Northside Capital Management LLC Holds Position in Coca-Cola Company (The) (KO)

Northside Capital Management LLC held its position in shares of Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,892 shares of the company’s stock at the close of the second quarter. Northside Capital Management LLC’s holdings in Coca-Cola Company (The) were worth $578,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC lifted its holdings 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 valued at $116,000 after purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Coca-Cola Company (The) by 59.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after acquiring an additional 1,026 shares during the last quarter. Perkins Coie Trust Co raised its holdings in Coca-Cola Company (The) by 21.9% in the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after acquiring an additional 572 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Coca-Cola Company (The) by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after acquiring an additional 264 shares during the last quarter. Finally, Welch Investments LLC raised its holdings in Coca-Cola Company (The) by 26.5% in the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after acquiring an additional 733 shares during the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

A number of brokerages recently weighed in on KO. Vetr lowered shares of Coca-Cola Company (The) from a “strong-buy” rating to a “hold” rating and set a $45.35 price objective for the company. in a report on Monday. Bank of America Corporation restated a “buy” rating and issued a $52.00 price objective (up from $50.00) on shares of Coca-Cola Company (The) in a report on Monday. Cowen and Company restated a “hold” rating and issued a $42.00 price objective on shares of Coca-Cola Company (The) in a report on Thursday, September 28th. HSBC Holdings plc boosted their price objective on shares of Coca-Cola Company (The) from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. Finally, Macquarie began coverage on shares of Coca-Cola Company (The) in a report on Friday, September 15th. They issued a “neutral” rating and a $47.00 price objective for the company. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.39.

In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 8,952 shares of Coca-Cola Company (The) stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the completion of the transaction, the vice president now owns 109,508 shares of the company’s stock, valued at $5,012,181.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of Coca-Cola Company (The) stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the senior vice president now directly owns 98,718 shares of the company’s stock, valued at approximately $4,541,028. The disclosure for this sale can be found here. Insiders sold 366,835 shares of company stock valued at $16,874,246 in the last ninety days. 1.51% of the stock is owned by corporate insiders.

Shares of Coca-Cola Company (NYSE KO) opened at 46.11 on Friday. The company has a market cap of $196.67 billion, a P/E ratio of 48.69 and a beta of 0.70. The stock’s 50 day moving average is $45.71 and its 200-day moving average is $44.80. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.98.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.37 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.21%. Coca-Cola Company (The)’s payout ratio is 154.17%.

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Coca-Cola Company (The) 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.

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

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