Citizens Business Bank Invests $219,000 in The Coca-Cola Company (NYSE:KO)

Citizens Business Bank bought a new position in The Coca-Cola Company (NYSE:KO – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,900 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. TRUE Private Wealth Advisors boosted its holdings in Coca-Cola by 1.0% in the second quarter. TRUE Private Wealth Advisors now owns 16,296 shares of the company’s stock valued at $1,025,000 after purchasing an additional 157 shares during the last quarter. West Branch Capital LLC raised its stake in Coca-Cola by 0.7% during the second quarter. West Branch Capital LLC now owns 23,425 shares of the company’s stock valued at $1,474,000 after buying an additional 160 shares in the last quarter. Noesis Capital Mangement Corp raised its stake in Coca-Cola by 2.9% during the second quarter. Noesis Capital Mangement Corp now owns 5,905 shares of the company’s stock valued at $371,000 after buying an additional 164 shares in the last quarter. MPS Loria Financial Planners LLC raised its stake in Coca-Cola by 4.3% during the second quarter. MPS Loria Financial Planners LLC now owns 3,992 shares of the company’s stock valued at $251,000 after buying an additional 165 shares in the last quarter. Finally, D.B. Root & Company LLC raised its stake in Coca-Cola by 0.5% during the second quarter. D.B. Root & Company LLC now owns 32,348 shares of the company’s stock valued at $2,035,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 68.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KO shares. Morgan Stanley cut their price objective on Coca-Cola from $74.00 to $68.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 4th. UBS Group upped their price objective on Coca-Cola from $63.00 to $68.00 in a research note on Wednesday, October 26th. Credit Suisse Group set a $64.00 price objective on Coca-Cola in a research note on Friday, December 9th. JPMorgan Chase & Co. set a $64.00 price objective on Coca-Cola in a research note on Thursday, December 8th. Finally, Wolfe Research started coverage on Coca-Cola in a research report on Tuesday, October 11th. They set an “outperform” rating and a $63.00 price target on the stock. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola has a consensus rating of “Moderate Buy” and an average target price of $66.90.

Coca-Cola Stock Up 0.6 %

KO opened at $60.08 on Monday. The Coca-Cola Company has a 12 month low of $54.01 and a 12 month high of $67.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market cap of $259.82 billion, a P/E ratio of 26.24, a P/E/G ratio of 3.79 and a beta of 0.57. The stock’s 50 day moving average price is $62.62 and its 200 day moving average price is $61.30.

Coca-Cola (NYSE:KO – Get Rating) last posted its earnings results on Tuesday, October 25th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Coca-Cola had a return on equity of 42.75% and a net margin of 23.44%. The firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.60 billion. As a group, research analysts predict that The Coca-Cola Company will post 2.48 earnings per share for the current year.

Insider Activity at Coca-Cola

In other Coca-Cola news, insider Brian John Smith sold 126,972 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $62.07, for a total transaction of $7,881,152.04. Following the completion of the transaction, the insider now directly owns 116,168 shares of the company’s stock, valued at approximately $7,210,547.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Herbert A. Allen III purchased 33,200 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was purchased at an average cost of $60.18 per share, with a total value of $1,997,976.00. Following the purchase, the director now owns 99,054 shares in the company, valued at approximately $5,961,069.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian John Smith sold 126,972 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $62.07, for a total value of $7,881,152.04. Following the transaction, the insider now directly owns 116,168 shares of the company’s stock, valued at $7,210,547.76. The disclosure for this sale can be found here. Insiders have sold a total of 276,986 shares of company stock worth $17,218,050 in the last three months. 0.98% of the stock is owned by company insiders.

Coca-Cola Profile

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The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.