Jensen Investment Management Inc. Sells 10,430 Shares of The Coca-Cola Co (KO)

Jensen Investment Management Inc. reduced its holdings in shares of The Coca-Cola Co (NYSE:KO) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,957,548 shares of the company’s stock after selling 10,430 shares during the period. The Coca-Cola accounts for approximately 1.8% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Jensen Investment Management Inc.’s holdings in The Coca-Cola were worth $133,119,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KO. Janus Henderson Group PLC grew its holdings in The Coca-Cola by 1,117.2% during the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock worth $598,273,000 after acquiring an additional 12,243,387 shares during the period. Capital World Investors grew its holdings in The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after acquiring an additional 11,593,679 shares during the period. Troy Asset Management Ltd acquired a new stake in The Coca-Cola during the 3rd quarter worth about $260,266,000. Vanguard Group Inc. grew its holdings in The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after acquiring an additional 4,818,963 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in The Coca-Cola by 69.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock worth $405,847,000 after acquiring an additional 3,700,700 shares during the period. Hedge funds and other institutional investors own 65.30% of the company’s stock.

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

KO has been the subject of a number of recent analyst reports. Vetr upgraded The Coca-Cola from a “sell” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Royal Bank of Canada set a $49.00 price target on The Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. Jefferies Group set a $47.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, October 13th. Finally, Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company’s stock. The Coca-Cola currently has an average rating of “Hold” and an average target price of $48.59.

The Coca-Cola Co (NYSE:KO) opened at $46.00 on Tuesday. The Coca-Cola Co has a 1 year low of $40.22 and a 1 year high of $47.48. The firm has a market cap of $195,990.00, a PE ratio of 43.81, a P/E/G ratio of 3.75 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 announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share 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 business had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. equities analysts expect that The Coca-Cola Co will post 1.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.37 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.48 annualized dividend and a yield of 3.22%. The Coca-Cola’s payout ratio is 140.95%.

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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.

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

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