Obermeyer Wood Investment Counsel Lllp boosted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 302.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,171 shares of the company’s stock after buying an additional 18,913 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in The Coca-Cola were worth $1,133,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of KO. Swiss National Bank grew its stake in shares of The Coca-Cola by 3.0% during the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock worth $735,069,000 after purchasing an additional 470,700 shares during the period. Summit Financial Group Inc. acquired a new stake in shares of The Coca-Cola during the 2nd quarter worth approximately $2,779,000. Global X Management Co. LLC grew its stake in shares of The Coca-Cola by 6.0% during the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after purchasing an additional 12,513 shares during the period. Amalgamated Bank grew its stake in shares of The Coca-Cola by 54.8% during the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock worth $20,118,000 after purchasing an additional 158,741 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. grew its stake in shares of The Coca-Cola by 5.6% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 139,135 shares of the company’s stock worth $5,905,000 after purchasing an additional 7,418 shares during the period. 65.30% of the stock is owned by institutional investors.
Shares of The Coca-Cola Co (KO) opened at $46.07 on Thursday. The Coca-Cola Co has a one year low of $40.22 and a one year high of $47.48. The stock has a market cap of $196,290.00, a price-to-earnings ratio of 43.88, a P/E/G ratio of 3.75 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 business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.37 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.21%. The Coca-Cola’s dividend payout ratio is currently 140.95%.
A number of equities research analysts have recently commented on the stock. Susquehanna Bancshares set a $41.00 price objective on shares of The Coca-Cola and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, November 15th. JPMorgan Chase & Co. set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Wells Fargo & Co raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $46.72 to $51.00 in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.76.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.51% of the stock is currently owned by company 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.
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