Rational Advisors LLC Grows Stock Holdings in The Coca-Cola Co (NYSE:KO)

Share on StockTwits

Rational Advisors LLC increased its stake in shares of The Coca-Cola Co (NYSE:KO) by 147.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 70,800 shares of the company’s stock after acquiring an additional 42,195 shares during the quarter. The Coca-Cola comprises about 1.5% of Rational Advisors LLC’s holdings, making the stock its 7th largest position. Rational Advisors LLC’s holdings in The Coca-Cola were worth $3,854,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FCA Corp TX bought a new position in The Coca-Cola in the second quarter valued at approximately $211,000. Davy Asset Management Ltd bought a new position in The Coca-Cola in the second quarter valued at approximately $891,000. Curbstone Financial Management Corp boosted its stake in The Coca-Cola by 6.0% in the second quarter. Curbstone Financial Management Corp now owns 20,550 shares of the company’s stock valued at $1,046,000 after acquiring an additional 1,170 shares during the last quarter. L & S Advisors Inc boosted its stake in The Coca-Cola by 283.6% in the second quarter. L & S Advisors Inc now owns 63,072 shares of the company’s stock valued at $3,212,000 after acquiring an additional 46,632 shares during the last quarter. Finally, Marathon Capital Management boosted its stake in The Coca-Cola by 7.0% in the second quarter. Marathon Capital Management now owns 10,851 shares of the company’s stock valued at $552,000 after acquiring an additional 712 shares during the last quarter. 67.28% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO Brian John Smith sold 60,000 shares of The Coca-Cola stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $54.87, for a total value of $3,292,200.00. Following the completion of the transaction, the chief operating officer now owns 174,302 shares of the company’s stock, valued at approximately $9,563,950.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nikolaos Koumettis sold 146,000 shares of The Coca-Cola stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the completion of the transaction, the insider now directly owns 244,451 shares of the company’s stock, valued at approximately $13,276,133.81. The disclosure for this sale can be found here. Insiders sold a total of 403,026 shares of company stock worth $22,037,406 over the last quarter. Company insiders own 1.33% of the company’s stock.

A number of brokerages have issued reports on KO. HSBC reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of The Coca-Cola in a research note on Wednesday, July 24th. Morgan Stanley reaffirmed a “buy” rating and issued a $60.00 price objective on shares of The Coca-Cola in a research note on Tuesday, October 29th. JPMorgan Chase & Co. set a $59.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 18th. ValuEngine cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks increased their target price on shares of The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The Coca-Cola presently has an average rating of “Buy” and a consensus target price of $55.95.

KO stock traded up $0.70 during midday trading on Wednesday, hitting $52.41. The company’s stock had a trading volume of 12,537,845 shares, compared to its average volume of 13,170,312. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The Coca-Cola Co has a twelve month low of $44.42 and a twelve month high of $55.92. The company’s fifty day moving average price is $53.69 and its 200 day moving average price is $52.32. The stock has a market capitalization of $223.69 billion, a P/E ratio of 25.20, a PEG ratio of 3.64 and a beta of 0.46.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Friday, October 18th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same period in the previous year, the business earned $0.57 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Equities analysts expect that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 3.05%. The Coca-Cola’s payout ratio is currently 76.92%.

About The Coca-Cola

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.

Featured Article: Current Ratio

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).

Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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



Latest News

Mid Penn Bancorp  Rating Lowered to Sell at ValuEngine
Mid Penn Bancorp Rating Lowered to Sell at ValuEngine
RAKUTEN INC/ADR  Downgraded by ValuEngine to Sell
RAKUTEN INC/ADR Downgraded by ValuEngine to Sell
Wabash National  Stock Rating Lowered by ValuEngine
Wabash National Stock Rating Lowered by ValuEngine
State Street  Stock Rating Lowered by ValuEngine
State Street Stock Rating Lowered by ValuEngine
Head-To-Head Comparison: ReneSola  versus BE Semiconductor Industrs
Head-To-Head Comparison: ReneSola versus BE Semiconductor Industrs
Analyzing Avaya  & Its Peers
Analyzing Avaya & Its Peers


 
© 2006-2019 Zolmax.