The Coca-Cola Co (KO) Holdings Cut by Caldwell & Orkin Inc.

Caldwell & Orkin Inc. lessened its holdings in The Coca-Cola Co (NYSE:KO) by 43.1% during the third quarter, Holdings Channel reports. The fund owned 44,050 shares of the company’s stock after selling 33,425 shares during the period. The Coca-Cola makes up about 2.0% of Caldwell & Orkin Inc.’s holdings, making the stock its 19th biggest holding. Caldwell & Orkin Inc.’s holdings in The Coca-Cola were worth $1,983,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after purchasing an additional 4,818,963 shares during the last quarter. BlackRock Inc. grew its holdings in shares of The Coca-Cola by 0.3% during the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after purchasing an additional 750,257 shares during the last quarter. Capital World Investors grew its holdings in shares of The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after purchasing an additional 11,593,679 shares during the last quarter. Northern Trust Corp grew its holdings in shares of The Coca-Cola by 4.5% during the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after purchasing an additional 2,167,225 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of The Coca-Cola by 1.0% during the second quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock worth $1,699,722,000 after purchasing an additional 383,733 shares during the last quarter. Hedge funds and other institutional investors own 65.30% of the company’s stock.

The Coca-Cola Co (KO) opened at $47.16 on Friday. The Coca-Cola Co has a 12 month low of $40.22 and a 12 month high of $47.48. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $200,930.00, a P/E ratio of 44.91, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was down 14.6% compared to the same quarter last year. equities research analysts anticipate that The Coca-Cola Co will post 1.91 EPS for the current year.

In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kathy N. Waller sold 23,240 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The disclosure for this sale can be found here. 1.51% of the stock is currently owned by insiders.

Several research firms have recently weighed in on KO. Stifel Nicolaus restated a “hold” rating and set a $49.00 price target on shares of The Coca-Cola in a report on Friday, December 22nd. Goldman Sachs Group set a $49.00 target price on The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, January 10th. Jefferies Group reiterated a “hold” rating and issued a $47.00 target price on shares of The Coca-Cola in a report on Wednesday, October 25th. Morgan Stanley set a $48.00 target price on The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, October 26th. Finally, Susquehanna Bancshares set a $41.00 target price on The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $49.01.

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About The Coca-Cola

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 The Coca-Cola (NYSE:KO)

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