MinichMacGregor Wealth Management LLC Acquires Shares of 3,981 The Coca-Cola Co (NYSE:KO)

MinichMacGregor Wealth Management LLC acquired a new stake in shares of The Coca-Cola Co (NYSE:KO) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 3,981 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently made changes to their positions in KO. Brinker Capital Inc. increased its holdings in shares of The Coca-Cola by 29.4% during the third quarter. Brinker Capital Inc. now owns 78,509 shares of the company’s stock valued at $4,292,000 after acquiring an additional 17,852 shares in the last quarter. Candriam Luxembourg S.C.A. increased its holdings in The Coca-Cola by 1.0% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock worth $37,000 after buying an additional 6,373 shares in the last quarter. Windsor Group LTD grew its stake in shares of The Coca-Cola by 1.7% during the 3rd quarter. Windsor Group LTD now owns 16,500 shares of the company’s stock valued at $876,000 after purchasing an additional 269 shares during the period. Whittier Trust Co. grew its stake in shares of The Coca-Cola by 1.5% during the 3rd quarter. Whittier Trust Co. now owns 253,185 shares of the company’s stock valued at $13,781,000 after purchasing an additional 3,680 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of The Coca-Cola by 0.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 96,762 shares of the company’s stock valued at $5,266,000 after purchasing an additional 813 shares during the period. 67.51% of the stock is owned by institutional investors and hedge funds.

Shares of KO stock traded down $0.73 during trading hours on Monday, reaching $54.05. 6,694,906 shares of the company traded hands, compared to its average volume of 10,813,450. The Coca-Cola Co has a 12-month low of $44.42 and a 12-month high of $55.92. 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 company has a market cap of $230.01 billion, a P/E ratio of 25.98, a P/E/G ratio of 3.74 and a beta of 0.45. The firm has a 50-day moving average price of $54.29 and a 200 day moving average price of $51.51.

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

In related news, insider Nikolaos Koumettis sold 146,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 244,451 shares of the company’s stock, valued at approximately $13,276,133.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Beatriz R. Perez sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total value of $747,600.00. Following the completion of the transaction, the senior vice president now directly owns 108,457 shares in the company, valued at $5,791,603.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 429,638 shares of company stock worth $23,411,372. Insiders own 1.33% of the company’s stock.

A number of equities research analysts have issued reports on KO shares. Royal Bank of Canada restated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research note on Wednesday, July 24th. BMO Capital Markets boosted their price target on The Coca-Cola from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Monday. JPMorgan Chase & Co. set a $59.00 price target on The Coca-Cola and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley set a $60.00 price target on The Coca-Cola and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, ValuEngine downgraded The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $54.65.

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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