The Bank of The West Reduces Position in The Coca-Cola Co (KO)

The Bank of The West Reduces Position in The Coca-Cola Co (KO)

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in The Coca-Cola by 2.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,062,203 shares of the company’s stock worth $383,512,000 after buying an additional 184,924 shares during the period. Aviance Capital Management LLC boosted its position in The Coca-Cola by 48.3% in the third quarter. Aviance Capital Management LLC now owns 397,203 shares of the company’s stock worth $16,810,000 after buying an additional 129,435 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in The Coca-Cola by 0.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,782,106 shares of the company’s stock worth $117,739,000 after buying an additional 23,242 shares during the period. Bailard Inc. boosted its position in The Coca-Cola by 28.8% in the third quarter. Bailard Inc. now owns 13,869 shares of the company’s stock worth $587,000 after buying an additional 3,105 shares during the period. Finally, Korea Investment CORP boosted its position in The Coca-Cola by 5.0% in the third quarter. Korea Investment CORP now owns 2,424,209 shares of the company’s stock worth $102,593,000 after buying an additional 114,424 shares during the period. Institutional investors own 63.88% of the company’s stock.

Bank of The West decreased its position in The Coca-Cola Co (NYSE:KO) by 14.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 69,537 shares of the company’s stock after selling 11,763 shares during the period. Bank of The West’s holdings in The Coca-Cola were worth $2,952,000 at the end of the most recent reporting period.

The Coca-Cola Co (NYSE KO) opened at 45.89 on Monday. The Coca-Cola Co has a 1-year low of $39.88 and a 1-year high of $46.01. The firm has a 50-day moving average of $43.92 and a 200 day moving average of $42.23. The firm has a market cap of $196.07 billion, a P/E ratio of 32.29 and a beta of 0.69.

The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 25th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.85 billion. The Coca-Cola had a return on equity of 32.94% and a net margin of 15.59%. The Coca-Cola’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. On average, analysts predict that The Coca-Cola Co will post $1.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, June 13th. The Coca-Cola’s payout ratio is currently 93.33%. A number of research firms have recently weighed in on KO. Morningstar, Inc. reaffirmed a “neutral” rating on shares of The Coca-Cola in a research report on Monday, May 29th. Morgan Stanley set a $45.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Monday, May 29th. Barclays PLC set a $45.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a research report on Monday, May 29th. Credit Suisse Group AG raised The Coca-Cola from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $44.00 to $49.00 in a research report on Wednesday, April 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Monday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.54.

In other news, insider Irial Finan sold 354,146 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the completion of the sale, the insider now owns 780,258 shares of the company’s stock, valued at approximately $35,111,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Alexander Douglas, Jr. sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $43.25, for a total transaction of $951,500.00. Following the completion of the sale, the insider now directly owns 319,436 shares of the company’s stock, valued at approximately $13,815,607. The disclosure for this sale can be found here. Insiders sold a total of 463,946 shares of company stock valued at $20,701,224 in the last three months. Insiders own 1.54% of the company’s stock. About The Coca-Cola

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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