Pinkerton Retirement Specialists LLC Grows Stock Position in The Coca-Cola Co (NYSE:KO)

Pinkerton Retirement Specialists LLC lifted its stake in shares of The Coca-Cola Co (NYSE:KO) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 50,485 shares of the company’s stock after buying an additional 750 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in The Coca-Cola were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC acquired a new position in The Coca-Cola during the first quarter worth $28,000. LFA Lugano Financial Advisors SA grew its holdings in The Coca-Cola by 348.8% during the second quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock worth $28,000 after acquiring an additional 429 shares during the period. Orrstown Financial Services Inc. grew its holdings in The Coca-Cola by 230.8% during the first quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock worth $35,000 after acquiring an additional 517 shares during the period. Financial Gravity Wealth Inc. acquired a new position in The Coca-Cola during the first quarter worth $35,000. Finally, Canton Hathaway LLC grew its holdings in The Coca-Cola by 83.5% during the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock worth $48,000 after acquiring an additional 430 shares during the period. Institutional investors and hedge funds own 66.84% of the company’s stock.

The Coca-Cola stock traded down $0.48 during trading hours on Friday, hitting $54.02. The stock had a trading volume of 2,334,084 shares, compared to its average volume of 13,598,651. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71. The stock has a market capitalization of $230.39 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.75 and a beta of 0.48. The Coca-Cola Co has a 1-year low of $44.25 and a 1-year high of $54.82. The stock’s fifty day moving average is $52.90 and its two-hundred day moving average is $49.28.



The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The Coca-Cola’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, sell-side analysts anticipate that The Coca-Cola Co will post 2.1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.

A number of research analysts recently weighed in on KO shares. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, June 4th. BMO Capital Markets upped their price objective on The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. HSBC reaffirmed a “neutral” rating and set a $52.00 price objective on shares of The Coca-Cola in a report on Wednesday, July 24th. Morgan Stanley reaffirmed a “buy” rating and set a $60.00 price objective on shares of The Coca-Cola in a report on Wednesday, July 31st. Finally, Credit Suisse Group upped their price objective on The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $54.10.

In related news, SVP Nancy Quan sold 24,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $54.43, for a total transaction of $1,306,320.00. Following the sale, the senior vice president now owns 189,049 shares of the company’s stock, valued at $10,289,937.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nikolaos Koumettis sold 146,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $54.31, for a total value of $7,929,260.00. Following the sale, the insider now directly owns 244,451 shares in the company, valued at approximately $13,276,133.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 488,761 shares of company stock worth $25,417,705. Corporate insiders own 1.33% of the company’s stock.

The Coca-Cola Company Profile

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.

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

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