The Coca-Cola Co (KO) Shares Sold by Carroll Financial Associates Inc.

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Carroll Financial Associates Inc. lowered its stake in The Coca-Cola Co (NYSE:KO) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,334 shares of the company’s stock after selling 3,937 shares during the quarter. Carroll Financial Associates Inc.’s holdings in The Coca-Cola were worth $2,504,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. IMS Capital Management acquired a new stake in The Coca-Cola in the 3rd quarter valued at about $73,000. Westbourne Investment Advisors Inc. acquired a new stake in The Coca-Cola in the 3rd quarter valued at about $117,000. Fort L.P. acquired a new stake in The Coca-Cola in the 2nd quarter valued at about $122,000. Sageworth Trust Co lifted its holdings in The Coca-Cola by 69.5% in the 3rd quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock valued at $135,000 after acquiring an additional 1,200 shares during the last quarter. Finally, BDO Wealth Advisors LLC lifted its holdings in The Coca-Cola by 104.9% in the 2nd quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock valued at $139,000 after acquiring an additional 1,619 shares during the last quarter. 65.53% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on KO. Barclays reaffirmed a “buy” rating and set a $50.00 price objective on shares of The Coca-Cola in a research note on Friday, October 5th. Zacks Investment Research lowered shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. HSBC reaffirmed a “buy” rating and set a $64.00 price objective on shares of The Coca-Cola in a research note on Wednesday, October 31st. ValuEngine raised shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $46.00 price objective on shares of The Coca-Cola in a research note on Thursday, October 18th. Fourteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Coca-Cola has an average rating of “Hold” and a consensus price target of $51.78.

Shares of KO traded up $0.03 during trading hours on Friday, reaching $47.11. The company’s stock had a trading volume of 3,869,171 shares, compared to its average volume of 14,205,646. The Coca-Cola Co has a 1-year low of $41.45 and a 1-year high of $50.84. The company has a market capitalization of $198.66 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.85 and a beta of 0.62. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 3.31%. The Coca-Cola’s dividend payout ratio is currently 81.68%.

In other The Coca-Cola news, insider Jennifer K. Mann sold 15,100 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $50.40, for a total transaction of $761,040.00. Following the completion of the sale, the insider now owns 40,058 shares of the company’s stock, valued at $2,018,923.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kathy N. Waller sold 88,400 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $50.00, for a total value of $4,420,000.00. Following the sale, the vice president now directly owns 256,421 shares of the company’s stock, valued at approximately $12,821,050. The disclosure for this sale can be found here. Insiders sold 374,542 shares of company stock worth $18,436,957 in the last 90 days. 1.48% of the stock is currently owned by corporate insiders.

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The Coca-Cola Company 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.

Read More: Intrinsic Value and Stock Selection

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

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