The Coca-Cola Co (NYSE:KO) Stake Lowered by KG&L Capital Management LLC

KG&L Capital Management LLC cut its stake in shares of The Coca-Cola Co (NYSE:KO) by 48.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,636 shares of the company’s stock after selling 6,319 shares during the quarter. KG&L Capital Management LLC’s holdings in The Coca-Cola were worth $361,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Krane Funds Advisors LLC bought a new position in The Coca-Cola in the 2nd quarter worth approximately $25,000. LFA Lugano Financial Advisors SA lifted its position in The Coca-Cola by 348.8% in the second quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock worth $28,000 after purchasing an additional 429 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in The Coca-Cola in the second quarter worth approximately $36,000. Prime Capital Investment Advisors LLC lifted its position in The Coca-Cola by 49.6% in the second quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the period. Finally, Canton Hathaway LLC lifted its position in The Coca-Cola by 83.5% in the second quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock worth $48,000 after purchasing an additional 430 shares during the period. 67.48% of the stock is owned by institutional investors.

KO stock traded down $0.36 during mid-day trading on Friday, reaching $53.30. 8,981,264 shares of the stock traded hands, compared to its average volume of 11,184,790. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The Coca-Cola Co has a 52 week low of $44.25 and a 52 week high of $55.92. The business has a 50-day moving average of $54.39 and a two-hundred day moving average of $51.22. The firm has a market capitalization of $229.11 billion, a PE ratio of 25.63, a P/E/G ratio of 3.73 and a beta of 0.45.



The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.

In related news, SVP Francisco Crespo sold 130,637 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $55.15, for a total value of $7,204,630.55. Following the completion of the sale, the senior vice president now owns 139,975 shares in the company, valued at $7,719,621.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 146,000 shares of the 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 sale, the insider now 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 have sold 429,638 shares of company stock valued at $23,411,372 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

A number of analysts have recently issued reports on the company. HSBC restated a “neutral” rating and issued a $52.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. BMO Capital Markets increased their target price on The Coca-Cola from $48.00 to $52.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Bank of America restated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of The Coca-Cola in a report on Wednesday, July 24th. Deutsche Bank increased their target price on The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.26.

The Coca-Cola 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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