Acropolis Investment Management LLC Purchases 505 Shares of The Coca-Cola Company (NYSE:KO)


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Acropolis Investment Management LLC increased its position in The Coca-Cola Company (NYSE:KO) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,207 shares of the company’s stock after purchasing an additional 505 shares during the quarter. Acropolis Investment Management LLC’s holdings in The Coca-Cola were worth $505,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Xcel Wealth Management LLC boosted its stake in The Coca-Cola by 4.2% in the fourth quarter. Xcel Wealth Management LLC now owns 20,038 shares of the company’s stock valued at $1,098,000 after acquiring an additional 800 shares during the last quarter. Tatro Capital LLC lifted its stake in shares of The Coca-Cola by 11.8% in the 4th quarter. Tatro Capital LLC now owns 6,034 shares of the company’s stock valued at $331,000 after purchasing an additional 639 shares during the period. Pacifica Partners Inc. grew its stake in shares of The Coca-Cola by 62.9% during the fourth quarter. Pacifica Partners Inc. now owns 34,106 shares of the company’s stock worth $1,815,000 after purchasing an additional 13,168 shares during the period. Brookstone Capital Management grew its position in shares of The Coca-Cola by 4.5% during the 4th quarter. Brookstone Capital Management now owns 70,159 shares of the company’s stock worth $3,848,000 after buying an additional 3,031 shares during the period. Finally, BTR Capital Management Inc. grew its holdings in The Coca-Cola by 0.7% during the fourth quarter. BTR Capital Management Inc. now owns 28,904 shares of the company’s stock valued at $1,585,000 after purchasing an additional 200 shares during the period. 60.00% of the stock is owned by hedge funds and other institutional investors.

In other The Coca-Cola news, Director David B. Weinberg sold 100,000 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of $49.75, for a total transaction of $4,975,000.00. Also, Director David B. Weinberg sold 200,000 shares of The Coca-Cola stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $50.12, for a total value of $10,024,000.00. Following the sale, the director now directly owns 355,214 shares of the company’s stock, valued at approximately $17,803,325.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 400,000 shares of company stock valued at $20,264,000. Corporate insiders own 1.01% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Guggenheim lowered shares of The Coca-Cola from a “buy” rating to a “neutral” rating in a report on Tuesday, January 5th. HSBC cut their price objective on shares of The Coca-Cola from $61.00 to $58.00 in a research report on Wednesday. Wells Fargo & Company assumed coverage on The Coca-Cola in a research note on Monday, December 7th. They issued an “overweight” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. downgraded The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 price objective for the company. in a report on Thursday, January 7th. Finally, UBS Group boosted their target price on The Coca-Cola from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $54.41.

KO opened at $50.16 on Thursday. The stock’s fifty day simple moving average is $52.90 and its 200 day simple moving average is $49.95. The Coca-Cola Company has a 1-year low of $36.27 and a 1-year high of $60.13. The stock has a market cap of $215.56 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 6.74 and a beta of 0.57. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 1.94.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.09. The company had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.37 billion. The Coca-Cola had a net margin of 24.90% and a return on equity of 41.37%. The company’s revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Equities analysts forecast that The Coca-Cola Company will post 1.88 earnings per share for the current year.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, 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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