Van Strum & Towne Inc. Has $221,000 Position in Coca-Cola Company (The) (KO)

Van Strum & Towne Inc. maintained its position in shares of Coca-Cola Company (The) (NYSE:KO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,200 shares of the company’s stock at the close of the 1st quarter. Van Strum & Towne Inc.’s holdings in Coca-Cola Company (The) were worth $221,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KO. Portfolio Solutions LLC acquired a new position in Coca-Cola Company (The) during the first quarter valued at $108,000. Signature Estate & Investment Advisors LLC lifted its position in Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares during the period. Welch Investments LLC lifted its position in Coca-Cola Company (The) by 26.5% during the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after purchasing an additional 733 shares during the period. Feltz Wealth PLAN Inc. acquired a new position in Coca-Cola Company (The) during the first quarter valued at $150,000. Finally, Cribstone Capital Management LLC increased its holdings in Coca-Cola Company (The) by 44.7% in the first quarter. Cribstone Capital Management LLC now owns 4,020 shares of the company’s stock valued at $171,000 after buying an additional 1,241 shares in the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

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 stock has a market capitalization of $196.97 billion, a price-to-earnings ratio of 48.76 and a beta of 0.71. 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.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

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 price objective for the company in a report on Friday, July 28th. Macquarie assumed coverage on shares of Coca-Cola Company (The) in a report on Friday. They issued a “neutral” rating and a $47.00 price objective for the company. Finally, BMO Capital Markets cut their price objective on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating for the company in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus target price of $45.85.

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, VP Kathy N. Waller sold 8,952 shares of Coca-Cola Company (The) stock in a transaction that occurred on 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 directly owns 109,508 shares in the company, valued at $5,012,181.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 366,835 shares of company stock worth $16,874,246. 1.51% of the stock is currently owned by corporate insiders.

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About Coca-Cola Company (The)

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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