Alexandria Capital LLC Trims Position in The Coca-Cola Co (NYSE:KO)

Alexandria Capital LLC lessened its holdings in shares of The Coca-Cola Co (NYSE:KO) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,392 shares of the company’s stock after selling 882 shares during the period. Alexandria Capital LLC’s holdings in The Coca-Cola were worth $3,432,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. LFA Lugano Financial Advisors SA boosted its holdings in The Coca-Cola by 348.8% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after purchasing an additional 429 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in The Coca-Cola in the 1st quarter valued at $28,000. Redhawk Wealth Advisors Inc. bought a new stake in The Coca-Cola in the 2nd quarter valued at $36,000. Orrstown Financial Services Inc. boosted its holdings in The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after purchasing an additional 517 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new stake in The Coca-Cola in the 1st quarter valued at $35,000. 67.59% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on KO. HSBC restated a “neutral” rating and issued a $52.00 price objective on shares of The Coca-Cola in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a research report on Wednesday, July 24th. 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 report on Tuesday, June 4th. Barclays set a $54.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Thursday, May 16th. Finally, Morgan Stanley set a $60.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $54.10.

In other news, COO Brian John Smith sold 60,000 shares of The Coca-Cola stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $54.87, for a total transaction of $3,292,200.00. Following the completion of the sale, the chief operating officer now owns 174,302 shares in the company, valued at approximately $9,563,950.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Lisa Chang purchased 500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $53.24 per share, with a total value of $26,620.00. Following the transaction, the senior vice president now owns 5,448 shares in the company, valued at approximately $290,051.52. The disclosure for this purchase can be found here. In the last three months, insiders sold 299,001 shares of company stock valued at $16,206,741. 1.33% of the stock is currently owned by insiders.

Shares of KO traded down $0.53 during trading hours on Friday, reaching $54.58. The stock had a trading volume of 2,036,305 shares, compared to its average volume of 10,778,863. The company has a market capitalization of $232.62 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 3.78 and a beta of 0.44. The firm has a 50-day simple moving average of $54.00 and a 200 day simple moving average of $50.00. The Coca-Cola Co has a 12 month low of $44.25 and a 12 month high of $55.92. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 1.44.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping the 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 analyst estimates of $9.86 billion. During the same quarter last year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts forecast that The Coca-Cola Co will post 2.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is currently 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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