The Coca-Cola Company (KO) Shares Bought by Virtu Financial LLC

Virtu Financial LLC increased its position in The Coca-Cola Company (NYSE:KO) by 402.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,938 shares of the company’s stock after purchasing an additional 35,994 shares during the quarter. Virtu Financial LLC’s holdings in The Coca-Cola were worth $2,062,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Veritas Investment Management LLP acquired a new position in shares of The Coca-Cola during the 3rd quarter worth approximately $135,000. Spectrum Management Group Inc. acquired a new position in shares of The Coca-Cola during the 3rd quarter worth approximately $137,000. Legacy Advisors LLC acquired a new position in shares of The Coca-Cola during the 3rd quarter worth approximately $139,000. Goodman Financial Corp acquired a new position in shares of The Coca-Cola during the 4th quarter worth approximately $143,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of The Coca-Cola during the 2nd quarter worth approximately $142,000. 66.15% of the stock is currently owned by institutional investors.

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A number of research analysts have issued reports on KO shares. Evercore ISI upgraded shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $46.04 to $55.00 in a research report on Friday, January 12th. Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Credit Suisse Group restated an “outperform” rating and set a $53.00 target price (up previously from $51.00) on shares of The Coca-Cola in a research report on Tuesday, February 20th. Deutsche Bank started coverage on shares of The Coca-Cola in a research report on Wednesday, December 13th. They set a “buy” rating and a $52.00 target price on the stock. Finally, Jefferies Group set a $50.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.21.

In other news, insider Jennifer K. Mann sold 1,883 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. Following the completion of the transaction, the insider now owns 98,995 shares of the company’s stock, valued at $4,454,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. In the last three months, insiders sold 124,523 shares of company stock valued at $5,885,511. 1.48% of the stock is owned by insiders.

Shares of NYSE:KO opened at $43.92 on Monday. The company has a market capitalization of $187,358.58, a P/E ratio of 22.99, a P/E/G 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 Company has a one year low of $42.19 and a one year high of $48.62.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The firm’s revenue was down 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. research analysts forecast that The Coca-Cola Company will post 2.09 earnings per share for the current fiscal year.

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

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The Coca-Cola Profile

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)

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