Hourglass Capital LLC Has $569,000 Position in Coca-Cola Company (The) (KO)

Hourglass Capital LLC held its position in Coca-Cola Company (The) (NYSE:KO) during the first quarter, according to its most recent filing with the SEC. The fund owned 13,400 shares of the company’s stock at the end of the first quarter. Hourglass Capital LLC’s holdings in Coca-Cola Company (The) were worth $569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Independence Advisors LLC increased its holdings in Coca-Cola Company (The) by 2.1% in the first quarter. Independence Advisors LLC now owns 9,673 shares of the company’s stock valued at $411,000 after buying an additional 200 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Coca-Cola Company (The) by 12.7% in the first quarter. Confluence Investment Management LLC now owns 5,465 shares of the company’s stock valued at $232,000 after buying an additional 615 shares in the last quarter. Trust Co increased its holdings in Coca-Cola Company (The) by 1.1% in the fourth quarter. Trust Co now owns 97,464 shares of the company’s stock valued at $4,041,000 after buying an additional 1,049 shares in the last quarter. Boltwood Capital Management increased its holdings in Coca-Cola Company (The) by 3.6% in the first quarter. Boltwood Capital Management now owns 43,154 shares of the company’s stock valued at $1,831,000 after buying an additional 1,500 shares in the last quarter. Finally, Hills Bank & Trust Co. increased its holdings in Coca-Cola Company (The) by 5.2% in the first quarter. Hills Bank & Trust Co. now owns 8,126 shares of the company’s stock valued at $345,000 after buying an additional 400 shares in the last quarter. Institutional investors own 64.68% of the company’s stock.

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In other Coca-Cola Company (The) news, SVP Beatriz R. Perez sold 10,000 shares of Coca-Cola Company (The) stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the transaction, the senior vice president now directly owns 98,718 shares of the company’s stock, valued at $4,541,028. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian John Smith sold 100,000 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the transaction, the insider now directly owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock worth $16,874,246 over the last three months. Corporate insiders own 1.51% of the company’s stock.

A number of research analysts have weighed in on the stock. Vetr raised shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Friday, July 28th. Macquarie began coverage on shares of Coca-Cola Company (The) in a research note on Friday. They set a “neutral” rating and a $47.00 target price for the company. Finally, BMO Capital Markets cut their target price on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Coca-Cola Company (The) has an average rating of “Hold” and an average price target of $45.85.

Shares of Coca-Cola Company (NYSE KO) traded up 0.15% during midday trading on Friday, reaching $46.18. 16,141,413 shares of the company traded hands. The company’s 50 day moving average is $45.84 and its 200-day moving average is $44.34. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98. The stock has a market capitalization of $196.97 billion, a price-to-earnings ratio of 48.76 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The business had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the company earned $0.60 earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis. Equities research analysts forecast that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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