Abner Herrman & Brock LLC Has $377,000 Holdings in The Coca-Cola Co (KO)

Abner Herrman & Brock LLC raised its position in shares of The Coca-Cola Co (NYSE:KO) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,960 shares of the company’s stock after purchasing an additional 988 shares during the quarter. Abner Herrman & Brock LLC’s holdings in The Coca-Cola were worth $377,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of KO. Vanguard Group Inc. raised its position in shares of The Coca-Cola by 1.4% during the third quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after buying an additional 3,918,108 shares during the last quarter. Vanguard Group Inc raised its position in shares of The Coca-Cola by 1.4% during the third quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after buying an additional 3,918,108 shares during the last quarter. Capital International Investors raised its position in shares of The Coca-Cola by 81.9% during the third quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock valued at $2,919,050,000 after buying an additional 28,445,747 shares during the last quarter. FMR LLC raised its position in shares of The Coca-Cola by 2.3% during the third quarter. FMR LLC now owns 50,012,668 shares of the company’s stock valued at $2,310,085,000 after buying an additional 1,116,190 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of The Coca-Cola by 3.6% during the second quarter. Morgan Stanley now owns 38,959,393 shares of the company’s stock valued at $1,708,760,000 after buying an additional 1,336,852 shares during the last quarter. 65.53% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on KO shares. Guggenheim started coverage on shares of The Coca-Cola in a research report on Thursday, September 13th. They set a “buy” rating and a $51.00 price objective on the stock. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, September 14th. Morgan Stanley set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Wednesday, September 26th. HSBC set a $61.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday, September 27th. Finally, Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $51.78.

In other news, VP Larry M. Mark sold 75,538 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $49.51, for a total transaction of $3,739,886.38. Following the completion of the sale, the vice president now directly owns 85,755 shares of the company’s stock, valued at $4,245,730.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kathy N. Waller sold 88,400 shares of the business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $50.00, for a total transaction of $4,420,000.00. Following the sale, the vice president now directly owns 256,421 shares of the company’s stock, valued at $12,821,050. The disclosure for this sale can be found here. Insiders have sold 374,542 shares of company stock worth $18,436,957 in the last quarter. Company insiders own 1.48% of the company’s stock.

KO stock traded down $0.01 during mid-day trading on Friday, reaching $47.06. 351,262 shares of the stock traded hands, compared to its average volume of 14,205,646. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The Coca-Cola Co has a one year low of $41.45 and a one year high of $50.84. The stock has a market capitalization of $198.66 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. As a group, equities research analysts expect that The Coca-Cola Co will post 2.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is 81.68%.

ILLEGAL ACTIVITY WARNING: This piece was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2019/01/11/abner-herrman-brock-llc-has-377000-holdings-in-the-coca-cola-co-ko.html.

The Coca-Cola Company Profile

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.

Further Reading: What are the reasons investors use put options?

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

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

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

Leave a Reply