Coca-Cola Company (The) (KO) Shares Bought by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Coca-Cola Company (The) (NYSE:KO) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,289 shares of the company’s stock after buying an additional 475 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Coca-Cola Company (The) were worth $282,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. North American Management Corp boosted its stake in Coca-Cola Company (The) by 10.3% during the 2nd quarter. North American Management Corp now owns 6,435 shares of the company’s stock worth $289,000 after purchasing an additional 600 shares during the period. Shell Asset Management Co. boosted its stake in Coca-Cola Company (The) by 0.5% during the 1st quarter. Shell Asset Management Co. now owns 876,901 shares of the company’s stock worth $37,216,000 after purchasing an additional 4,101 shares during the period. Guinness Asset Management Ltd boosted its stake in Coca-Cola Company (The) by 13.4% during the 1st quarter. Guinness Asset Management Ltd now owns 232,940 shares of the company’s stock worth $9,886,000 after purchasing an additional 27,560 shares during the period. Montecito Bank & Trust boosted its stake in Coca-Cola Company (The) by 90.2% during the 1st quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after purchasing an additional 60,258 shares during the period. Finally, BB&T Corp boosted its stake in Coca-Cola Company (The) by 9.5% during the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after purchasing an additional 78,932 shares during the period. Institutional investors and hedge funds own 64.62% of the company’s stock.

In other Coca-Cola Company (The) news, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the senior vice president now directly owns 98,718 shares in the company, valued at $4,541,028. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer K. Mann sold 8,819 shares of the business’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 completion of the sale, the insider now owns 30,553 shares in the company, valued at $1,393,522.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,835 shares of company stock worth $16,874,246. 1.51% of the stock is owned by company insiders.

Coca-Cola Company (NYSE KO) opened at 46.11 on Friday. The stock has a 50 day moving average of $45.71 and a 200-day moving average of $44.80. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The stock has a market cap of $196.67 billion, a P/E ratio of 48.69 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the 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 firm had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the previous year, the business earned $0.60 earnings per share. Coca-Cola Company (The)’s revenue for the quarter was down 15.9% compared to the same quarter last year. Analysts anticipate that Coca-Cola Company will post $1.90 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.21%. The ex-dividend date was Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 154.17%.

KO has been the subject of a number of recent research reports. Sanford C. Bernstein set a $49.00 price target on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, September 6th. BidaskClub cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $47.00 price target on shares of Coca-Cola Company (The) in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.39.

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

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