AGF Investments Inc. Sells 9,169 Shares of The Coca-Cola Co (KO)

AGF Investments Inc. trimmed its holdings in The Coca-Cola Co (NYSE:KO) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,495 shares of the company’s stock after selling 9,169 shares during the period. AGF Investments Inc.’s holdings in The Coca-Cola were worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reynders McVeigh Capital Management LLC boosted its position in The Coca-Cola by 0.9% during the third quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock valued at $1,061,000 after acquiring an additional 213 shares during the last quarter. Cordasco Financial Network raised its holdings in shares of The Coca-Cola by 26.1% during the fourth quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after purchasing an additional 214 shares during the period. Windsor Group LTD raised its holdings in shares of The Coca-Cola by 1.7% during the fourth quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock valued at $647,000 after purchasing an additional 222 shares during the period. United Capital Management of KS Inc. raised its holdings in shares of The Coca-Cola by 2.3% during the fourth quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock valued at $474,000 after purchasing an additional 229 shares during the period. Finally, We Are One Seven LLC lifted its stake in The Coca-Cola by 3.2% in the 4th quarter. We Are One Seven LLC now owns 7,648 shares of the company’s stock worth $361,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 67.83% of the company’s stock.

NYSE KO traded up $0.20 during trading hours on Friday, reaching $47.48. 12,167,116 shares of the company’s stock traded hands, compared to its average volume of 10,924,094. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $50.84. The stock has a market cap of $202.55 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.05 and a quick ratio of 0.95.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Thursday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the company posted $0.39 EPS. The Coca-Cola’s revenue was down 5.5% on a year-over-year basis. Research analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.40 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.37%. The Coca-Cola’s payout ratio is 76.92%.

KO has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, January 8th. Royal Bank of Canada restated a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research report on Wednesday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $51.00 price objective on shares of The Coca-Cola in a research report on Thursday, February 14th. Goldman Sachs Group restated a “neutral” rating and set a $47.00 price objective on shares of The Coca-Cola in a research report on Thursday, February 14th. Finally, Citigroup cut shares of The Coca-Cola from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $56.00 to $50.00 in a research report on Thursday, February 14th. Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.60.

In other news, insider Beatriz R. Perez sold 21,742 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $48.50, for a total transaction of $485,000.00. Following the transaction, the senior vice president now directly owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

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The Coca-Cola 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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