Kistler Tiffany Companies LLC Buys 985 Shares of The Coca-Cola Co (NYSE:KO)

Kistler Tiffany Companies LLC grew its stake in shares of The Coca-Cola Co (NYSE:KO) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,533 shares of the company’s stock after purchasing an additional 985 shares during the period. Kistler Tiffany Companies LLC’s holdings in The Coca-Cola were worth $1,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in shares of The Coca-Cola during the 2nd quarter valued at about $25,000. LFA Lugano Financial Advisors SA lifted its position in The Coca-Cola by 348.8% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after acquiring an additional 429 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in The Coca-Cola during the 2nd quarter valued at about $36,000. Prime Capital Investment Advisors LLC lifted its position in The Coca-Cola by 49.6% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock valued at $46,000 after acquiring an additional 300 shares during the period. Finally, Canton Hathaway LLC lifted its position in The Coca-Cola by 83.5% during the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after acquiring an additional 430 shares during the period. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Beatriz R. Perez sold 14,000 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $53.40, for a total value of $747,600.00. Following the completion of the sale, the senior vice president now directly owns 108,457 shares in the company, valued at $5,791,603.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lisa Chang purchased 500 shares of The Coca-Cola stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $53.24 per share, with a total value of $26,620.00. Following the completion of the purchase, the senior vice president now directly owns 5,448 shares of the company’s stock, valued at $290,051.52. The disclosure for this purchase can be found here. Insiders sold 429,638 shares of company stock valued at $23,411,372 over the last ninety days. Corporate insiders own 1.33% of the company’s stock.

A number of research analysts recently issued reports on KO shares. SunTrust Banks lifted their price target on shares of The Coca-Cola to $60.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Deutsche Bank lifted 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. Bank of America reissued a “buy” rating and set a $60.00 price target (up from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. Morgan Stanley set a $60.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, ValuEngine cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.26.

Shares of The Coca-Cola stock opened at $54.78 on Friday. 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 stock has a market capitalization of $230.01 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.74 and a beta of 0.45. The Coca-Cola Co has a 52-week low of $44.42 and a 52-week high of $55.92. The company has a 50-day simple moving average of $54.29 and a two-hundred day simple moving average of $51.51.

The Coca-Cola (NYSE:KO) last issued its earnings results on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.42 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. As a group, equities research analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The Coca-Cola 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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