Patten & Patten Inc. TN Has $8.44 Million Holdings in The Coca-Cola Co (KO)

Share on StockTwits

Patten & Patten Inc. TN reduced its position in shares of The Coca-Cola Co (NYSE:KO) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 182,747 shares of the company’s stock after selling 1,590 shares during the period. Patten & Patten Inc. TN’s holdings in The Coca-Cola were worth $8,441,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Clarus Wealth Advisors acquired a new position in shares of The Coca-Cola in the second quarter valued at approximately $101,000. WP Advisors LLC acquired a new position in shares of The Coca-Cola in the second quarter valued at approximately $107,000. Signature Estate & Investment Advisors LLC acquired a new position in shares of The Coca-Cola in the second quarter valued at approximately $116,000. Fort L.P. acquired a new position in shares of The Coca-Cola in the second quarter valued at approximately $122,000. Finally, BDO Wealth Advisors LLC boosted its holdings in The Coca-Cola by 104.9% during the second quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock worth $139,000 after purchasing an additional 1,619 shares during the last quarter. 65.45% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on KO shares. Citigroup set a $56.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Friday. Morgan Stanley set a $50.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Monday, October 15th. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, September 14th. Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $50.00 price target on shares of The Coca-Cola in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.43.

In related news, SVP Francisco Crespo sold 54,200 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $48.50, for a total value of $2,628,700.00. Following the completion of the transaction, the senior vice president now owns 96,026 shares in the company, valued at approximately $4,657,261. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $48.65, for a total transaction of $729,750.00. Following the completion of the transaction, the insider now owns 68,029 shares of the company’s stock, valued at approximately $3,309,610.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,354 shares of company stock worth $8,559,188. 1.48% of the stock is currently owned by corporate insiders.

The Coca-Cola stock traded up $0.35 during trading hours on Friday, reaching $49.68. 12,398,061 shares of the stock were exchanged, compared to its average volume of 16,167,808. The company has a market capitalization of $210.61 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 3.23 and a beta of 0.60. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $49.89.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.14%. The Coca-Cola’s payout ratio is currently 81.68%.

TRADEMARK VIOLATION WARNING: “Patten & Patten Inc. TN Has $8.44 Million Holdings in The Coca-Cola Co (KO)” was first reported by BBNS and is owned by of BBNS. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://baseballnewssource.com/2018/11/10/patten-patten-inc-tn-has-8-44-million-holdings-in-the-coca-cola-co-ko/2847004.html.

About The Coca-Cola

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.

Read More: What Factors Can Affect Return on Equity?

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

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.