Southeast Asset Advisors Inc. Lowers Holdings in Coca-Cola Company (The) (KO)

Southeast Asset Advisors Inc. decreased its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,829 shares of the company’s stock after selling 3,594 shares during the period. Coca-Cola Company (The) comprises about 1.6% of Southeast Asset Advisors Inc.’s holdings, making the stock its 12th largest position. Southeast Asset Advisors Inc.’s holdings in Coca-Cola Company (The) were worth $5,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Alpha Windward LLC boosted its position in shares of Coca-Cola Company (The) by 0.9% during the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock valued at $325,000 after buying an additional 68 shares during the last quarter. Delta Asset Management LLC TN boosted its position in shares of Coca-Cola Company (The) by 0.4% during the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock valued at $1,152,000 after buying an additional 96 shares during the last quarter. SignalPoint Asset Management LLC boosted its position in shares of Coca-Cola Company (The) by 1.2% during the first quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company’s stock valued at $434,000 after buying an additional 125 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares during the last quarter. Finally, Baystate Wealth Management LLC lifted its holdings in Coca-Cola Company (The) by 3.3% during the first quarter. Baystate Wealth Management LLC now owns 4,544 shares of the company’s stock worth $195,000 after acquiring an additional 144 shares during the period. 64.68% of the stock is currently owned by institutional investors.

In other Coca-Cola Company (The) news, VP Kathy N. Waller sold 8,952 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the completion of the transaction, the vice president now owns 109,508 shares of the company’s stock, valued at approximately $5,012,181.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider J Alexander Douglas, Jr. sold 180,738 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $45.99, for a total transaction of $8,312,140.62. Following the completion of the transaction, the insider now directly owns 315,606 shares of the company’s stock, valued at approximately $14,514,719.94. The disclosure for this sale can be found here. Insiders have sold a total of 366,835 shares of company stock valued at $16,874,246 in the last ninety days. 1.51% of the stock is currently owned by corporate insiders.

A number of analysts recently commented on KO shares. Zacks Investment Research upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, June 27th. Sanford C. Bernstein set a $49.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Tuesday, July 11th. Credit Suisse Group reiterated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Monday, July 24th. UBS AG lifted their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.85.

TRADEMARK VIOLATION WARNING: “Southeast Asset Advisors Inc. Lowers Holdings in Coca-Cola Company (The) (KO)” was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.truebluetribune.com/2017/09/17/coca-cola-company-the-ko-shares-sold-by-southeast-asset-advisors-inc.html.

Coca-Cola Company (NYSE:KO) traded up 0.15% during trading on Friday, hitting $46.18. The stock had a trading volume of 16,141,413 shares. Coca-Cola Company has a 52-week low of $39.88 and a 52-week high of $46.98. The company has a 50-day moving average of $45.84 and a 200 day moving average of $44.34. The firm has a market cap of $196.97 billion, a P/E ratio of 48.76 and a beta of 0.71.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. On average, equities research analysts predict that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. Coca-Cola Company (The)’s payout ratio is currently 154.17%.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply