Coldstream Capital Management Inc. Raises Stake in The Coca-Cola Co (NYSE:KO)

Coldstream Capital Management Inc. raised its position in shares of The Coca-Cola Co (NYSE:KO) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 67,478 shares of the company’s stock after purchasing an additional 634 shares during the period. Coldstream Capital Management Inc.’s holdings in The Coca-Cola were worth $3,436,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. CSat Investment Advisory L.P. lifted its holdings in The Coca-Cola by 119.2% during the second quarter. CSat Investment Advisory L.P. now owns 10,819 shares of the company’s stock valued at $551,000 after purchasing an additional 5,884 shares in the last quarter. Rainier Group Investment Advisory LLC lifted its holdings in The Coca-Cola by 9.3% in the 2nd quarter. Rainier Group Investment Advisory LLC now owns 8,443 shares of the company’s stock valued at $430,000 after purchasing an additional 719 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in The Coca-Cola by 133.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 64,091 shares of the company’s stock valued at $3,264,000 after purchasing an additional 36,675 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in The Coca-Cola by 0.4% in the 2nd quarter. Hilltop Holdings Inc. now owns 78,416 shares of the company’s stock valued at $3,993,000 after purchasing an additional 275 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in The Coca-Cola in the 2nd quarter valued at $16,140,000. 67.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Beatriz R. Perez sold 14,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total transaction of $747,600.00. Following the transaction, the senior vice president now owns 108,457 shares of the company’s stock, valued at $5,791,603.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lisa Chang acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the acquisition, the senior vice president now directly owns 5,448 shares of the company’s stock, valued at $290,051.52. The disclosure for this purchase can be found here. In the last quarter, insiders sold 429,638 shares of company stock valued at $23,411,372. 1.33% of the stock is owned by company insiders.

A number of research analysts have weighed in on the company. Royal Bank of Canada restated a “buy” rating and issued a $60.00 price objective on shares of The Coca-Cola in a report on Wednesday, July 24th. HSBC restated a “neutral” rating and issued a $52.00 price objective on shares of The Coca-Cola in a report on Wednesday, July 24th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, June 4th. Credit Suisse Group raised their price objective on The Coca-Cola from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Atlantic Securities began coverage on The Coca-Cola in a report on Monday, July 29th. They issued an “overweight” rating and a $62.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Buy” and an average price target of $54.26.

NYSE KO traded down $0.61 on Friday, reaching $53.91. The stock had a trading volume of 19,204,802 shares, compared to its average volume of 10,387,606. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83. The Coca-Cola Co has a 12-month low of $44.25 and a 12-month high of $55.92. The business’s 50-day moving average price is $54.08 and its 200 day moving average price is $50.36. The stock has a market cap of $231.89 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 3.77 and a beta of 0.44.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that The Coca-Cola Co will post 2.1 earnings per share for the current year.

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

The Coca-Cola Company Profile

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.

Recommended Story: What is dollar cost averaging (DCA)?

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).

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

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit