca-Cola Company (The) in a research note on Monday, October 9th. Vetr downgraded Coca-Cola Company (The) from a “strong-buy” rating to a “hold” rating and set a $45.35 target price on the stock. in a research note on Monday, October 9th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Monday. Finally, Citigroup Inc. set a $53.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. Coca-Cola Company (The) has a consensus rating of “Hold” and an average target price of $46.43.

Coca-Cola Company (NYSE:KO) opened at 46.52 on Wednesday. The firm has a market cap of $198.42 billion, a PE ratio of 49.12 and a beta of 0.70. The company has a 50-day moving average price of $45.74 and a 200-day moving average price of $44.86. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 8,952 shares of Coca-Cola Company (The) stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $45.77, for a total value of $409,733.04. Following the sale, the vice president now owns 109,508 shares of the company’s stock, valued at approximately $5,012,181.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Francisco Crespo sold 7,700 shares of Coca-Cola Company (The) stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $46.01, for a total value of $354,277.00. Following the completion of the sale, the insider now directly owns 29,943 shares in the company, valued at approximately $1,377,677.43. The disclosure for this sale can be found here. Insiders sold a total of 366,835 shares of company stock worth $16,874,246 in the last ninety days. 1.51% of the stock is owned by corporate insiders.

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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