Round Table Services LLC boosted its position in Coca-Cola Company (The) (NYSE:KO) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,351 shares of the company’s stock after buying an additional 1,966 shares during the period. Round Table Services LLC’s holdings in Coca-Cola Company (The) were worth $509,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Portfolio Solutions LLC bought a new position in shares of Coca-Cola Company (The) during the first quarter valued at $108,000. Signature Estate & Investment Advisors LLC increased its position in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares during the last quarter. Perkins Coie Trust Co increased its position in shares of Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after buying an additional 572 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Coca-Cola Company (The) by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.
Shares of Coca-Cola Company (NYSE:KO) remained flat at $45.74 on Friday. The stock had a trading volume of 4,128,321 shares. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The firm has a market cap of $195.10 billion, a PE ratio of 48.30 and a beta of 0.69. The stock has a 50-day moving average price of $45.13 and a 200 day moving average price of $43.54.
Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The firm had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s revenue was down 15.9% compared to the same quarter last year. 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. Stockholders of record on Friday, September 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. Coca-Cola Company (The)’s payout ratio is 154.17%.
TRADEMARK VIOLATION WARNING: “Round Table Services LLC Raises Stake in Coca-Cola Company (The) (KO)” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/08/11/round-table-services-llc-raises-stake-in-coca-cola-company-the-ko.html.
Several equities analysts have recently weighed in on the company. Jefferies Group LLC restated a “neutral” rating and set a $45.00 price target on shares of Coca-Cola Company (The) in a report on Tuesday, April 25th. Vetr upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target for the company in a report on Monday, April 24th. UBS AG set a $48.00 price target on Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, April 18th. Credit Suisse Group restated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Finally, Stifel Nicolaus restated a “hold” rating and set a $41.00 price target on shares of Coca-Cola Company (The) in a report on Monday, April 24th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $45.70.
In other news, insider Jennifer K. Mann sold 8,819 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $45.61, for a total value of $402,234.59. Following the sale, the insider now owns 30,553 shares in the company, valued at $1,393,522.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Irial Finan sold 354,146 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now owns 780,258 shares in the company, valued at approximately $35,111,610. The disclosure for this sale can be found here. Insiders sold 614,841 shares of company stock worth $27,900,186 in the last 90 days. Company insiders own 1.51% of the company’s stock.
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.
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Company (The) (NYSE:KO).
Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.
