JJJ Advisors Inc. Decreases Stock Position in The Coca-Cola Company (NYSE:KO)


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JJJ Advisors Inc. trimmed its position in shares of The Coca-Cola Company (NYSE:KO) by 5.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,020 shares of the company’s stock after selling 212 shares during the quarter. JJJ Advisors Inc.’s holdings in The Coca-Cola were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KO. Calamos Wealth Management LLC grew its holdings in shares of The Coca-Cola by 1.5% in the first quarter. Calamos Wealth Management LLC now owns 162,993 shares of the company’s stock worth $8,591,000 after purchasing an additional 2,339 shares during the last quarter. Wilkinson Global Asset Management LLC purchased a new stake in The Coca-Cola during the first quarter valued at approximately $1,091,000. Flagship Harbor Advisors LLC boosted its position in shares of The Coca-Cola by 9.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 29,864 shares of the company’s stock worth $1,638,000 after purchasing an additional 2,492 shares in the last quarter. Liberty One Investment Management LLC increased its holdings in shares of The Coca-Cola by 4.8% during the first quarter. Liberty One Investment Management LLC now owns 318,360 shares of the company’s stock valued at $16,781,000 after acquiring an additional 14,617 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of The Coca-Cola by 0.8% during the fourth quarter. AE Wealth Management LLC now owns 357,040 shares of the company’s stock worth $19,580,000 after buying an additional 2,918 shares during the period. 65.99% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on KO. Royal Bank of Canada upgraded The Coca-Cola from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $60.00 in a research note on Monday, March 15th. Citigroup boosted their price target on The Coca-Cola from $54.00 to $57.00 in a research report on Tuesday, April 20th. HSBC reduced their target price on The Coca-Cola from $61.00 to $58.00 in a research report on Wednesday, January 13th. Credit Suisse Group reaffirmed a “buy” rating and set a $60.00 target price on shares of The Coca-Cola in a research note on Wednesday, April 21st. Finally, Evercore ISI upped their price objective on shares of The Coca-Cola from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, April 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $57.69.

In other The Coca-Cola news, insider Alfredo Rivera sold 20,000 shares of The Coca-Cola stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $51.15, for a total transaction of $1,023,000.00. Following the transaction, the insider now directly owns 62,000 shares in the company, valued at $3,171,300. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Quincey sold 110,000 shares of the stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $54.48, for a total transaction of $5,992,800.00. Following the sale, the chief executive officer now directly owns 266,718 shares of the company’s stock, valued at approximately $14,530,796.64. The disclosure for this sale can be found here. In the last three months, insiders sold 220,501 shares of company stock valued at $11,883,380. 1.01% of the stock is currently owned by company insiders.

KO traded up $0.01 during trading on Tuesday, hitting $54.49. The stock had a trading volume of 84,780 shares, compared to its average volume of 17,970,572. The company has a 50 day simple moving average of $52.90 and a 200-day simple moving average of $51.54. 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 Company has a 12 month low of $43.20 and a 12 month high of $54.93. The firm has a market cap of $234.94 billion, a PE ratio of 28.38, a P/E/G ratio of 5.70 and a beta of 0.58.

The Coca-Cola (NYSE:KO) last issued its earnings results on Sunday, April 18th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The Coca-Cola had a return on equity of 41.37% and a net margin of 24.90%. The firm had revenue of $9 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same period last year, the business earned $0.51 earnings per share. The Coca-Cola’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Coca-Cola Company will post 1.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Tuesday, June 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Monday, June 14th. The Coca-Cola’s dividend payout ratio is presently 79.62%.

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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