Commerzbank Aktiengesellschaft FI Boosts Stake in Coca-Cola Company (The) (KO)

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,283,114 shares of the company’s stock after acquiring an additional 93,365 shares during the quarter. Coca-Cola comprises about 1.0% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 20th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Coca-Cola were worth $57,548,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Todd Asset Management LLC bought a new position in Coca-Cola in the 2nd quarter valued at about $204,000. Cannell Peter B & Co. Inc. increased its holdings in Coca-Cola by 2.9% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 319,276 shares of the company’s stock valued at $14,320,000 after buying an additional 8,875 shares during the period. Sawtooth Solutions LLC increased its holdings in Coca-Cola by 24.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 59,780 shares of the company’s stock valued at $2,681,000 after buying an additional 11,694 shares during the period. Cedar Capital LLC increased its holdings in Coca-Cola by 4.8% in the 2nd quarter. Cedar Capital LLC now owns 6,506 shares of the company’s stock valued at $292,000 after buying an additional 297 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in Coca-Cola by 19.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 74,912 shares of the company’s stock valued at $3,359,000 after buying an additional 12,267 shares during the period. 65.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Coca-Cola Company (NYSE:KO) traded up $0.26 during midday trading on Tuesday, hitting $46.23. 17,523,500 shares of the stock were exchanged, compared to its average volume of 11,503,192. The firm has a market cap of $195,862.86, a P/E ratio of 24.32, a P/E/G ratio of 3.89 and a beta of 0.70. Coca-Cola Company has a 1 year low of $40.22 and a 1 year high of $47.48. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.

Coca-Cola (NYSE:KO) last issued its quarterly 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 the consensus estimate of $8.73 billion. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS. sell-side analysts expect that Coca-Cola Company will post 1.9 earnings per share for the current year.

The company 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 $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. Coca-Cola’s dividend payout ratio (DPR) is currently 140.95%.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.51% of the stock is currently owned by insiders.

KO has been the topic of several research reports. Wells Fargo & Company raised shares of Coca-Cola from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Vetr raised shares of Coca-Cola from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Friday, October 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $49.00 price target on shares of Coca-Cola in a report on Wednesday, September 6th. Finally, Susquehanna Bancshares set a $41.00 price target on shares of Coca-Cola and gave the company a “hold” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.80.

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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.

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

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