Coca-Cola Company (The) (KO) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC cut its stake in Coca-Cola Company (The) (NYSE:KO) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,831 shares of the company’s stock after selling 40 shares during the period. Arete Wealth Advisors LLC’s holdings in Coca-Cola Company (The) were worth $205,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KO. Lyell Wealth Management LP acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at $328,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Coca-Cola Company (The) by 4,410.7% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 153,769 shares of the company’s stock valued at $154,000 after buying an additional 150,360 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Coca-Cola Company (The) by 249.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,041,300 shares of the company’s stock valued at $43,172,000 after buying an additional 743,400 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Coca-Cola Company (The) by 0.9% in the fourth quarter. Greenwood Capital Associates LLC now owns 102,461 shares of the company’s stock valued at $4,248,000 after buying an additional 875 shares in the last quarter. Finally, Marietta Wealth Management LLC acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at $501,000. 63.80% of the stock is owned by institutional investors and hedge funds.

Shares of Coca-Cola Company (NYSE KO) traded down 0.41% during mid-day trading on Friday, hitting $45.67. The stock had a trading volume of 10,879,794 shares. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.43. The company has a market cap of $194.80 billion, a PE ratio of 48.23 and a beta of 0.69. The stock has a 50 day moving average price of $45.25 and a 200-day moving average price of $43.72.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The firm had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period last year, the business posted $0.60 EPS. Coca-Cola Company (The)’s quarterly revenue was down 15.9% on a year-over-year basis. On average, equities analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

TRADEMARK VIOLATION NOTICE: “Coca-Cola Company (The) (KO) Shares Sold by Arete Wealth Advisors LLC” was published by BNB Daily and is the property of of BNB Daily. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/arete-wealth-advisors-llc-has-205000-stake-in-coca-cola-company-the-ko-updated-updated-updated.html.

KO has been the subject of several research analyst reports. Zacks Investment Research cut Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. UBS AG raised their price objective on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. Jefferies Group LLC set a $47.00 price objective on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Deutsche Bank AG restated a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of Coca-Cola Company (The) in a research note on Thursday, July 27th. Finally, Vetr upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price objective for the company in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $45.70.

In other Coca-Cola Company (The) news, insider Beatriz R. Perez sold 29,282 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the sale, the insider now owns 118,000 shares in the company, valued at approximately $5,333,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kathy N. Waller sold 8,952 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the sale, the vice president now owns 109,508 shares in the company, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. Insiders sold a total of 750,263 shares of company stock valued at $34,134,363 over the last ninety days. 1.51% of the stock is currently owned by company insiders.

Coca-Cola Company (The) Company 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)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply