Arthur M. Cohen & Associates LLC Decreases Stake in The Coca-Cola Co (NYSE:KO)

Arthur M. Cohen & Associates LLC cut its holdings in The Coca-Cola Co (NYSE:KO) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,090 shares of the company’s stock after selling 700 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in The Coca-Cola were worth $277,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Verity Asset Management Inc. boosted its position in The Coca-Cola by 1.7% during the second quarter. Verity Asset Management Inc. now owns 11,218 shares of the company’s stock worth $571,000 after purchasing an additional 192 shares in the last quarter. Executive Wealth Management LLC boosted its position in The Coca-Cola by 11.9% during the third quarter. Executive Wealth Management LLC now owns 1,843 shares of the company’s stock worth $100,000 after purchasing an additional 196 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in The Coca-Cola by 1.2% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,168 shares of the company’s stock worth $935,000 after purchasing an additional 197 shares in the last quarter. Arbor Wealth Management LLC boosted its position in The Coca-Cola by 13.2% during the second quarter. Arbor Wealth Management LLC now owns 1,706 shares of the company’s stock worth $87,000 after purchasing an additional 199 shares in the last quarter. Finally, Bluestein R H & Co. raised its holdings in shares of The Coca-Cola by 3.5% in the second quarter. Bluestein R H & Co. now owns 5,915 shares of the company’s stock worth $301,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 67.32% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and issued a $60.00 price target on shares of The Coca-Cola in a report on Wednesday, July 24th. UBS Group raised The Coca-Cola from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $63.00 in a report on Wednesday, October 23rd. Deutsche Bank boosted their price target on The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Atlantic Securities assumed coverage on The Coca-Cola in a report on Monday, July 29th. They issued an “overweight” rating and a $62.00 price target for the company. Finally, Morgan Stanley reissued a “buy” rating and issued a $60.00 price target on shares of The Coca-Cola in a report on Tuesday, October 29th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Buy” and an average price target of $55.95.

The Coca-Cola stock opened at $52.21 on Friday. The firm has a market capitalization of $224.59 billion, a P/E ratio of 25.10, a PEG ratio of 3.65 and a beta of 0.46. The stock has a fifty day moving average price of $53.85 and a 200 day moving average price of $52.23. The Coca-Cola Co has a 52 week low of $44.42 and a 52 week high of $55.92. The company has a current ratio of 0.92, a quick ratio of 0.79 and a debt-to-equity ratio of 1.50.

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The Coca-Cola (NYSE:KO) last released its earnings results on Friday, October 18th. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The firm had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.42 billion. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, equities analysts predict that The Coca-Cola Co will post 2.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 3.06%. The Coca-Cola’s payout ratio is currently 76.92%.

In other The Coca-Cola news, SVP Lisa Chang bought 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the purchase, the senior vice president now owns 5,448 shares of the company’s stock, valued at approximately $290,051.52. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Francisco Crespo sold 130,637 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $55.15, for a total value of $7,204,630.55. Following the sale, the senior vice president now owns 139,975 shares of the company’s stock, valued at $7,719,621.25. The disclosure for this sale can be found here. Insiders sold 403,026 shares of company stock valued at $22,037,406 over the last quarter. Insiders own 1.33% of the company’s stock.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, 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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