Mcmillion Capital Management Inc. lessened its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 32.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,720 shares of the company’s stock after selling 13,719 shares during the period. Mcmillion Capital Management Inc.’s holdings in Coca-Cola were worth $1,288,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Signature Estate & Investment Advisors LLC lifted its holdings in Coca-Cola by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares during the period. Meeder Asset Management Inc. lifted its holdings in Coca-Cola by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after buying an additional 1,026 shares during the period. Eagle Ridge Investment Management acquired a new position in Coca-Cola in the second quarter valued at $138,000. SRS Capital Advisors Inc. lifted its holdings in Coca-Cola by 8.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after buying an additional 264 shares during the period. Finally, Perkins Coie Trust Co lifted its holdings in Coca-Cola by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after buying an additional 572 shares during the period. Institutional investors own 65.38% of the company’s stock.
Coca-Cola Company (KO) opened at $46.03 on Monday. Coca-Cola Company has a fifty-two week low of $40.19 and a fifty-two week high of $47.48. The firm has a market cap of $195,862.86, a PE ratio of 24.32, a PEG ratio of 3.89 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.
The firm also recently announced 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 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola’s payout ratio is presently 140.95%.
Several equities analysts recently issued reports on KO shares. Zacks Investment Research upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, October 16th. boosted their target price on shares of Coca-Cola from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. Royal Bank Of Canada restated a “buy” rating and issued a $49.00 target price on shares of Coca-Cola in a report on Wednesday, September 6th. Bank of America restated a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of Coca-Cola in a report on Monday, October 9th. Finally, Credit Suisse Group set a $51.00 target price on shares of Coca-Cola and gave the company a “buy” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. Coca-Cola presently has an average rating of “Hold” and an average price target of $47.80.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s 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 sale, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.51% of the company’s stock.
Coca-Cola 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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