Murphy Capital Management Inc. Has $6.50 Million Position in The Coca-Cola Co (KO)

Murphy Capital Management Inc. lowered its position in shares of The Coca-Cola Co (NYSE:KO) by 0.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,330 shares of the company’s stock after selling 1,381 shares during the quarter. Murphy Capital Management Inc.’s holdings in The Coca-Cola were worth $6,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cambridge Advisors Inc. lifted its position in shares of The Coca-Cola by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock worth $365,000 after purchasing an additional 26 shares in the last quarter. Lyell Wealth Management LP lifted its position in shares of The Coca-Cola by 0.6% in the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock worth $359,000 after purchasing an additional 50 shares in the last quarter. Regentatlantic Capital LLC lifted its position in shares of The Coca-Cola by 0.4% in the second quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock worth $710,000 after purchasing an additional 64 shares in the last quarter. Vigilant Capital Management LLC lifted its position in shares of The Coca-Cola by 1.9% in the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock worth $161,000 after purchasing an additional 68 shares in the last quarter. Finally, Atlantic Trust LLC lifted its position in shares of The Coca-Cola by 1.4% in the second quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock worth $283,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.

In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction 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 directly owns 320,013 shares in the company, valued at $14,749,399.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.51% of the stock is owned by insiders.

A number of brokerages have recently commented on KO. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a research report on Friday. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday. J P Morgan Chase & Co set a $48.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, December 15th. Cowen reissued a “hold” rating and issued a $42.00 price objective on shares of The Coca-Cola in a research report on Thursday, September 28th. Finally, Royal Bank of Canada set a $56.00 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $48.30.

The Coca-Cola Co (KO) opened at $45.60 on Friday. The Coca-Cola Co has a fifty-two week low of $40.22 and a fifty-two week high of $47.48. The company has a market cap of $196,331.55, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.94 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The firm had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down 14.6% on a year-over-year basis. equities research analysts predict that The Coca-Cola Co will post 1.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.37 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The Coca-Cola’s dividend payout ratio is currently 140.95%.

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The Coca-Cola 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 The Coca-Cola (NYSE:KO)

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