Global Financial Private Capital LLC Has $22.95 Million Holdings in The Coca-Cola Co (KO)

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Global Financial Private Capital LLC trimmed its stake in The Coca-Cola Co (NYSE:KO) by 20.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 496,638 shares of the company’s stock after selling 127,522 shares during the quarter. Global Financial Private Capital LLC’s holdings in The Coca-Cola were worth $22,946,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. WP Advisors LLC bought a new position in shares of The Coca-Cola during the second quarter valued at $107,000. Signature Estate & Investment Advisors LLC bought a new position in shares of The Coca-Cola during the second quarter valued at $116,000. Westbourne Investment Advisors Inc. bought a new position in shares of The Coca-Cola during the third quarter valued at $117,000. Fort L.P. bought a new position in shares of The Coca-Cola during the second quarter valued at $122,000. Finally, Sageworth Trust Co lifted its holdings in shares of The Coca-Cola by 69.5% during the third quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock valued at $135,000 after purchasing an additional 1,200 shares in the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

KO stock opened at $49.86 on Wednesday. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.24. 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 stock has a market capitalization of $212.74 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 3.27 and a beta of 0.60.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $8.25 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, equities analysts predict 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. Shareholders of record on Friday, November 30th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s payout ratio is 81.68%.

In other The Coca-Cola news, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $47.98, for a total value of $479,800.00. Following the completion of the sale, the senior vice president now owns 92,645 shares in the company, valued at $4,445,107.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Larry M. Mark sold 75,538 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $49.51, for a total value of $3,739,886.38. Following the completion of the sale, the vice president now owns 85,755 shares of the company’s stock, valued at approximately $4,245,730.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 251,892 shares of company stock valued at $12,299,075. Company insiders own 1.48% of the company’s stock.

KO has been the topic of a number of research analyst reports. Barclays reaffirmed a “buy” rating and set a $50.00 price target on shares of The Coca-Cola in a report on Friday, October 5th. Zacks Investment Research downgraded The Coca-Cola from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. JPMorgan Chase & Co. reaffirmed a “$45.12” rating and set a $49.00 price target on shares of The Coca-Cola in a report on Wednesday, July 18th. HSBC reaffirmed a “buy” rating and set a $64.00 price target on shares of The Coca-Cola in a report on Wednesday, October 31st. Finally, Jefferies Financial Group set a $48.00 price target on The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.43.

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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.

Further Reading: What do investors mean by earnings per share?

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

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