iAB Financial Bank Has $545,000 Position in Coca-Cola Company (The) (KO)

iAB Financial Bank reduced its holdings in Coca-Cola Company (The) (NYSE:KO) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,144 shares of the company’s stock after selling 891 shares during the period. iAB Financial Bank’s holdings in Coca-Cola Company (The) were worth $545,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. North American Management Corp raised its holdings 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 worth $289,000 after purchasing an additional 600 shares during the period. Summit Financial Group Inc. acquired a new stake in Coca-Cola Company (The) in the second quarter worth $2,779,000. Global X Management Co. LLC raised its holdings 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 worth $9,966,000 after purchasing an additional 12,513 shares during the period. Montecito Bank & Trust raised its holdings in Coca-Cola Company (The) by 90.2% in the first quarter. Montecito Bank & Trust now owns 127,096 shares of the company’s stock worth $5,394,000 after purchasing an additional 60,258 shares during the period. Finally, BB&T Corp raised its holdings in Coca-Cola Company (The) by 9.5% in the second quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after purchasing an additional 78,932 shares during the period. Institutional investors and hedge funds own 64.92% of the company’s stock.

Shares of Coca-Cola Company (NYSE KO) opened at $47.43 on Wednesday. The company has a market cap of $199,058.36, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 3.96 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $47.48.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Thursday, November 30th. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.51% of the company’s stock.

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Several research firms have weighed in on KO. Zacks Investment Research lowered shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reiterated a “hold” rating and issued a $42.00 target price on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola Company (The) in a research report on Thursday, July 27th. Finally, Vetr raised shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Coca-Cola Company (The) currently has a consensus rating of “Hold” and a consensus price target of $47.50.

Coca-Cola Company (The) 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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