The Coca-Cola Co (KO) Position Trimmed by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. reduced its position in The Coca-Cola Co (NYSE:KO) by 2.8% in the third quarter, Holdings Channel reports. The fund owned 53,624 shares of the company’s stock after selling 1,523 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in The Coca-Cola were worth $2,477,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ascension Asset Management LLC increased its position in shares of The Coca-Cola by 5.3% during the 2nd quarter. Ascension Asset Management LLC now owns 22,050 shares of the company’s stock valued at $967,000 after purchasing an additional 1,100 shares during the last quarter. Country Club Trust Company n.a. increased its position in shares of The Coca-Cola by 3.7% during the 3rd quarter. Country Club Trust Company n.a. now owns 30,995 shares of the company’s stock valued at $1,432,000 after purchasing an additional 1,100 shares during the last quarter. Jag Capital Management LLC increased its position in shares of The Coca-Cola by 3.3% during the 2nd quarter. Jag Capital Management LLC now owns 34,844 shares of the company’s stock valued at $1,528,000 after purchasing an additional 1,116 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC increased its position in shares of The Coca-Cola by 1.7% during the 2nd quarter. Bontempo Ohly Capital Mgmt LLC now owns 70,938 shares of the company’s stock valued at $3,111,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Accurate Investment Solutions Inc. increased its position in shares of The Coca-Cola by 1.4% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 85,659 shares of the company’s stock valued at $3,957,000 after purchasing an additional 1,173 shares during the last quarter. Hedge funds and other institutional investors own 65.42% of the company’s stock.

Shares of NYSE KO opened at $46.51 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06. The firm has a market capitalization of $196.10 billion, a PE ratio of 24.35, a PEG ratio of 2.90 and a beta of 0.75. The Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $48.62.



The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.54 billion. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. As a group, research analysts predict that The Coca-Cola Co will post 2.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.39 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 3.35%. The Coca-Cola’s payout ratio is presently 81.68%.

In related news, SVP James L. Dinkins sold 8,754 shares of the stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the completion of the sale, the senior vice president now owns 28,354 shares in the company, valued at $1,331,220.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Murphy sold 111,468 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $46.46, for a total value of $5,178,803.28. Following the sale, the insider now owns 196,337 shares of the company’s stock, valued at approximately $9,121,817.02. The disclosure for this sale can be found here. Insiders sold a total of 168,576 shares of company stock valued at $7,835,847 in the last quarter. 1.48% of the stock is currently owned by company insiders.

A number of analysts have commented on the stock. HSBC set a $61.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a report on Thursday, September 27th. Jefferies Financial Group set a $48.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, September 6th. Morgan Stanley set a $49.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Wednesday, September 26th. Guggenheim assumed coverage on The Coca-Cola in a research note on Thursday, September 13th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, Stifel Nicolaus restated a “neutral” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research note on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $50.74.

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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