Landscape Capital Management L.L.C. Makes New $3.38 Million Investment in The Coca-Cola Co (NYSE:KO)

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Landscape Capital Management L.L.C. bought a new position in The Coca-Cola Co (NYSE:KO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 66,437 shares of the company’s stock, valued at approximately $3,383,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in KO. Norges Bank acquired a new position in shares of The Coca-Cola in the fourth quarter worth about $1,717,527,000. FMR LLC boosted its holdings in shares of The Coca-Cola by 22.2% in the fourth quarter. FMR LLC now owns 61,139,629 shares of the company’s stock worth $2,894,961,000 after buying an additional 11,126,961 shares during the period. Geode Capital Management LLC boosted its holdings in shares of The Coca-Cola by 10.8% in the fourth quarter. Geode Capital Management LLC now owns 46,561,672 shares of the company’s stock worth $2,200,726,000 after buying an additional 4,528,987 shares during the period. Avalon Advisors LLC boosted its holdings in shares of The Coca-Cola by 203.4% in the fourth quarter. Avalon Advisors LLC now owns 3,018,294 shares of the company’s stock worth $142,916,000 after buying an additional 2,023,309 shares during the period. Finally, Ronna Sue Cohen boosted its holdings in shares of The Coca-Cola by 4,409.4% in the first quarter. Ronna Sue Cohen now owns 1,992,242 shares of the company’s stock worth $1,992,000 after buying an additional 1,948,062 shares during the period. Institutional investors own 66.69% of the company’s stock.

Several research analysts have commented on KO shares. Atlantic Securities started coverage on shares of The Coca-Cola in a report on Monday, July 29th. They issued an “overweight” rating and a $62.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of The Coca-Cola from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. SunTrust Banks raised their target price on shares of The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Bank of America reiterated a “buy” rating and issued a $60.00 target price (up from $55.00) on shares of The Coca-Cola in a report on Wednesday, July 24th. Finally, ValuEngine upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.10.

Shares of NYSE:KO traded up $0.90 during trading on Thursday, reaching $53.89. The stock had a trading volume of 8,514,432 shares, compared to its average volume of 14,180,490. The Coca-Cola Co has a 52 week low of $44.25 and a 52 week high of $54.82. The stock has a market capitalization of $227.40 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 3.70 and a beta of 0.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The firm’s fifty day moving average is $52.43.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.86 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio is 76.92%.

In other news, SVP Beatriz R. Perez sold 14,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 108,457 shares in the company, valued at $5,791,603.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James L. Dinkins sold 45,875 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $53.26, for a total transaction of $2,443,302.50. Following the completion of the sale, the insider now owns 95,101 shares in the company, valued at approximately $5,065,079.26. The disclosure for this sale can be found here. In the last three months, insiders sold 318,761 shares of company stock worth $16,182,125. Insiders own 1.33% of the company’s stock.

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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