The Coca-Cola Co (NYSE:KO) Shares Purchased by Cohen Klingenstein LLC

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Cohen Klingenstein LLC raised its stake in shares of The Coca-Cola Co (NYSE:KO) by 94.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,200 shares of the company’s stock after buying an additional 49,200 shares during the period. Cohen Klingenstein LLC’s holdings in The Coca-Cola were worth $5,509,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new stake in shares of The Coca-Cola in the 1st quarter worth about $1,088,000. Weaver Consulting Group acquired a new stake in shares of The Coca-Cola in the 1st quarter worth about $226,000. LVM Capital Management Ltd. MI increased its holdings in shares of The Coca-Cola by 3.3% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 25,238 shares of the company’s stock worth $1,285,000 after acquiring an additional 800 shares during the period. Baystate Wealth Management LLC increased its holdings in shares of The Coca-Cola by 7.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 4,933 shares of the company’s stock worth $254,000 after acquiring an additional 336 shares during the period. Finally, Rockland Trust Co. increased its holdings in shares of The Coca-Cola by 3.6% in the 2nd quarter. Rockland Trust Co. now owns 153,296 shares of the company’s stock worth $7,806,000 after acquiring an additional 5,375 shares during the period. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KO opened at $53.88 on Friday. The Coca-Cola Co has a one year low of $44.42 and a one year high of $55.92. The company has a 50-day moving average of $54.29 and a two-hundred day moving average of $51.47. The stock has a market cap of $228.81 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.72 and a beta of 0.45. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.83 and a quick ratio of 0.71.

The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. During the same period last year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current year.

Several research firms have commented on KO. BMO Capital Markets raised their target price on shares of The Coca-Cola from $48.00 to $52.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Deutsche Bank raised their target price on shares of The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. HSBC reissued a “neutral” rating and set a $52.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. SunTrust Banks lifted their price objective on shares of The Coca-Cola to $60.00 and gave the stock a “positive” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of The Coca-Cola from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $54.26.

In other news, SVP Lisa Chang bought 500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the acquisition, the senior vice president now directly owns 5,448 shares in the company, valued at approximately $290,051.52. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jennifer K. Mann sold 9,126 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $53.48, for a total transaction of $488,058.48. Following the completion of the transaction, the insider now owns 41,175 shares of the company’s stock, valued at $2,202,039. The disclosure for this sale can be found here. Over the last quarter, insiders sold 429,638 shares of company stock valued at $23,411,372. Corporate insiders own 1.33% of the company’s stock.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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