The Coca-Cola Co (NYSE:KO) Stock Holdings Lessened by Somerville Kurt F

Somerville Kurt F lowered its stake in The Coca-Cola Co (NYSE:KO) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,452 shares of the company’s stock after selling 275 shares during the period. Somerville Kurt F’s holdings in The Coca-Cola were worth $895,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of KO. LVM Capital Management Ltd. MI grew its holdings in The Coca-Cola by 3.3% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 25,238 shares of the company’s stock valued at $1,285,000 after buying an additional 800 shares during the last quarter. Baystate Wealth Management LLC grew its holdings in The Coca-Cola by 7.3% during the 2nd quarter. Baystate Wealth Management LLC now owns 4,933 shares of the company’s stock valued at $254,000 after buying an additional 336 shares during the last quarter. Rockland Trust Co. grew its holdings in The Coca-Cola by 3.6% during the 2nd quarter. Rockland Trust Co. now owns 153,296 shares of the company’s stock valued at $7,806,000 after buying an additional 5,375 shares during the last quarter. WINTON GROUP Ltd grew its holdings in The Coca-Cola by 22.4% during the 2nd quarter. WINTON GROUP Ltd now owns 996,025 shares of the company’s stock valued at $50,718,000 after buying an additional 182,609 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its holdings in The Coca-Cola by 22.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 69,276 shares of the company’s stock valued at $3,527,000 after buying an additional 12,717 shares during the last quarter. 67.28% of the stock is currently owned by institutional investors.

In related news, SVP Francisco Crespo sold 130,637 shares of The Coca-Cola stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $55.15, for a total value of $7,204,630.55. Following the transaction, the senior vice president now owns 139,975 shares in the company, valued at $7,719,621.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nancy Quan sold 24,000 shares of The Coca-Cola stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.90, for a total value of $1,293,600.00. Following the completion of the transaction, the senior vice president now owns 189,049 shares in the company, valued at approximately $10,189,741.10. The disclosure for this sale can be found here. Insiders sold 403,026 shares of company stock worth $22,037,406 in the last quarter. 1.33% of the stock is owned by insiders.

A number of equities research analysts have commented on the company. Morgan Stanley reiterated a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a report on Tuesday, October 29th. Royal Bank of Canada reiterated a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. Deutsche Bank raised their price objective on The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Co set a $60.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, SunTrust Banks raised their price objective on The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Buy” and an average price target of $55.95.

Shares of KO stock traded up $0.70 during mid-day trading on Wednesday, hitting $52.41. 12,537,845 shares of the company’s stock were exchanged, compared to its average volume of 13,170,312. The Coca-Cola Co has a fifty-two week low of $44.42 and a fifty-two week high of $55.92. The stock has a 50-day simple moving average of $53.69 and a two-hundred day simple moving average of $52.32. 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 stock has a market cap of $223.69 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 3.64 and a beta of 0.46.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, November 29th. The Coca-Cola’s payout ratio is currently 76.92%.

About The Coca-Cola

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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