The Coca-Cola Company (KO) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lessened its stake in shares of The Coca-Cola Company (NYSE:KO) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,309 shares of the company’s stock after selling 4,560 shares during the period. Jacobs & Co. CA’s holdings in The Coca-Cola were worth $2,491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Canada Pension Plan Investment Board boosted its position in The Coca-Cola by 69.6% during the third quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock worth $405,847,000 after purchasing an additional 3,700,700 shares during the period. Calamos Advisors LLC boosted its position in The Coca-Cola by 5.4% during the third quarter. Calamos Advisors LLC now owns 1,660,216 shares of the company’s stock worth $74,726,000 after purchasing an additional 84,539 shares during the period. Manchester Capital Management LLC boosted its position in The Coca-Cola by 19.9% during the fourth quarter. Manchester Capital Management LLC now owns 45,818 shares of the company’s stock worth $2,102,000 after purchasing an additional 7,620 shares during the period. Janney Montgomery Scott LLC boosted its position in The Coca-Cola by 3.7% during the third quarter. Janney Montgomery Scott LLC now owns 616,268 shares of the company’s stock worth $27,738,000 after purchasing an additional 21,821 shares during the period. Finally, Highstreet Asset Management Inc. boosted its position in The Coca-Cola by 2.2% during the third quarter. Highstreet Asset Management Inc. now owns 235,983 shares of the company’s stock worth $10,622,000 after purchasing an additional 5,136 shares during the period. Institutional investors and hedge funds own 66.15% of the company’s stock.

A number of equities analysts have weighed in on KO shares. JPMorgan Chase reiterated a “neutral” rating and set a target price (up previously from ) on shares of The Coca-Cola in a research report on Friday, February 16th. Barclays reiterated a “neutral” rating and set a $45.00 target price on shares of The Coca-Cola in a research report on Thursday, March 15th. Morningstar set a $48.50 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Societe Generale reiterated a “neutral” rating and set a $48.80 target price on shares of The Coca-Cola in a research report on Monday, February 19th. Finally, Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and an average price target of $49.21.



In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the sale, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total transaction of $4,009,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,523 shares of company stock valued at $5,885,511. 1.48% of the stock is currently owned by company insiders.

Shares of The Coca-Cola stock opened at $44.03 on Friday. The Coca-Cola Company has a 1 year low of $42.19 and a 1 year high of $48.62. The company has a market cap of $187,657.20, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.55 and a beta of 0.72. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25.

The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same period in the previous year, the business posted $0.37 earnings per share. The Coca-Cola’s revenue for the quarter was down 20.2% on a year-over-year basis. equities research analysts predict that The Coca-Cola Company will post 2.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.54%. The Coca-Cola’s payout ratio is presently 81.68%.

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The Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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