Telos Capital Management Inc. Decreases Stock Holdings in The Coca-Cola Company (NYSE:KO)


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Telos Capital Management Inc. cut its holdings in The Coca-Cola Company (NYSE:KO) by 4.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,026 shares of the company’s stock after selling 941 shares during the quarter. Telos Capital Management Inc.’s holdings in The Coca-Cola were worth $1,003,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KO. Financial Sense Advisors Inc. increased its holdings in shares of The Coca-Cola by 25.3% in the first quarter. Financial Sense Advisors Inc. now owns 17,590 shares of the company’s stock valued at $927,000 after purchasing an additional 3,557 shares during the period. Probity Advisors Inc. purchased a new position in shares of The Coca-Cola in the first quarter valued at approximately $407,000. Manning & Napier Group LLC increased its stake in The Coca-Cola by 2.1% during the first quarter. Manning & Napier Group LLC now owns 2,701,480 shares of the company’s stock worth $142,394,000 after acquiring an additional 54,310 shares during the last quarter. JGP Wealth Management LLC grew its stake in The Coca-Cola by 4.1% during the 1st quarter. JGP Wealth Management LLC now owns 119,034 shares of the company’s stock worth $6,274,000 after purchasing an additional 4,702 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in shares of The Coca-Cola by 65.9% in the 1st quarter. Mizuho Securities USA LLC now owns 23,846 shares of the company’s stock valued at $1,257,000 after purchasing an additional 9,471 shares during the last quarter. Institutional investors own 65.99% of the company’s stock.

KO has been the subject of several recent research reports. Guggenheim downgraded The Coca-Cola from a “buy” rating to a “neutral” rating in a report on Tuesday, January 5th. Evercore ISI raised their target price on The Coca-Cola from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, April 20th. Morgan Stanley lifted their price target on The Coca-Cola from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, April 26th. JPMorgan Chase & Co. downgraded The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 price target for the company. in a research note on Thursday, January 7th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $60.00 price target on shares of The Coca-Cola in a research note on Wednesday, April 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $57.69.

In other The Coca-Cola news, CEO James Quincey sold 110,000 shares of The Coca-Cola stock in a transaction that occurred on Friday, April 23rd. The shares were sold at an average price of $54.48, for a total transaction of $5,992,800.00. Following the transaction, the chief executive officer now directly owns 266,718 shares in the company, valued at approximately $14,530,796.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alfredo Rivera sold 20,000 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $51.15, for a total transaction of $1,023,000.00. Following the transaction, the insider now owns 62,000 shares in the company, valued at $3,171,300. The disclosure for this sale can be found here. In the last 90 days, insiders sold 220,501 shares of company stock worth $11,883,380. 1.01% of the stock is currently owned by company insiders.

KO opened at $54.48 on Tuesday. The Coca-Cola Company has a twelve month low of $43.20 and a twelve month high of $54.93. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 1.94. The stock has a market cap of $234.90 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 5.70 and a beta of 0.58. The business’s 50 day moving average is $52.90 and its 200-day moving average is $51.54.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Sunday, April 18th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The firm had revenue of $9 billion for the quarter, compared to analyst estimates of $8.58 billion. The Coca-Cola had a net margin of 24.90% and a return on equity of 41.37%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. As a group, analysts forecast that The Coca-Cola Company will post 1.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $1.68 annualized dividend and a yield of 3.08%. The Coca-Cola’s dividend payout ratio (DPR) is 79.62%.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, 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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