Greenwood Capital Associates LLC Sells 2,367 Shares of The Coca-Cola Co (KO)

Greenwood Capital Associates LLC reduced its position in shares of The Coca-Cola Co (NYSE:KO) by 2.7% in the third quarter, HoldingsChannel.com reports. The firm owned 86,649 shares of the company’s stock after selling 2,367 shares during the quarter. Greenwood Capital Associates LLC owned approximately 20.34% of The Coca-Cola worth $3,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. 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 valued at $735,069,000 after acquiring an additional 470,700 shares during the period. Summit Financial Group Inc. bought a new position in shares of The Coca-Cola during the 2nd quarter valued at 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 valued at $9,966,000 after acquiring 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 valued at $20,118,000 after acquiring an additional 158,741 shares during the period. Finally, Korea Investment CORP grew its stake in shares of The Coca-Cola by 8.8% during the 2nd quarter. Korea Investment CORP now owns 2,530,277 shares of the company’s stock valued at $113,483,000 after acquiring an additional 204,838 shares during the period. Institutional investors and hedge funds own 65.30% of the company’s stock.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.51% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on the company. Goldman Sachs Group set a $49.00 price objective on The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday. Vetr cut The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 price target on the stock. in a report on Monday. Jefferies Group set a $50.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $49.00 price target on shares of The Coca-Cola in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the stock. The Coca-Cola has an average rating of “Hold” and a consensus target price of $48.76.

Shares of The Coca-Cola Co (KO) opened at $46.04 on Friday. The stock has a market capitalization of $196,160.00, a P/E ratio of 43.85, a PEG ratio of 3.75 and a beta of 0.70. The Coca-Cola Co has a twelve month low of $40.22 and a twelve month high of $47.48. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.21%. The Coca-Cola’s dividend payout ratio (DPR) 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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