Ffcm LLC Acquires 10,371 Shares of The Coca-Cola Co (NYSE:KO)

Ffcm LLC lifted its stake in The Coca-Cola Co (NYSE:KO) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,010 shares of the company’s stock after buying an additional 10,371 shares during the period. The Coca-Cola makes up 1.0% of Ffcm LLC’s investment portfolio, making the stock its 27th largest holding. Ffcm LLC’s holdings in The Coca-Cola were worth $6,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Noesis Capital Mangement Corp grew its position in The Coca-Cola by 6.7% during the 4th quarter. Noesis Capital Mangement Corp now owns 8,393 shares of the company’s stock worth $397,000 after purchasing an additional 525 shares during the last quarter. Hodges Capital Management Inc. grew its position in The Coca-Cola by 31.8% during the 4th quarter. Hodges Capital Management Inc. now owns 18,898 shares of the company’s stock worth $895,000 after purchasing an additional 4,558 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in The Coca-Cola by 16.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 251,837 shares of the company’s stock worth $11,925,000 after purchasing an additional 36,159 shares during the last quarter. BlackRock Inc. grew its position in The Coca-Cola by 2.9% during the 4th quarter. BlackRock Inc. now owns 253,865,694 shares of the company’s stock worth $12,020,541,000 after purchasing an additional 7,272,015 shares during the last quarter. Finally, Cpwm LLC grew its position in The Coca-Cola by 3.2% during the 4th quarter. Cpwm LLC now owns 14,684 shares of the company’s stock worth $695,000 after purchasing an additional 460 shares during the last quarter. 67.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KO stock traded up $0.20 during mid-day trading on Friday, hitting $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 debt-to-equity ratio of 1.33, a quick ratio of 0.95 and a current ratio of 1.05. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.84. The stock has a market capitalization of $202.55 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 3.19 and a beta of 0.52.

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

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

In other The Coca-Cola news, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $4,517,370.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction dated 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 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 owned by company insiders.

Several brokerages have issued reports on KO. Deutsche Bank reissued a “buy” rating and set a $53.00 price objective on shares of The Coca-Cola in a research report on Thursday. Zacks Investment Research raised shares of The Coca-Cola from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Wells Fargo & Co raised their price objective on shares of The Coca-Cola from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. HSBC downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating and lowered 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, Jefferies Financial Group reissued a “hold” rating and set a $46.00 price objective on shares of The Coca-Cola in a research report on Monday, March 11th. Sixteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.60.

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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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