IFC Holdings Incorporated FL Has $1.12 Million Stake in Coca-Cola Company (The) (KO)

IFC Holdings Incorporated FL grew its position in shares of Coca-Cola Company (The) (NYSE:KO) by 21.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,013 shares of the company’s stock after acquiring an additional 4,380 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Coca-Cola Company (The) were worth $1,119,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in KO. Sigma Planning Corp lifted its holdings in Coca-Cola Company (The) by 4.5% in the second quarter. Sigma Planning Corp now owns 63,222 shares of the company’s stock worth $2,836,000 after purchasing an additional 2,747 shares during the period. Keystone Financial Planning Inc. lifted its holdings in Coca-Cola Company (The) by 4.9% in the second quarter. Keystone Financial Planning Inc. now owns 126,300 shares of the company’s stock worth $5,665,000 after purchasing an additional 5,867 shares during the period. Montag & Caldwell LLC lifted its holdings in Coca-Cola Company (The) by 14.8% in the second quarter. Montag & Caldwell LLC now owns 22,450 shares of the company’s stock worth $1,007,000 after purchasing an additional 2,900 shares during the period. Rhumbline Advisers lifted its holdings in Coca-Cola Company (The) by 0.6% in the second quarter. Rhumbline Advisers now owns 6,608,516 shares of the company’s stock worth $296,392,000 after purchasing an additional 40,141 shares during the period. Finally, Smith Asset Management Group LP acquired a new stake in Coca-Cola Company (The) in the second quarter worth about $20,253,000. 64.62% of the stock is owned by institutional investors.

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In other news, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the sale, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Edward Long sold 26,470 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $45.88, for a total value of $1,214,443.60. Following the sale, the insider now directly owns 45,393 shares in the company, valued at approximately $2,082,630.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 144,241 shares of company stock worth $6,636,411. 1.51% of the stock is currently owned by insiders.

Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The company’s revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

Several equities research analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Coca-Cola Company (The) in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Susquehanna Bancshares Inc set a $41.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Coca-Cola Company (The) in a report on Friday, October 27th. Finally, Credit Suisse Group set a $51.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. Coca-Cola Company (The) currently has an average rating of “Hold” and a consensus target price of $47.16.

About Coca-Cola Company (The)

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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