Meridian Investment Counsel Inc. Holds Position in Coca-Cola Company (The) (KO)

Meridian Investment Counsel Inc. held its stake in shares of Coca-Cola Company (The) (NYSE:KO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,886 shares of the company’s stock at the end of the first quarter. Meridian Investment Counsel Inc.’s holdings in Coca-Cola Company (The) were worth $292,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KO. Intact Investment Management Inc. increased its stake in Coca-Cola Company (The) by 3.6% in the fourth quarter. Intact Investment Management Inc. now owns 558,400 shares of the company’s stock valued at $23,151,000 after buying an additional 19,400 shares during the period. Sandhill Capital Partners LLC increased its stake in Coca-Cola Company (The) by 8.7% in the fourth quarter. Sandhill Capital Partners LLC now owns 13,502 shares of the company’s stock valued at $560,000 after buying an additional 1,084 shares during the period. Public Sector Pension Investment Board increased its stake in Coca-Cola Company (The) by 4.2% in the fourth quarter. Public Sector Pension Investment Board now owns 908,076 shares of the company’s stock valued at $37,649,000 after buying an additional 36,800 shares during the period. Roundview Capital LLC increased its stake in Coca-Cola Company (The) by 3.0% in the fourth quarter. Roundview Capital LLC now owns 75,250 shares of the company’s stock valued at $3,120,000 after buying an additional 2,180 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Coca-Cola Company (The) during the fourth quarter valued at $1,008,000. 63.80% of the stock is currently owned by institutional investors.

Shares of Coca-Cola Company (NYSE KO) traded down 0.41% during mid-day trading on Friday, reaching $45.67. The company had a trading volume of 10,879,794 shares. The company has a market capitalization of $194.80 billion, a P/E ratio of 48.23 and a beta of 0.69. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The firm has a 50-day moving average of $45.25 and a 200-day moving average of $43.72.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue was down 15.9% on a year-over-year basis. On average, equities analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

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Several equities research analysts recently weighed in on KO shares. Zacks Investment Research raised Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Friday, April 21st. Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price objective on the stock in a report on Monday, April 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, April 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, April 24th. Finally, Jefferies Group LLC reaffirmed a “neutral” rating and set a $45.00 target price on shares of Coca-Cola Company (The) in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.70.

In other Coca-Cola Company (The) news, insider Robert Edward Long sold 26,470 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $45.88, for a total transaction of $1,214,443.60. Following the completion of the transaction, the insider now owns 45,393 shares of the company’s stock, valued at $2,082,630.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the transaction, the insider now directly owns 136,385 shares of the company’s stock, valued at approximately $6,287,348.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 750,263 shares of company stock valued at $34,134,363. 1.51% of the stock is owned by 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.

Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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