The Coca-Cola Co (KO) Holdings Boosted by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP grew its holdings in The Coca-Cola Co (NYSE:KO) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 103,090 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in The Coca-Cola were worth $4,639,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC lifted its stake in shares of The Coca-Cola by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after acquiring an additional 129 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of The Coca-Cola by 59.4% during the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after acquiring an additional 1,026 shares during the period. Eagle Ridge Investment Management acquired a new position in shares of The Coca-Cola during the second quarter valued at $138,000. SRS Capital Advisors Inc. increased its holdings in The 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 purchasing an additional 264 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in The Coca-Cola in the second quarter valued at about $142,000. 65.30% of the stock is currently owned by institutional investors.

Shares of The Coca-Cola Co (NYSE:KO) opened at $45.59 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 stock has a market capitalization of $194,286.41, a PE ratio of 43.42, a price-to-earnings-growth ratio of 3.90 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The company had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. sell-side analysts predict that The Coca-Cola Co will post 1.91 EPS for the current fiscal year.

The firm also recently declared 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 of this dividend 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 (DPR) is currently 140.95%.

A number of equities research analysts recently commented on the company. Vetr upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective for the company in a report on Friday. Royal Bank of Canada set a $56.00 price objective on The Coca-Cola and gave the company a “buy” rating in a report on Thursday. Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola and gave the company a “hold” rating in a report on Wednesday. J P Morgan Chase & Co set a $48.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a report on Friday, December 15th. Finally, Deutsche Bank assumed coverage on The Coca-Cola in a report on Wednesday, December 13th. They issued a “buy” rating and a $52.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.30.

In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.51% of the stock is owned by corporate insiders.

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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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