Welch Group LLC Cuts Holdings in The Coca-Cola Co (KO)

Welch Group LLC cut its holdings in shares of The Coca-Cola Co (NYSE:KO) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,012 shares of the company’s stock after selling 1,436 shares during the period. Welch Group LLC’s holdings in The Coca-Cola were worth $3,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KO. Daiwa SB Investments Ltd. acquired a new position in The Coca-Cola during the 2nd quarter valued at about $5,830,000. Kissinger Financial Services LLC acquired a new position in The Coca-Cola during the 2nd quarter valued at about $211,000. Iberiabank Corp lifted its position in The Coca-Cola by 380.1% during the 2nd quarter. Iberiabank Corp now owns 63,619 shares of the company’s stock valued at $2,853,000 after purchasing an additional 50,369 shares during the period. Lawson Kroeker Investment Management Inc. NE lifted its position in The Coca-Cola by 1.3% during the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 21,965 shares of the company’s stock valued at $985,000 after purchasing an additional 280 shares during the period. Finally, Private Trust Co. NA lifted its position in The Coca-Cola by 6.0% during the 2nd quarter. Private Trust Co. NA now owns 63,713 shares of the company’s stock valued at $2,857,000 after purchasing an additional 3,617 shares during the period. Institutional investors own 65.30% of the company’s stock.

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

Shares of The Coca-Cola Co (KO) opened at $47.16 on Friday. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $47.48. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. The stock has a market capitalization of $200,933.06, a P/E ratio of 24.95, a P/E/G ratio of 3.78 and a beta of 0.70.

The Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the business earned $0.49 EPS. The Coca-Cola’s revenue for the quarter was down 14.6% compared to the same quarter last year. analysts anticipate that The Coca-Cola Co will post 1.91 earnings per share for the current year.

A number of research analysts have issued reports on KO shares. Royal Bank of Canada set a $49.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Sunday, November 12th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, November 15th. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and upped their price target for the company from $46.04 to $55.00 in a research note on Friday, January 12th. Jefferies Group set a $47.00 price target on The Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research cut The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target 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.

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

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