The Coca-Cola Co (NYSE:KO) Holdings Cut by Ingalls & Snyder LLC

Ingalls & Snyder LLC lowered its holdings in shares of The Coca-Cola Co (NYSE:KO) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 352,950 shares of the company’s stock after selling 36,806 shares during the period. Ingalls & Snyder LLC’s holdings in The Coca-Cola were worth $15,886,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Cambridge Advisors Inc. grew its holdings in The Coca-Cola by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock worth $365,000 after acquiring an additional 26 shares during the last quarter. Lyell Wealth Management LP grew its holdings in The Coca-Cola by 0.6% in the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock worth $359,000 after acquiring an additional 50 shares during the last quarter. Regentatlantic Capital LLC grew its holdings in The Coca-Cola by 0.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock worth $710,000 after acquiring an additional 64 shares during the last quarter. Vigilant Capital Management LLC grew its holdings in The Coca-Cola by 1.9% in the 2nd quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock worth $161,000 after acquiring an additional 68 shares during the last quarter. Finally, Atlantic Trust LLC grew its holdings in The Coca-Cola by 1.4% in the 2nd quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock worth $283,000 after acquiring an additional 89 shares during the last quarter. 65.30% of the stock is currently owned by institutional investors.

Shares of The Coca-Cola Co (NYSE KO) traded down $0.03 during midday trading on Thursday, reaching $46.04. 7,581,000 shares of the company were exchanged, compared to its average volume of 10,900,000. The Coca-Cola Co has a one year low of $40.22 and a one year high of $47.48. The stock has a market cap of $196,160.00, a PE ratio of 43.85, a P/E/G ratio of 3.75 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the company posted $0.49 EPS. The Coca-Cola’s revenue was down 14.6% on a year-over-year basis. research analysts anticipate that The Coca-Cola Co will post 1.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.37 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.21%. The Coca-Cola’s dividend payout ratio (DPR) is currently 140.95%.

A number of equities research analysts have issued reports on the stock. Macquarie initiated coverage on shares of The Coca-Cola in a report on Friday, September 15th. They issued a “neutral” rating and a $47.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $49.00 target price on shares of The Coca-Cola in a research note on Friday, December 22nd. Goldman Sachs Group set a $49.00 target price on shares of The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday. Jefferies Group reaffirmed a “hold” rating and set a $47.00 target price on shares of The Coca-Cola in a research note on Wednesday, October 25th. Finally, Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and a consensus price target of $48.76.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of The Coca-Cola stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.51% of the company’s stock.

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About The Coca-Cola

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)

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