Coca-Cola Company (The) (KO) Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lessened its holdings in Coca-Cola Company (The) (NYSE:KO) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,985 shares of the company’s stock after selling 646 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Coca-Cola Company (The) were worth $1,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. North American Management Corp lifted its stake in Coca-Cola Company (The) by 10.3% in the second quarter. North American Management Corp now owns 6,435 shares of the company’s stock valued at $289,000 after purchasing an additional 600 shares during the last quarter. Summit Financial Group Inc. purchased a new position in Coca-Cola Company (The) in the second quarter valued at approximately $2,779,000. Global X Management Co. LLC lifted its stake in Coca-Cola Company (The) by 6.0% in the second quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock valued at $9,966,000 after purchasing an additional 12,513 shares during the last quarter. Montecito Bank & Trust raised its holdings in Coca-Cola Company (The) by 90.2% during the 1st quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock valued at $5,394,000 after acquiring an additional 60,258 shares during the period. Finally, BB&T Corp raised its holdings in Coca-Cola Company (The) by 9.5% during the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock valued at $40,980,000 after acquiring an additional 78,932 shares during the period. Hedge funds and other institutional investors own 64.92% of the company’s stock.

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In related news, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the sale, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were 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 disclosure for this sale can be found here. 1.51% of the stock is currently owned by company insiders.

Coca-Cola Company (KO) opened at $46.72 on Tuesday. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.98. The stock has a market cap of $198,291.45, a PE ratio of 24.62, a P/E/G ratio of 3.94 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.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. The business had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is 140.95%.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $49.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Sunday. Zacks Investment Research cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. BMO Capital Markets reissued a “hold” rating and set a $47.00 target price on shares of Coca-Cola Company (The) in a report on Friday, October 27th. Societe Generale set a $47.00 target price on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Thursday, October 26th. Finally, Credit Suisse Group set a $51.00 target price on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.16.

Coca-Cola Company (The) Company Profile

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.

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

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