Kemper Corp Master Retirement Trust Sells 15,000 Shares of The Coca-Cola Co (KO)

Kemper Corp Master Retirement Trust reduced its stake in shares of The Coca-Cola Co (NYSE:KO) by 15.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,500 shares of the company’s stock after selling 15,000 shares during the period. The Coca-Cola accounts for approximately 2.4% of Kemper Corp Master Retirement Trust’s portfolio, making the stock its 12th biggest holding. Kemper Corp Master Retirement Trust’s holdings in The Coca-Cola were worth $3,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cognios Capital LLC purchased a new position in The Coca-Cola during the second quarter worth $1,014,000. CFO4Life Group LLC purchased a new position in The Coca-Cola during the second quarter worth $776,000. Exchange Capital Management Inc. boosted its stake in The Coca-Cola by 32.4% during the second quarter. Exchange Capital Management Inc. now owns 5,906 shares of the company’s stock worth $259,000 after buying an additional 1,445 shares during the period. Condor Capital Management boosted its stake in The Coca-Cola by 6.9% during the second quarter. Condor Capital Management now owns 86,569 shares of the company’s stock worth $3,797,000 after buying an additional 5,575 shares during the period. Finally, NuWave Investment Management LLC boosted its stake in The Coca-Cola by 57.5% during the second quarter. NuWave Investment Management LLC now owns 9,042 shares of the company’s stock worth $397,000 after buying an additional 3,302 shares during the period. Institutional investors own 65.67% of the company’s stock.

Shares of KO opened at $49.09 on Friday. The firm has a market cap of $210.65 billion, a PE ratio of 25.70, a P/E/G ratio of 3.23 and a beta of 0.61. The Coca-Cola Co has a 12-month low of $41.45 and a 12-month high of $50.84. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.26.

The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The business’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. Analysts predict that The Coca-Cola Co will post 2.08 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s dividend payout ratio is currently 81.68%.

KO has been the subject of several recent analyst reports. Morgan Stanley set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Wednesday, August 29th. Wells Fargo & Co reaffirmed a “buy” rating and set a $52.00 price objective on shares of The Coca-Cola in a research note on Wednesday, October 17th. Macquarie set a $47.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a research note on Friday, September 14th. Argus raised shares of The Coca-Cola to a “hold” rating in a research note on Friday, August 24th. Finally, HSBC set a $61.00 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $51.43.

In related news, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $48.65, for a total value of $729,750.00. Following the completion of the sale, the insider now directly owns 68,029 shares in the company, valued at $3,309,610.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James L. Dinkins sold 8,754 shares of The Coca-Cola stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total value of $411,000.30. Following the completion of the sale, the senior vice president now owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The disclosure for this sale can be found here. Insiders have sold 374,542 shares of company stock valued at $18,436,957 over the last three months. Insiders own 1.48% of the company’s stock.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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