The Coca-Cola Co (KO) is Accurate Investment Solutions Inc.’s 9th Largest Position

Accurate Investment Solutions Inc. trimmed its position in The Coca-Cola Co (NYSE:KO) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 85,173 shares of the company’s stock after selling 486 shares during the period. The Coca-Cola comprises approximately 3.7% of Accurate Investment Solutions Inc.’s portfolio, making the stock its 9th largest holding. Accurate Investment Solutions Inc.’s holdings in The Coca-Cola were worth $4,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. IMS Capital Management bought a new position in shares of The Coca-Cola during the 3rd quarter valued at about $73,000. Westbourne Investment Advisors Inc. bought a new position in shares of The Coca-Cola during the 3rd quarter valued at about $117,000. Fort L.P. bought a new position in shares of The Coca-Cola during the 2nd quarter valued at about $122,000. Sageworth Trust Co lifted its holdings in shares of The Coca-Cola by 69.5% during the 3rd quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock valued at $135,000 after purchasing an additional 1,200 shares in the last quarter. Finally, BDO Wealth Advisors LLC lifted its holdings in shares of The Coca-Cola by 104.9% during the 2nd quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock valued at $139,000 after purchasing an additional 1,619 shares in the last quarter. Hedge funds and other institutional investors own 65.53% of the company’s stock.

Shares of KO stock traded up $0.12 during trading on Friday, reaching $47.19. 524,080 shares of the company’s stock were exchanged, compared to its average volume of 14,205,646. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $198.66 billion, a PE ratio of 24.78, a PEG ratio of 2.85 and a beta of 0.62. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $50.84.

The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.20 billion. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. As a group, sell-side analysts predict that The Coca-Cola Co will post 2.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Thursday, November 29th. The Coca-Cola’s payout ratio is presently 81.68%.

In other The Coca-Cola news, VP Kathy N. Waller sold 88,400 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $50.00, for a total value of $4,420,000.00. Following the transaction, the vice president now directly owns 256,421 shares of the company’s stock, valued at approximately $12,821,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer K. Mann sold 15,100 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $50.40, for a total value of $761,040.00. Following the completion of the transaction, the insider now directly owns 40,058 shares in the company, valued at $2,018,923.20. The disclosure for this sale can be found here. Insiders have sold a total of 374,542 shares of company stock worth $18,436,957 over the last three months. 1.48% of the stock is owned by insiders.

Several research firms have commented on KO. Bank of America restated a “buy” rating and issued a $52.00 target price on shares of The Coca-Cola in a research note on Tuesday, October 30th. Zacks Investment Research cut The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday. Macquarie set a $50.00 target price on The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, November 8th. Guggenheim began coverage on The Coca-Cola in a research note on Thursday, September 13th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Royal Bank of Canada restated a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 17th. Fourteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and an average price target of $51.78.

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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.

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

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