Profund Advisors LLC Has $4.12 Million Position in The Coca-Cola Co (NYSE:KO)

Profund Advisors LLC grew its holdings in shares of The Coca-Cola Co (NYSE:KO) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,975 shares of the company’s stock after acquiring an additional 7,493 shares during the period. Profund Advisors LLC’s holdings in The Coca-Cola were worth $4,123,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. FCA Corp TX bought a new position in The Coca-Cola in the 2nd quarter valued at about $211,000. Davy Asset Management Ltd bought a new position in The Coca-Cola in the 2nd quarter valued at about $891,000. Curbstone Financial Management Corp lifted its position in The Coca-Cola by 6.0% in the 2nd quarter. Curbstone Financial Management Corp now owns 20,550 shares of the company’s stock valued at $1,046,000 after acquiring an additional 1,170 shares in the last quarter. Marathon Capital Management lifted its position in The Coca-Cola by 7.0% in the 2nd quarter. Marathon Capital Management now owns 10,851 shares of the company’s stock valued at $552,000 after acquiring an additional 712 shares in the last quarter. Finally, Boston Advisors LLC lifted its position in The Coca-Cola by 257.9% in the 2nd quarter. Boston Advisors LLC now owns 112,785 shares of the company’s stock valued at $5,743,000 after acquiring an additional 81,271 shares in the last quarter. Hedge funds and other institutional investors own 67.59% of the company’s stock.

In other news, COO Brian John Smith sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $54.87, for a total transaction of $3,292,200.00. Following the completion of the sale, the chief operating officer now owns 174,302 shares in the company, valued at approximately $9,563,950.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total transaction of $747,600.00. Following the sale, the senior vice president now owns 108,457 shares of the company’s stock, valued at approximately $5,791,603.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 299,001 shares of company stock valued at $16,206,741. 1.33% of the stock is currently owned by company insiders.

KO has been the topic of several recent research reports. Deutsche Bank raised their price target on shares of The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Credit Suisse Group raised their price target on shares of The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, June 4th. BMO Capital Markets lifted their target price on shares of The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Finally, Barclays set a $54.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday, May 16th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The Coca-Cola presently has a consensus rating of “Buy” and an average target price of $54.10.

Shares of The Coca-Cola stock traded down $0.93 during mid-day trading on Friday, hitting $54.18. 397,664 shares of the stock were exchanged, compared to its average volume of 10,778,863. The Coca-Cola Co has a 12 month low of $44.25 and a 12 month high of $55.92. The company has a 50-day simple moving average of $54.00 and a 200 day simple moving average of $50.00. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83. The company has a market capitalization of $232.62 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.78 and a beta of 0.44.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.86 billion. During the same quarter last year, the business posted $0.61 EPS. The Coca-Cola’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts predict that The Coca-Cola Co will post 2.1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.60 annualized dividend and a dividend yield of 2.95%. The Coca-Cola’s payout ratio is currently 76.92%.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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.

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

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