The Coca-Cola Company (NYSE:KO) Holdings Boosted by Atwater Malick LLC

Atwater Malick LLC boosted its holdings in The Coca-Cola Company (NYSE:KO) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,020 shares of the company’s stock after acquiring an additional 3,223 shares during the period. Coca-Cola comprises about 3.0% of Atwater Malick LLC’s investment portfolio, making the stock its 19th biggest holding. Atwater Malick LLC’s holdings in Coca-Cola were worth $5,720,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Security National Bank increased its stake in shares of Coca-Cola by 5.6% in the third quarter. Security National Bank now owns 23,434 shares of the company’s stock valued at $1,230,000 after purchasing an additional 1,250 shares during the period. Canton Hathaway LLC increased its stake in shares of Coca-Cola by 28.1% in the third quarter. Canton Hathaway LLC now owns 3,370 shares of the company’s stock valued at $177,000 after purchasing an additional 740 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in shares of Coca-Cola by 8.9% in the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 9,809 shares of the company’s stock valued at $515,000 after purchasing an additional 800 shares during the period. Stock Yards Bank & Trust Co. increased its stake in shares of Coca-Cola by 4.2% in the third quarter. Stock Yards Bank & Trust Co. now owns 83,893 shares of the company’s stock valued at $4,402,000 after purchasing an additional 3,390 shares during the period. Finally, Winthrop Advisory Group LLC acquired a new stake in shares of Coca-Cola in the third quarter valued at approximately $209,000. 66.59% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola stock traded down $0.45 during mid-day trading on Thursday, hitting $55.43. The company’s stock had a trading volume of 12,598,154 shares, compared to its average volume of 15,400,156. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $239.43 billion, a P/E ratio of 27.17, a P/E/G ratio of 3.45 and a beta of 0.66. The Coca-Cola Company has a twelve month low of $48.11 and a twelve month high of $57.56. The stock’s fifty day moving average price is $54.87 and its two-hundred day moving average price is $55.36.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, October 26th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.72 billion. Coca-Cola had a net margin of 23.31% and a return on equity of 44.22%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. Equities analysts expect that The Coca-Cola Company will post 2.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, November 30th. Coca-Cola’s dividend payout ratio is 82.35%.

In other Coca-Cola news, SVP Nancy Quan sold 18,206 shares of Coca-Cola stock in a transaction on Friday, November 5th. The shares were sold at an average price of $56.82, for a total transaction of $1,034,464.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brian John Smith sold 37,000 shares of Coca-Cola stock in a transaction on Friday, November 5th. The shares were sold at an average price of $56.64, for a total transaction of $2,095,680.00. The disclosure for this sale can be found here. Insiders sold a total of 73,170 shares of company stock valued at $4,135,496 in the last ninety days. Company insiders own 1.01% of the company’s stock.

KO has been the topic of several analyst reports. Credit Suisse Group set a $63.00 price target on shares of Coca-Cola in a research note on Thursday, October 28th. Evercore ISI restated a “buy” rating on shares of Coca-Cola in a research note on Tuesday, November 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Coca-Cola from $60.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, October 15th. JPMorgan Chase & Co. set a $59.00 price objective on shares of Coca-Cola in a research note on Thursday, October 28th. Finally, Royal Bank of Canada raised their price objective on shares of Coca-Cola from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, October 28th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Coca-Cola presently has an average rating of “Buy” and an average price target of $61.44.

Coca-Cola Profile

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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

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