Columbia Asset Management Boosts Stake in Coca-Cola Company (The) (KO)

Columbia Asset Management boosted its position in shares of Coca-Cola Company (The) (NYSE:KO) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,357 shares of the company’s stock after buying an additional 830 shares during the period. Coca-Cola Company (The) makes up approximately 1.2% of Columbia Asset Management’s portfolio, making the stock its 26th largest position. Columbia Asset Management’s holdings in Coca-Cola Company (The) were worth $3,664,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alpha Windward LLC raised its position in shares of Coca-Cola Company (The) by 0.9% in the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock worth $325,000 after buying an additional 68 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of Coca-Cola Company (The) by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock worth $1,152,000 after buying an additional 96 shares in the last quarter. Whalerock Point Partners LLC raised its position in shares of Coca-Cola Company (The) by 1.7% in the fourth quarter. Whalerock Point Partners LLC now owns 6,063 shares of the company’s stock worth $252,000 after buying an additional 100 shares in the last quarter. SignalPoint Asset Management LLC raised its position in shares of Coca-Cola Company (The) by 1.2% in the first quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock worth $434,000 after buying an additional 125 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its position in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. 63.80% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Company (NYSE KO) traded down 0.41% during trading on Friday, reaching $45.67. The company’s stock had a trading volume of 10,879,794 shares. 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 has a 52-week low of $39.88 and a 52-week high of $46.42.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $9.62 billion. During the same period in the prior year, the business earned $0.60 EPS. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, analysts expect that Coca-Cola Company will post $1.90 EPS for the current year.

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

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Several analysts have recently issued reports on KO shares. Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price on the stock in a report on Monday, April 24th. Jefferies Group LLC reissued a “neutral” rating and set a $45.00 target price on shares of Coca-Cola Company (The) in a report on Tuesday, April 25th. UBS AG reissued a “buy” rating and set a $48.00 target price on shares of Coca-Cola Company (The) in a report on Monday, May 15th. Credit Suisse Group reissued a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Finally, BMO Capital Markets reissued a “buy” rating and set a $46.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. Coca-Cola Company (The) currently has a consensus rating of “Hold” and a consensus target price of $45.70.

In related news, insider Irial Finan sold 354,146 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the completion of the sale, the insider now directly owns 780,258 shares in the company, valued at approximately $35,111,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the sale, the insider now owns 26,567 shares of the company’s stock, valued at $1,222,347.67. The disclosure for this sale can be found here. Insiders have sold a total of 750,263 shares of company stock valued at $34,134,363 over the last 90 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)

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