First Trust Advisors LP Reduces Position in The Coca-Cola Co (KO)

First Trust Advisors LP reduced its stake in shares of The Coca-Cola Co (NYSE:KO) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,743,920 shares of the company’s stock after selling 71,554 shares during the quarter. First Trust Advisors LP’s holdings in The Coca-Cola were worth $82,575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in The Coca-Cola by 1.4% during the third quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock worth $13,351,492,000 after purchasing an additional 3,918,108 shares during the period. Vanguard Group Inc raised its stake in The Coca-Cola by 1.4% during the third quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock worth $13,351,492,000 after purchasing an additional 3,918,108 shares during the period. Capital International Investors raised its stake in The Coca-Cola by 81.9% during the third quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock worth $2,919,050,000 after purchasing an additional 28,445,747 shares during the period. FMR LLC raised its stake in The Coca-Cola by 2.3% during the third quarter. FMR LLC now owns 50,012,668 shares of the company’s stock worth $2,310,085,000 after purchasing an additional 1,116,190 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in The Coca-Cola by 2.2% during the third quarter. Loomis Sayles & Co. L P now owns 20,151,122 shares of the company’s stock worth $930,781,000 after purchasing an additional 426,083 shares during the period. Institutional investors own 67.82% of the company’s stock.

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $56.00 price target on shares of The Coca-Cola in a research note on Wednesday, February 13th. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, January 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $51.00 price objective on shares of The Coca-Cola in a research report on Thursday, February 14th. HSBC lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $64.00 to $50.00 in a research report on Tuesday, March 12th. They noted that the move was a valuation call. Finally, UBS Group reissued a “neutral” rating and issued a $50.00 price objective on shares of The Coca-Cola in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company. The Coca-Cola has an average rating of “Hold” and an average target price of $50.60.

Shares of The Coca-Cola stock traded up $0.26 during trading hours on Monday, reaching $47.00. The company’s stock had a trading volume of 9,859,440 shares, compared to its average volume of 15,917,703. The company has a market cap of $199.26 billion, a P/E ratio of 22.60, a PEG ratio of 3.14 and a beta of 0.52. The Coca-Cola Co has a one year low of $41.45 and a one year high of $50.84. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.95 and a current ratio of 1.05.

The Coca-Cola (NYSE:KO) last released its earnings results on Thursday, February 14th. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The Coca-Cola’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. As a group, sell-side analysts predict that The Coca-Cola Co will post 2.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.40%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.39. The Coca-Cola’s payout ratio is currently 76.92%.

In other news, insider Beatriz R. Perez sold 21,742 shares of The Coca-Cola stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $48.76, for a total value of $1,060,139.92. Following the transaction, the insider now directly owns 92,645 shares of the company’s stock, valued at $4,517,370.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of The Coca-Cola stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $48.50, for a total transaction of $485,000.00. Following the completion of the transaction, the senior vice president now directly owns 92,645 shares in the company, valued at $4,493,282.50. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

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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 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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