Cozad Asset Management Inc. Decreases Position in The Coca-Cola Company (NYSE:KO)

Cozad Asset Management Inc. lessened its holdings in The Coca-Cola Company (NYSE:KO) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 51,677 shares of the company’s stock after selling 1,950 shares during the quarter. Cozad Asset Management Inc.’s holdings in Coca-Cola were worth $3,714,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in shares of Coca-Cola by 3.8% during the 1st quarter. Jennison Associates LLC now owns 47,562 shares of the company’s stock worth $2,910,000 after purchasing an additional 1,746 shares during the last quarter. Advisory Alpha LLC lifted its position in Coca-Cola by 29.0% in the first quarter. Advisory Alpha LLC now owns 13,297 shares of the company’s stock valued at $814,000 after acquiring an additional 2,990 shares during the last quarter. CFO4Life Group LLC lifted its position in Coca-Cola by 1.1% in the first quarter. CFO4Life Group LLC now owns 15,501 shares of the company’s stock valued at $948,000 after acquiring an additional 174 shares during the last quarter. Duality Advisers LP lifted its position in Coca-Cola by 191.1% in the first quarter. Duality Advisers LP now owns 111,851 shares of the company’s stock valued at $6,843,000 after acquiring an additional 73,434 shares during the last quarter. Finally, Empirical Finance LLC lifted its position in Coca-Cola by 3.5% in the first quarter. Empirical Finance LLC now owns 140,576 shares of the company’s stock valued at $8,600,000 after acquiring an additional 4,754 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other Coca-Cola news, EVP Lisa Chang sold 40,334 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $69.54, for a total transaction of $2,804,826.36. Following the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at approximately $5,150,619.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Coca-Cola news, EVP Lisa Chang sold 40,334 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $69.54, for a total transaction of $2,804,826.36. Following the transaction, the executive vice president now directly owns 74,067 shares in the company, valued at approximately $5,150,619.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Quincey sold 42,397 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $70.02, for a total transaction of $2,968,637.94. Following the transaction, the chief executive officer now owns 442,546 shares in the company, valued at $30,987,070.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 203,748 shares of company stock worth $14,274,431. 0.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

KO has been the subject of a number of research reports. Hsbc Global Res raised shares of Coca-Cola to a “strong-buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Bank of America boosted their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Barclays reduced their price target on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Citigroup lifted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.80.

Coca-Cola Trading Down 2.6 %

Shares of Coca-Cola stock opened at $63.68 on Thursday. The Coca-Cola Company has a 52-week low of $56.06 and a 52-week high of $73.53. The company has a quick ratio of 0.90, a current ratio of 1.06 and a debt-to-equity ratio of 1.53. The company’s 50-day simple moving average is $69.90 and its 200-day simple moving average is $66.43. The firm has a market cap of $274.30 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 3.96 and a beta of 0.61.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%. The business had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.94 annualized dividend and a yield of 3.05%. Coca-Cola’s payout ratio is currently 80.17%.

Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.