The Coca-Cola Company (KO) Shares Bought by Ferris Capital LLC

Ferris Capital LLC raised its position in shares of The Coca-Cola Company (NYSE:KO) by 115.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,086 shares of the company’s stock after acquiring an additional 11,823 shares during the quarter. Ferris Capital LLC’s holdings in The Coca-Cola were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Veritas Investment Management LLP acquired a new stake in shares of The Coca-Cola in the third quarter valued at approximately $135,000. Spectrum Management Group Inc. purchased a new position in The Coca-Cola in the third quarter worth approximately $137,000. Legacy Advisors LLC purchased a new position in The Coca-Cola in the third quarter worth approximately $139,000. Goodman Financial Corp purchased a new position in The Coca-Cola in the fourth quarter worth approximately $143,000. Finally, Almanack Investment Partners LLC. purchased a new position in The Coca-Cola in the second quarter worth approximately $142,000. 66.15% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Several brokerages recently weighed in on KO. Barclays reiterated a “neutral” rating and issued a $45.00 price objective on shares of The Coca-Cola in a research report on Thursday, March 15th. Morningstar set a $48.50 price objective on The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Credit Suisse Group reiterated an “outperform” rating and issued a $53.00 price objective (up from $51.00) on shares of The Coca-Cola in a research report on Tuesday, February 20th. Jefferies Group reiterated a “neutral” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research report on Tuesday, February 20th. Finally, Morgan Stanley reiterated a “neutral” rating and issued a $49.00 price objective (up from $48.00) on shares of The Coca-Cola in a research report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $49.21.

In related news, insider Jennifer K. Mann sold 1,883 shares of The Coca-Cola stock in a transaction on Monday, March 12th. The stock was sold at an average price of $45.00, for a total value of $84,735.00. Following the completion of the transaction, the insider now directly owns 98,995 shares in the company, valued at $4,454,775. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the transaction, the insider now owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,523 shares of company stock valued at $5,885,511. 1.48% of the stock is currently owned by company insiders.

KO opened at $43.92 on Monday. The Coca-Cola Company has a 52 week low of $42.19 and a 52 week high of $48.62. The firm has a market cap of $187,358.58, a PE ratio of 22.99, a PEG ratio of 2.55 and a beta of 0.72. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The company’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period last year, the business posted $0.37 earnings per share. equities research analysts predict that The Coca-Cola Company will post 2.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. The Coca-Cola’s dividend payout ratio (DPR) is 81.68%.

TRADEMARK VIOLATION WARNING: This piece was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3342665/the-coca-cola-company-ko-shares-bought-by-ferris-capital-llc.html.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Zacks: Analysts Expect Kinsale Capital Group  Will Post Quarterly Sales of $50.93 Million
Zacks: Analysts Expect Kinsale Capital Group Will Post Quarterly Sales of $50.93 Million
Brokerages Expect MB Financial Inc.  Will Announce Quarterly Sales of $247.80 Million
Brokerages Expect MB Financial Inc. Will Announce Quarterly Sales of $247.80 Million
RPC, Inc.  Expected to Announce Earnings of $0.28 Per Share
RPC, Inc. Expected to Announce Earnings of $0.28 Per Share
Sojourn Reaches Market Capitalization of $44,783.00
Sojourn Reaches Market Capitalization of $44,783.00
Nework Hits 24-Hour Volume of $3.99 Million
Nework Hits 24-Hour Volume of $3.99 Million
Brokerages Anticipate FLIR Systems  to Post $0.43 EPS
Brokerages Anticipate FLIR Systems to Post $0.43 EPS


Leave a Reply

© 2006-2018 Ticker Report. Google+.