Asset Advisors Corp Has $14.95 Million Holdings in The Coca-Cola Co (KO)

Asset Advisors Corp lessened its holdings in The Coca-Cola Co (NYSE:KO) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 332,192 shares of the company’s stock after selling 11,840 shares during the period. The Coca-Cola comprises approximately 2.7% of Asset Advisors Corp’s holdings, making the stock its 10th biggest holding. Asset Advisors Corp’s holdings in The Coca-Cola were worth $14,952,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Signature Estate & Investment Advisors LLC boosted its holdings in shares of The Coca-Cola by 5.0% in the 1st 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. boosted its stake in The Coca-Cola by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the period. Eagle Ridge Investment Management acquired a new position in The Coca-Cola during the 2nd quarter valued at about $138,000. SRS Capital Advisors Inc. boosted its stake in The Coca-Cola by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new position in The Coca-Cola during the 2nd quarter valued at about $142,000. 65.30% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.51% of the stock is currently owned by corporate insiders.

The Coca-Cola Co (KO) opened at $45.59 on Friday. The company has a market cap of $194,286.41, a price-to-earnings ratio of 43.42, a P/E/G ratio of 3.90 and a beta of 0.70. The Coca-Cola Co has a one year low of $40.22 and a one year high of $47.48. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

The Coca-Cola (NYSE:KO) last released its earnings results 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 firm had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. equities analysts predict that The Coca-Cola Co will post 1.91 earnings per share for the current year.

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

A number of research analysts have issued reports on KO shares. Royal Bank of Canada reissued a “buy” rating and set a $49.00 target price on shares of The Coca-Cola in a research note on Wednesday, September 6th. Jefferies Group restated a “hold” rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Thursday, September 7th. Vetr upgraded shares of The Coca-Cola from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Macquarie initiated coverage on shares of The Coca-Cola in a report on Friday, September 15th. They issued a “neutral” rating and a $47.00 target price on the stock. Finally, boosted their target price on shares of The Coca-Cola from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $48.30.

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About The Coca-Cola

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 The Coca-Cola (NYSE:KO)

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