Coca-Cola Company (The) (KO) Shares Sold by united american securities inc. d b a uas asset management

united american securities inc. d b a uas asset management lowered its position in Coca-Cola Company (The) (NYSE:KO) by 57.0% during the first quarter, Holdings Channel reports. The fund owned 94,570 shares of the company’s stock after selling 125,430 shares during the period. Coca-Cola Company (The) comprises approximately 2.3% of united american securities inc. d b a uas asset management’s portfolio, making the stock its 14th largest position. united american securities inc. d b a uas asset management’s holdings in Coca-Cola Company (The) were worth $4,014,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Portfolio Solutions LLC acquired a new stake in shares of Coca-Cola Company (The) during the first quarter valued at $108,000. Signature Estate & Investment Advisors LLC increased its stake 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 in the last quarter. SRS Capital Advisors Inc. increased its stake 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 in the last quarter. Welch Investments LLC increased its stake in shares of Coca-Cola Company (The) by 26.5% in the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after buying an additional 733 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. acquired a new stake in shares of Coca-Cola Company (The) during the first quarter valued at $150,000. Institutional investors and hedge funds own 63.68% of the company’s stock.

Shares of Coca-Cola Company (KO) traded down 0.33% during midday trading on Friday, hitting $45.59. 8,357,607 shares of the company’s stock were exchanged. The company has a 50-day moving average of $45.14 and a 200-day moving average of $43.57. 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 $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 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 during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’s revenue was down 15.9% on a year-over-year basis. Equities research analysts expect that Coca-Cola Company will post $1.90 EPS 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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.

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Several analysts have recently weighed in on the company. Citigroup Inc. set a $53.00 target price on Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reduced their price target on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating on the stock in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company’s stock. Coca-Cola Company (The) has an average rating of “Hold” and a consensus price target of $45.70.

In related news, insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the transaction, the insider now directly owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jennifer K. Mann sold 8,819 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $45.61, for a total transaction of $402,234.59. Following the transaction, the insider now directly owns 30,553 shares in the company, valued at $1,393,522.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 614,841 shares of company stock valued at $27,900,186. 1.51% of the stock is currently owned by corporate insiders.

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.

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