The Coca-Cola Co (NYSE:KO) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its position in The Coca-Cola Co (NYSE:KO) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,914 shares of the company’s stock after selling 6,278 shares during the quarter. OLD National Bancorp IN’s holdings in The Coca-Cola were worth $5,468,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its holdings in The Coca-Cola by 1.2% in the 1st quarter. State Street Corp now owns 173,789,519 shares of the company’s stock valued at $7,375,663,000 after acquiring an additional 2,009,675 shares during the period. Legal & General Group Plc raised its holdings in The Coca-Cola by 4.0% in the 1st quarter. Legal & General Group Plc now owns 20,535,490 shares of the company’s stock valued at $871,552,000 after acquiring an additional 789,178 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in The Coca-Cola by 6.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,738,092 shares of the company’s stock valued at $752,805,000 after acquiring an additional 1,001,984 shares during the period. Clearbridge Investments LLC raised its holdings in The Coca-Cola by 8.1% in the 1st quarter. Clearbridge Investments LLC now owns 16,111,936 shares of the company’s stock valued at $683,791,000 after acquiring an additional 1,208,498 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in The Coca-Cola by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,687,859 shares of the company’s stock valued at $496,033,000 after acquiring an additional 41,520 shares during the period. 64.61% of the stock is currently owned by institutional investors.

In other news, VP Kathy N. Waller sold 8,952 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $45.77, for a total transaction of $409,733.04. Following the transaction, the vice president now owns 109,508 shares in the company, valued at $5,012,181.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction dated 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 owns 98,718 shares in the company, valued at approximately $4,541,028. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,835 shares of company stock worth $16,874,246. Corporate insiders own 1.51% of the company’s stock.

A number of research analysts have issued reports on the stock. BidaskClub lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Zacks Investment Research lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of The Coca-Cola in a research report on Friday, July 14th. Cowen and Company reiterated a “hold” rating and set a $42.00 price target on shares of The Coca-Cola in a research report on Thursday, August 24th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $46.00 target price (up previously from $44.00) on shares of The Coca-Cola in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $46.43.

The Coca-Cola Co (KO) traded down 0.4944% during mid-day trading on Tuesday, reaching $46.3895. 2,853,001 shares of the company were exchanged. The Coca-Cola Co has a one year low of $39.88 and a one year high of $46.98. The stock has a 50 day moving average of $45.74 and a 200-day moving average of $44.86. The stock has a market capitalization of $197.87 billion, a price-to-earnings ratio of 48.9857 and a beta of 0.70.

The Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The Coca-Cola had a net margin of 14.14% and a return on equity of 24.51%. The business had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’s revenue was down 15.9% on a year-over-year basis. On average, equities analysts expect that The Coca-Cola Co will post $1.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. The Coca-Cola’s dividend payout ratio (DPR) is currently 154.17%.

TRADEMARK VIOLATION WARNING: This article was published by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://baseballnewssource.com/markets/old-national-bancorp-in-lowers-holdings-in-coca-cola-company-the-ko/1699728.html.

The Coca-Cola 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 The Coca-Cola (NYSE:KO)

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

 


Latest News

Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Red Sox Beat Houston Sunday to Avoid Elimination
Red Sox Beat Houston Sunday to Avoid Elimination


Leave a Reply

 
© 2006-2017 BBNS.