The Coca-Cola Co (KO) Shares Bought by RMB Capital Management LLC

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RMB Capital Management LLC raised its stake in shares of The Coca-Cola Co (NYSE:KO) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 24,353 shares of the company’s stock after buying an additional 749 shares during the quarter. RMB Capital Management LLC’s holdings in The Coca-Cola were worth $1,153,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Thoroughbred Financial Services LLC bought a new position in The Coca-Cola in the 4th quarter worth about $1,525,000. Geode Capital Management LLC boosted its stake in The Coca-Cola by 10.8% in the 4th quarter. Geode Capital Management LLC now owns 46,561,672 shares of the company’s stock worth $2,200,726,000 after purchasing an additional 4,528,987 shares in the last quarter. Captrust Financial Advisors boosted its stake in The Coca-Cola by 29.2% in the 4th quarter. Captrust Financial Advisors now owns 64,632 shares of the company’s stock worth $3,060,000 after purchasing an additional 14,597 shares in the last quarter. Kinneret Advisory LLC bought a new position in The Coca-Cola in the 4th quarter worth about $4,502,000. Finally, Fort L.P. boosted its stake in The Coca-Cola by 76.1% in the 4th quarter. Fort L.P. now owns 35,737 shares of the company’s stock worth $1,692,000 after purchasing an additional 15,440 shares in the last quarter. 67.83% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on KO shares. Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, January 8th. Royal Bank of Canada restated a “buy” rating and set a $56.00 target price on shares of The Coca-Cola in a research note on Wednesday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $51.00 target price on shares of The Coca-Cola in a research note on Thursday, February 14th. Goldman Sachs Group restated a “neutral” rating and set a $47.00 target price on shares of The Coca-Cola in a research note on Thursday, February 14th. Finally, Citigroup cut shares of The Coca-Cola from a “buy” rating to a “neutral” rating and lowered their target price for the company from $56.00 to $50.00 in a research note on Thursday, February 14th. Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $50.60.

In related news, insider Beatriz R. Perez sold 21,742 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $48.76, for a total value of $1,060,139.92. Following the completion of the sale, the insider now directly owns 92,645 shares of the company’s stock, valued at approximately $4,517,370.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $48.50, for a total transaction of $485,000.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

NYSE KO opened at $46.95 on Wednesday. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $50.84. The stock has a market cap of $200.50 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 3.16 and a beta of 0.52. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 1.33.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. Sell-side analysts forecast that The Coca-Cola Co will post 2.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.41%. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.39. The Coca-Cola’s dividend payout ratio is presently 76.92%.

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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.

Read More: What is a good rate of return for a mutual fund?

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)

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