The Coca-Cola Company (KO) Shares Bought by LVW Advisors LLC

LVW Advisors LLC increased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,848 shares of the company’s stock after purchasing an additional 6,357 shares during the quarter. The Coca-Cola makes up 1.0% of LVW Advisors LLC’s portfolio, making the stock its 24th biggest holding. LVW Advisors LLC’s holdings in The Coca-Cola were worth $3,526,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Capital Inc. boosted its stake in The Coca-Cola by 65.0% during the fourth quarter. Cornerstone Capital Inc. now owns 11,165 shares of the company’s stock valued at $512,000 after buying an additional 4,400 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in The Coca-Cola during the fourth quarter valued at approximately $19,247,000. RBO & Co. LLC boosted its stake in The Coca-Cola by 25.0% during the fourth quarter. RBO & Co. LLC now owns 241,881 shares of the company’s stock valued at $11,098,000 after buying an additional 48,302 shares during the last quarter. Columbia Partners L L C Investment Management boosted its stake in The Coca-Cola by 55.2% during the fourth quarter. Columbia Partners L L C Investment Management now owns 168,578 shares of the company’s stock valued at $7,734,000 after buying an additional 59,986 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in The Coca-Cola by 12.6% during the fourth quarter. Martingale Asset Management L P now owns 123,318 shares of the company’s stock valued at $5,658,000 after buying an additional 13,773 shares during the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.

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A number of equities analysts recently commented on the company. Barclays reissued a “neutral” rating and set a $45.00 price target on shares of The Coca-Cola in a research note on Thursday, March 15th. Morningstar set a $48.50 price objective on The Coca-Cola and gave the company a “buy” rating in a research note on Wednesday, February 28th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $53.00 price objective (up from $51.00) on shares of The Coca-Cola in a research note on Tuesday, February 20th. Jefferies Group reaffirmed a “neutral” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research note on Tuesday, February 20th. Finally, Morgan Stanley reaffirmed a “neutral” rating and issued a $49.00 price objective (up from $48.00) on shares of The Coca-Cola in a research note on Monday, February 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $49.21.

In related news, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total value of $719,250.00. Following the transaction, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Insiders have sold a total of 124,523 shares of company stock valued at $5,885,511 over the last three months. 1.48% of the stock is owned by corporate insiders.

Shares of KO stock opened at $44.51 on Monday. The Coca-Cola Company has a 52-week low of $42.19 and a 52-week high of $48.62. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25. The company has a market cap of $187,827.83, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 2.55 and a beta of 0.72.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same period last year, the company earned $0.37 EPS. The Coca-Cola’s quarterly revenue was down 20.2% compared to the same quarter last year. research analysts expect that The Coca-Cola Company will post 2.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were paid a dividend of $0.39 per share. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Wednesday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.

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The Coca-Cola Company 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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