Mcrae Capital Management Inc. Sells 2,600 Shares of The Coca-Cola Co (KO)

Mcrae Capital Management Inc. lessened its holdings in The Coca-Cola Co (NYSE:KO) by 33.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,077 shares of the company’s stock after selling 2,600 shares during the period. Mcrae Capital Management Inc.’s holdings in The Coca-Cola were worth $229,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Signature Estate & Investment Advisors LLC raised its stake in The Coca-Cola by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after acquiring an additional 129 shares during the period. Meeder Asset Management Inc. raised 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 worth $124,000 after acquiring an additional 1,026 shares during the period. Eagle Ridge Investment Management bought a new stake in The Coca-Cola during the 2nd quarter worth approximately $138,000. SRS Capital Advisors Inc. raised 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 worth $141,000 after acquiring an additional 264 shares during the period. Finally, Almanack Investment Partners LLC. bought a new stake in The Coca-Cola during the 2nd quarter worth approximately $142,000. Hedge funds and other institutional investors own 65.30% of the company’s stock.

Shares of The Coca-Cola Co (NYSE:KO) opened at $45.59 on Monday. 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 firm has a market capitalization of $194,286.41, a PE ratio of 43.42, a P/E/G ratio of 3.90 and a beta of 0.70. The Coca-Cola Co has a fifty-two week low of $40.22 and a fifty-two week high of $47.48.

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

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

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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 1.51% of the stock is owned by company insiders.

A number of research firms have commented on KO. Macquarie assumed coverage on shares of The Coca-Cola in a research note on Friday, September 15th. They set a “neutral” rating and a $47.00 target price on the stock. Jefferies Group reaffirmed a “hold” rating and set a $47.00 price objective on shares of The Coca-Cola in a research note on Thursday, September 7th. Morgan Stanley set a $48.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Goldman Sachs Group set a $45.00 target price on The Coca-Cola and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, Susquehanna Bancshares set a $41.00 target price on The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price 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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