Calamos Advisors LLC Boosts Stock Position in The Coca-Cola Co (NYSE:KO)

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Calamos Advisors LLC raised its stake in shares of The Coca-Cola Co (NYSE:KO) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,183,763 shares of the company’s stock after acquiring an additional 213,204 shares during the period. The Coca-Cola makes up 0.6% of Calamos Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Calamos Advisors LLC’s holdings in The Coca-Cola were worth $118,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of KO. Krane Funds Advisors LLC acquired a new position in The Coca-Cola during the 2nd quarter worth approximately $25,000. LFA Lugano Financial Advisors SA increased its position in The Coca-Cola by 348.8% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock worth $28,000 after purchasing an additional 429 shares during the period. Redhawk Wealth Advisors Inc. acquired a new position in The Coca-Cola during the 2nd quarter worth approximately $36,000. Proffitt & Goodson Inc. acquired a new position in The Coca-Cola during the 3rd quarter worth approximately $44,000. Finally, Prime Capital Investment Advisors LLC increased its position in The Coca-Cola by 49.6% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the period. 67.51% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Nikolaos Koumettis sold 146,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $54.31, for a total value of $7,929,260.00. Following the sale, the insider now owns 244,451 shares of the company’s stock, valued at approximately $13,276,133.81. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Francisco Crespo sold 130,637 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $55.15, for a total value of $7,204,630.55. Following the completion of the sale, the senior vice president now directly owns 139,975 shares in the company, valued at approximately $7,719,621.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 429,638 shares of company stock worth $23,411,372. Insiders own 1.33% of the company’s stock.

Shares of KO traded down $0.91 on Monday, reaching $53.87. The stock had a trading volume of 559,843 shares, compared to its average volume of 10,813,450. The firm has a market capitalization of $230.01 billion, a PE ratio of 25.89, a PEG ratio of 3.74 and a beta of 0.45. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average of $54.29 and a 200 day moving average of $51.51. The Coca-Cola Co has a twelve month low of $44.42 and a twelve month high of $55.92.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.42 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, sell-side analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

Several equities analysts have issued reports on KO shares. Deutsche Bank boosted their target price on The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. HSBC reiterated a “neutral” rating and set a $52.00 target price on shares of The Coca-Cola in a research report 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. Morgan Stanley set a $60.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Bank of America reiterated a “buy” rating and set a $60.00 target price (up previously from $55.00) on shares of The Coca-Cola in a research report on Wednesday, July 24th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $54.50.

The Coca-Cola Profile

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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