Barr E S & Co. Has $1.92 Million Position in The Coca-Cola Company (NYSE:KO)

Barr E S & Co. decreased its stake in The Coca-Cola Company (NYSE:KO) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 36,638 shares of the company’s stock after selling 958 shares during the period. Barr E S & Co.’s holdings in Coca-Cola were worth $1,922,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Coca-Cola by 1.2% during the second quarter. Vanguard Group Inc. now owns 343,527,606 shares of the company’s stock worth $18,588,279,000 after purchasing an additional 3,940,364 shares in the last quarter. BlackRock Inc. raised its holdings in Coca-Cola by 1.0% in the 3rd quarter. BlackRock Inc. now owns 269,857,499 shares of the company’s stock valued at $14,159,425,000 after acquiring an additional 2,764,718 shares in the last quarter. State Street Corp increased its holdings in Coca-Cola by 1.9% in the 2nd quarter. State Street Corp now owns 167,328,402 shares of the company’s stock valued at $9,124,195,000 after buying an additional 3,191,797 shares during the period. FMR LLC raised its position in Coca-Cola by 8.3% during the second quarter. FMR LLC now owns 66,609,004 shares of the company’s stock valued at $3,604,214,000 after purchasing an additional 5,089,439 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Coca-Cola by 2.6% in the second quarter. Geode Capital Management LLC now owns 59,732,583 shares of the company’s stock valued at $3,222,339,000 after buying an additional 1,496,174 shares in the last quarter. 67.08% of the stock is owned by institutional investors.

Several brokerages have issued reports on KO. Royal Bank of Canada upped their price target on shares of Coca-Cola from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, October 28th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Coca-Cola from $60.00 to $59.00 and set a “hold” rating for the company in a report on Friday, October 15th. UBS Group lowered Coca-Cola from a “buy” rating to a “sell” rating in a research report on Tuesday, January 4th. Guggenheim raised Coca-Cola from a “neutral” rating to a “buy” rating and increased their price target for the company from $61.00 to $66.00 in a research report on Tuesday, January 4th. Finally, Credit Suisse Group set a $63.00 target price on shares of Coca-Cola in a research report on Thursday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Coca-Cola presently has an average rating of “Buy” and an average target price of $61.76.

In related news, COO Brian John Smith sold 37,000 shares of Coca-Cola stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $56.64, for a total value of $2,095,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nancy Quan sold 18,206 shares of the business’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $56.82, for a total transaction of $1,034,464.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 284,246 shares of company stock worth $16,757,518. 1.01% of the stock is currently owned by corporate insiders.

KO traded up $0.16 during trading on Friday, hitting $61.06. 354,085 shares of the stock were exchanged, compared to its average volume of 16,925,314. The firm has a market cap of $263.74 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 3.13 and a beta of 0.70. The Coca-Cola Company has a 1 year low of $48.11 and a 1 year high of $61.19. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.32 and a current ratio of 1.52. The firm has a 50 day simple moving average of $57.10 and a 200 day simple moving average of $55.98.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, October 26th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. Coca-Cola had a net margin of 23.31% and a return on equity of 44.22%. The company had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.72 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Coca-Cola’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st were given a $0.42 dividend. The ex-dividend date was Tuesday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 2.75%. Coca-Cola’s dividend payout ratio (DPR) is presently 82.35%.

About Coca-Cola

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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

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