Symons Capital Management Inc. Has $7.13 Million Stock Holdings in The Coca-Cola Co (NYSE:KO)

Symons Capital Management Inc. lessened its stake in The Coca-Cola Co (NYSE:KO) by 38.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,976 shares of the company’s stock after selling 80,793 shares during the period. The Coca-Cola makes up approximately 3.3% of Symons Capital Management Inc.’s holdings, making the stock its 10th largest position. Symons Capital Management Inc.’s holdings in The Coca-Cola were worth $7,130,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KO. Taylor Hoffman Wealth Management lifted its stake in shares of The Coca-Cola by 6.3% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 33,606 shares of the company’s stock valued at $1,830,000 after buying an additional 2,000 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of The Coca-Cola by 6.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,807 shares of the company’s stock valued at $207,000 after buying an additional 217 shares in the last quarter. Whitnell & Co. lifted its stake in shares of The Coca-Cola by 35.5% during the 3rd quarter. Whitnell & Co. now owns 37,543 shares of the company’s stock valued at $2,044,000 after buying an additional 9,846 shares in the last quarter. Cornerstone Wealth Group LLC lifted its stake in shares of The Coca-Cola by 395.3% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 40,326 shares of the company’s stock valued at $2,195,000 after buying an additional 32,185 shares in the last quarter. Finally, Principle Wealth Partners LLC lifted its stake in shares of The Coca-Cola by 15.0% during the 3rd quarter. Principle Wealth Partners LLC now owns 12,270 shares of the company’s stock valued at $668,000 after buying an additional 1,600 shares in the last quarter. 67.32% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Nikolaos Koumettis sold 146,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $54.31, for a total value of $7,929,260.00. Following the sale, the insider now directly owns 244,451 shares in the company, valued at approximately $13,276,133.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nancy Quan sold 24,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $53.90, for a total transaction of $1,293,600.00. Following the completion of the sale, the senior vice president now owns 189,049 shares in the company, valued at $10,189,741.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 403,026 shares of company stock worth $22,037,406. Insiders own 1.33% of the company’s stock.

KO stock traded down $0.08 during mid-day trading on Friday, hitting $52.21. The company had a trading volume of 6,997,608 shares, compared to its average volume of 13,198,850. The company has a market capitalization of $224.59 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 3.65 and a beta of 0.46. The Coca-Cola Co has a 12-month low of $44.42 and a 12-month high of $55.92. 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 company has a 50-day moving average price of $53.85 and a 200 day moving average price of $52.23.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Friday, October 18th. The company reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $0.57 EPS. As a group, analysts expect 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 Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, November 29th. The Coca-Cola’s payout ratio is currently 76.92%.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. Bank of America restated a “buy” rating and set a $60.00 target price (up previously from $55.00) on shares of The Coca-Cola in a research note on Wednesday, July 24th. JPMorgan Chase & Co. set a $59.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 18th. Guggenheim set a $59.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, SunTrust Banks lifted their target price on shares of The Coca-Cola to $60.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.95.

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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