The Coca-Cola Co (NYSE:KO) Shares Acquired by Pinkerton Retirement Specialists LLC

Pinkerton Retirement Specialists LLC lifted its position in shares of The Coca-Cola Co (NYSE:KO) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,485 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in The Coca-Cola were worth $2,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KO. LFA Lugano Financial Advisors SA lifted its holdings in The Coca-Cola by 348.8% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after purchasing an additional 429 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in The Coca-Cola in the 1st quarter valued at $28,000. Orrstown Financial Services Inc. lifted its holdings in The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after purchasing an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in The Coca-Cola in the 1st quarter valued at $35,000. Finally, Canton Hathaway LLC lifted its holdings in The Coca-Cola by 83.5% in the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after purchasing an additional 430 shares in the last quarter. 66.84% of the stock is currently owned by institutional investors and hedge funds.

In other The Coca-Cola news, SVP Nancy Quan sold 24,000 shares of The Coca-Cola stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $54.43, for a total value of $1,306,320.00. Following the completion of the transaction, the senior vice president now directly owns 189,049 shares of the company’s stock, valued at approximately $10,289,937.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Francisco Crespo sold 125,948 shares of The Coca-Cola stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $6,297,400.00. Following the completion of the transaction, the insider now directly owns 186,631 shares of the company’s stock, valued at $9,331,550. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 488,761 shares of company stock valued at $25,417,705. 1.33% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on the company. Royal Bank of Canada restated a “buy” rating and issued a $60.00 price objective on shares of The Coca-Cola in a report on Wednesday, July 24th. SunTrust Banks lifted their price target on The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Barclays set a $54.00 price target on The Coca-Cola and gave the stock a “buy” rating in a report on Thursday, May 16th. HSBC reiterated a “neutral” rating and set a $52.00 price target on shares of The Coca-Cola in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price target on The Coca-Cola from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Coca-Cola currently has a consensus rating of “Buy” and an average target price of $54.10.

NYSE KO traded down $0.48 during trading on Friday, hitting $54.02. The stock had a trading volume of 2,334,084 shares, compared to its average volume of 13,598,651. The company has a market capitalization of $230.39 billion, a PE ratio of 25.97, a PEG ratio of 3.75 and a beta of 0.48. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average price of $52.90 and a 200 day moving average price of $49.28. The Coca-Cola Co has a twelve month low of $44.25 and a twelve month high of $54.82.

The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The Coca-Cola’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. On average, sell-side analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, September 13th. The Coca-Cola’s dividend payout ratio is currently 76.92%.

The Coca-Cola Company Profile

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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