The Coca-Cola Co (NYSE:KO) Position Decreased by ETRADE Capital Management LLC

ETRADE Capital Management LLC lowered its position in The Coca-Cola Co (NYSE:KO) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,394 shares of the company’s stock after selling 17,964 shares during the period. ETRADE Capital Management LLC’s holdings in The Coca-Cola were worth $4,233,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. grew its holdings in The Coca-Cola by 5.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,291,329 shares of the company’s stock valued at $61,144,000 after purchasing an additional 67,088 shares during the last quarter. Ffcm LLC grew its holdings in The Coca-Cola by 7.6% during the fourth quarter. Ffcm LLC now owns 146,010 shares of the company’s stock valued at $6,914,000 after purchasing an additional 10,371 shares during the last quarter. Noesis Capital Mangement Corp grew its holdings in The Coca-Cola by 6.7% during the fourth quarter. Noesis Capital Mangement Corp now owns 8,393 shares of the company’s stock valued at $397,000 after purchasing an additional 525 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in The Coca-Cola by 31.8% during the fourth quarter. Hodges Capital Management Inc. now owns 18,898 shares of the company’s stock valued at $895,000 after purchasing an additional 4,558 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in The Coca-Cola by 16.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 251,837 shares of the company’s stock valued at $11,925,000 after purchasing an additional 36,159 shares during the last quarter. Hedge funds and other institutional investors own 67.83% of the company’s stock.

Several equities analysts have commented on KO shares. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, January 8th. Royal Bank of Canada reiterated a “buy” rating and set a $56.00 price target on shares of The Coca-Cola in a report on Wednesday, February 13th. Deutsche Bank reiterated a “buy” rating and set a $53.00 price target on shares of The Coca-Cola in a report on Thursday. HSBC downgraded The Coca-Cola from a “buy” rating to a “hold” rating and lowered their price target for the company from $64.00 to $50.00 in a report on Tuesday, March 12th. They noted that the move was a valuation call. Finally, Jefferies Financial Group restated a “hold” rating and issued a $46.00 price objective on shares of The Coca-Cola in a research note on Monday, March 11th. Sixteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Hold” and a consensus price target of $50.60.

KO stock traded up $0.20 during midday trading on Friday, reaching $47.48. The stock had a trading volume of 12,167,116 shares, compared to its average volume of 10,924,094. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 1.33. The firm has a market cap of $202.55 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 3.19 and a beta of 0.52. The Coca-Cola Co has a twelve month low of $41.45 and a twelve month high of $50.84.

The Coca-Cola (NYSE:KO) last posted its earnings results on Thursday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.07 billion. The Coca-Cola had a return on equity of 43.91% and a net margin of 20.20%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. Sell-side analysts predict that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.

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

In other The Coca-Cola news, SVP Beatriz R. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the sale, the senior vice president now owns 92,645 shares in the company, valued at approximately $4,493,282.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $1,060,139.92. Following the completion of the sale, the insider now owns 92,645 shares in the company, valued at approximately $4,517,370.20. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

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About The Coca-Cola

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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