Donald L. Hagan LLC Sells 9,008 Shares of The Coca-Cola Co (NYSE:KO)

Donald L. Hagan LLC lowered its position in The Coca-Cola Co (NYSE:KO) by 33.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,249 shares of the company’s stock after selling 9,008 shares during the period. Donald L. Hagan LLC’s holdings in The Coca-Cola were worth $976,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KO. Vanguard Group Inc. boosted its stake in shares of The Coca-Cola by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 308,293,644 shares of the company’s stock worth $15,698,312,000 after buying an additional 4,225,080 shares during the last quarter. Northern Trust Corp boosted its stake in shares of The Coca-Cola by 1.1% in the 2nd quarter. Northern Trust Corp now owns 52,096,293 shares of the company’s stock worth $2,652,743,000 after buying an additional 589,927 shares during the last quarter. Morgan Stanley boosted its stake in shares of The Coca-Cola by 15.0% in the 2nd quarter. Morgan Stanley now owns 41,763,050 shares of the company’s stock worth $2,126,574,000 after buying an additional 5,449,889 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of The Coca-Cola by 9,580.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 32,579,854 shares of the company’s stock worth $1,658,966,000 after buying an additional 32,243,310 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of The Coca-Cola by 20.9% in the 2nd quarter. California Public Employees Retirement System now owns 23,023,556 shares of the company’s stock worth $1,172,359,000 after buying an additional 3,984,190 shares during the last quarter. 67.51% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Nikolaos Koumettis sold 146,000 shares of The Coca-Cola stock in a transaction dated Friday, August 16th. The stock was 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 of the company’s stock, valued at $13,276,133.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Francisco Crespo sold 130,637 shares of The Coca-Cola stock in a transaction dated Thursday, September 12th. The stock was 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 directly owns 139,975 shares in the company, valued at $7,719,621.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 429,638 shares of company stock worth $23,411,372. Insiders own 1.33% of the company’s stock.

NYSE:KO traded down $0.93 on Monday, reaching $53.85. 5,938,588 shares of the company’s stock traded hands, compared to its average volume of 10,813,450. 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 stock has a 50-day simple moving average of $54.29 and a 200-day simple moving average of $51.51. The firm has a market cap of $230.01 billion, a PE ratio of 25.89, a P/E/G ratio of 3.74 and a beta of 0.45. The Coca-Cola Co has a 12 month low of $44.42 and a 12 month high of $55.92.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.56. The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.42 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. On average, equities analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current year.

A number of equities analysts have recently issued reports on KO shares. ValuEngine downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. HSBC reaffirmed a “neutral” rating and issued a $52.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. SunTrust Banks raised their target price on The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Atlantic Securities began coverage on The Coca-Cola in a report on Monday, July 29th. They issued an “overweight” rating and a $62.00 target price on the stock. Finally, Bank of America reaffirmed a “buy” rating and issued a $60.00 target price (up from $55.00) on shares of The Coca-Cola in a report on Wednesday, July 24th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $54.50.

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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