EagleClaw Capital Managment LLC Raises Holdings in The Coca-Cola Co (NYSE:KO)

EagleClaw Capital Managment LLC boosted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,204 shares of the company’s stock after buying an additional 1,375 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in The Coca-Cola were worth $883,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KO. OLD National Bancorp IN grew its holdings in The Coca-Cola by 1.1% in the third quarter. OLD National Bancorp IN now owns 119,293 shares of the company’s stock worth $6,494,000 after purchasing an additional 1,287 shares during the last quarter. Investors Research Corp grew its holdings in The Coca-Cola by 3.8% in the third quarter. Investors Research Corp now owns 5,524 shares of the company’s stock worth $301,000 after purchasing an additional 200 shares during the last quarter. World Asset Management Inc grew its holdings in The Coca-Cola by 0.7% in the third quarter. World Asset Management Inc now owns 279,955 shares of the company’s stock worth $15,241,000 after purchasing an additional 1,984 shares during the last quarter. Moors & Cabot Inc. grew its holdings in The Coca-Cola by 2.4% in the third quarter. Moors & Cabot Inc. now owns 118,595 shares of the company’s stock worth $6,453,000 after purchasing an additional 2,830 shares during the last quarter. Finally, Factory Mutual Insurance Co. grew its holdings in The Coca-Cola by 0.7% in the third quarter. Factory Mutual Insurance Co. now owns 1,428,700 shares of the company’s stock worth $77,778,000 after purchasing an additional 10,300 shares during the last quarter. 67.51% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of The Coca-Cola from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday. HSBC reaffirmed a “neutral” rating and issued a $52.00 price target on shares of The Coca-Cola in a report on Wednesday, July 24th. Credit Suisse Group lifted their price target on shares of The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Bank of America reaffirmed a “buy” rating and issued a $60.00 price target (up from $55.00) on shares of The Coca-Cola in a report on Wednesday, July 24th. Finally, ValuEngine lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.65.

In other The Coca-Cola news, SVP Lisa Chang bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the transaction, the senior vice president now directly owns 5,448 shares of the company’s stock, valued at approximately $290,051.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikolaos Koumettis sold 146,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the transaction, the insider now owns 244,451 shares of the company’s stock, valued at $13,276,133.81. The disclosure for this sale can be found here. Insiders have sold 424,901 shares of company stock worth $23,187,108 over the last three months. Corporate insiders own 1.33% of the company’s stock.

Shares of KO traded down $0.41 during trading hours on Tuesday, reaching $53.82. 343,075 shares of the company traded hands, compared to its average volume of 10,752,102. The stock has a market capitalization of $234.24 billion, a P/E ratio of 25.89, a P/E/G ratio of 3.82 and a beta of 0.45. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The Coca-Cola Co has a 12-month low of $44.42 and a 12-month high of $55.92. The business has a fifty day moving average price of $54.26 and a 200-day moving average price of $51.62.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.42 billion. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The business’s quarterly revenue 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, research analysts predict that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Friday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.

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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