Coca-Cola Company (The) (KO) Holdings Cut by Broderick Brian C

Broderick Brian C decreased its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,100 shares of the company’s stock after selling 2,000 shares during the quarter. Broderick Brian C’s holdings in Coca-Cola Company (The) were worth $1,532,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Alpha Windward LLC boosted its position in shares of Coca-Cola Company (The) by 0.9% during the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock worth $325,000 after buying an additional 68 shares during the period. Delta Asset Management LLC TN boosted its position in shares of Coca-Cola Company (The) by 0.4% during the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock worth $1,152,000 after buying an additional 96 shares during the period. SignalPoint Asset Management LLC boosted its position in shares of Coca-Cola Company (The) by 1.2% during the first quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock worth $434,000 after buying an additional 125 shares during the period. Signature Estate & Investment Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares during the period. Finally, Baystate Wealth Management LLC boosted its position in shares of Coca-Cola Company (The) by 3.3% during the first quarter. Baystate Wealth Management LLC now owns 4,544 shares of the company’s stock worth $195,000 after buying an additional 144 shares during the period. 64.68% of the stock is owned by institutional investors.

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A number of research firms recently issued reports on KO. BidaskClub lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, June 27th. Barclays PLC set a $45.00 target price on Coca-Cola Company (The) and gave the company a “neutral” rating in a report on Monday, May 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Finally, Cowen and Company reiterated a “hold” rating and issued a $42.00 target price on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Coca-Cola Company (The) has an average rating of “Hold” and an average price target of $45.79.

Shares of Coca-Cola Company (NYSE KO) traded up 0.32% during trading on Tuesday, reaching $46.67. The company had a trading volume of 3,649,292 shares. The stock has a 50 day moving average of $45.71 and a 200 day moving average of $44.23. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.75. The stock has a market capitalization of $199.06 billion, a price-to-earnings ratio of 49.28 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts forecast that Coca-Cola Company will post $1.90 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a yield of 3.18%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

In related news, insider J Alexander Douglas, Jr. sold 180,738 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the sale, the insider now owns 315,606 shares in the company, valued at $14,514,719.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Randazza sold 24,156 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the sale, the insider now owns 26,567 shares in the company, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 396,117 shares of company stock worth $18,197,793. 1.51% of the stock is owned by company insiders.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

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