Landscape Capital Management L.L.C. Invests $3.38 Million in The Coca-Cola Co (NYSE:KO)

Landscape Capital Management L.L.C. acquired a new position in The Coca-Cola Co (NYSE:KO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,437 shares of the company’s stock, valued at approximately $3,383,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of The Coca-Cola in the fourth quarter valued at $1,717,527,000. FMR LLC boosted its stake in shares of The Coca-Cola by 22.2% in the fourth quarter. FMR LLC now owns 61,139,629 shares of the company’s stock valued at $2,894,961,000 after purchasing an additional 11,126,961 shares during the period. Geode Capital Management LLC boosted its stake in shares of The Coca-Cola by 10.8% in the fourth quarter. Geode Capital Management LLC now owns 46,561,672 shares of the company’s stock valued at $2,200,726,000 after purchasing an additional 4,528,987 shares during the period. Avalon Advisors LLC boosted its stake in shares of The Coca-Cola by 203.4% in the fourth quarter. Avalon Advisors LLC now owns 3,018,294 shares of the company’s stock valued at $142,916,000 after purchasing an additional 2,023,309 shares during the period. Finally, Ronna Sue Cohen boosted its stake in shares of The Coca-Cola by 4,409.4% in the first quarter. Ronna Sue Cohen now owns 1,992,242 shares of the company’s stock valued at $1,992,000 after purchasing an additional 1,948,062 shares during the period. 66.69% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on KO. Credit Suisse Group upped their target price on shares of The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. SunTrust Banks upped their target price on shares of The Coca-Cola to $60.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. HSBC restated a “neutral” rating and issued a $52.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. Barclays set a $54.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, June 4th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $54.10.

In other The Coca-Cola news, VP John Murphy sold 84,400 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $49.99, for a total transaction of $4,219,156.00. Following the sale, the vice president now directly owns 133,715 shares of the company’s stock, valued at $6,684,412.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Francisco Crespo sold 125,948 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $6,297,400.00. Following the sale, the insider now directly owns 186,631 shares in the company, valued at $9,331,550. The disclosure for this sale can be found here. Insiders have sold 318,761 shares of company stock worth $16,182,125 over the last three months. 1.33% of the stock is owned by corporate insiders.

NYSE KO traded up $0.90 during trading hours on Thursday, reaching $53.89. 8,514,432 shares of the company traded hands, compared to its average volume of 14,180,490. The Coca-Cola Co has a 12 month low of $44.25 and a 12 month high of $54.82. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $227.40 billion, a PE ratio of 25.91, a PEG ratio of 3.70 and a beta of 0.48. The stock has a 50 day simple moving average of $52.43.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.97%. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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