The Coca-Cola Co (KO) Shares Bought by Manchester Capital Management LLC

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Manchester Capital Management LLC increased its holdings in shares of The Coca-Cola Co (NYSE:KO) by 10.1% in the 3rd quarter, Holdings Channel reports. The firm owned 49,288 shares of the company’s stock after acquiring an additional 4,520 shares during the quarter. Manchester Capital Management LLC’s holdings in The Coca-Cola were worth $2,277,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of KO. C WorldWide Group Holding A S increased its stake in The Coca-Cola by 873.0% during the second quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock valued at $334,692,000 after acquiring an additional 6,846,641 shares during the period. Charles Schwab Investment Advisory Inc. bought a new position in The Coca-Cola during the second quarter valued at about $206,654,000. Natixis increased its stake in The Coca-Cola by 218.3% during the second quarter. Natixis now owns 4,080,146 shares of the company’s stock valued at $178,955,000 after acquiring an additional 2,798,257 shares during the period. Bank of Montreal Can increased its stake in The Coca-Cola by 47.4% during the third quarter. Bank of Montreal Can now owns 5,934,198 shares of the company’s stock valued at $274,099,000 after acquiring an additional 1,907,604 shares during the period. Finally, Unigestion Holding SA bought a new position in The Coca-Cola during the second quarter valued at about $78,078,000. 65.45% of the stock is owned by institutional investors and hedge funds.

NYSE:KO opened at $49.11 on Wednesday. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $49.13. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06. The firm has a market cap of $204.76 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 3.14 and a beta of 0.60.

The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.20 billion. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. On average, analysts expect that The Coca-Cola Co will post 2.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.

Several equities analysts recently issued reports on the company. TheStreet upgraded The Coca-Cola from a “c+” rating to a “b-” rating in a research note on Tuesday, July 17th. Gabelli restated a “hold” rating on shares of The Coca-Cola in a research note on Thursday, July 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a $50.00 price target on shares of The Coca-Cola in a research note on Thursday, July 26th. Jefferies Financial Group boosted their price target on The Coca-Cola from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Finally, Morningstar set a $49.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $51.22.

In other news, insider Brian John Smith sold 43,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $48.00, for a total value of $2,064,000.00. Following the transaction, the insider now owns 123,908 shares of the company’s stock, valued at approximately $5,947,584. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total value of $479,800.00. Following the completion of the transaction, the senior vice president now directly owns 92,645 shares in the company, valued at approximately $4,445,107.10. The disclosure for this sale can be found here. In the last three months, insiders sold 61,754 shares of company stock worth $2,954,800. 1.48% of the stock is currently owned by company insiders.

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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.

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

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