Trade Report: Today, Coca-Cola Co. (KO) Stake Held by Bonness Enterprises Inc.

Today, Coca-Cola Co. (KO) Stake Held by Bonness Enterprises Inc.

Bonness Enterprises Inc. continued to hold its stake in shares of Coca-Cola Co. (NYSE:KO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,600 shares of the company’s stock at the end of the third quarter. Coca-Cola comprises 1.3% of Bonness Enterprises Inc.’s investment portfolio, making the stock its 29th largest position. Bonness Enterprises Inc.’s holdings in Coca-Cola were worth $1,591,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KO. New England Private Wealth Advisors LLC raised its position in shares of Coca-Cola by 0.5% in the second quarter. New England Private Wealth Advisors LLC now owns 5,358 shares of the company’s stock worth $242,000 after buying an additional 25 shares during the last quarter. RFG Advisory Group LLC raised its position in shares of Coca-Cola by 0.7% in the second quarter. RFG Advisory Group LLC now owns 4,709 shares of the company’s stock worth $213,000 after buying an additional 32 shares during the last quarter. Confluence Wealth Management LLC raised its position in shares of Coca-Cola by 0.7% in the second quarter. Confluence Wealth Management LLC now owns 4,446 shares of the company’s stock worth $202,000 after buying an additional 33 shares during the last quarter. Verus Financial Partners Inc. raised its position in shares of Coca-Cola by 0.5% in the second quarter. Verus Financial Partners Inc. now owns 7,759 shares of the company’s stock worth $352,000 after buying an additional 41 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Coca-Cola by 0.7% in the second quarter. Sunbelt Securities Inc. now owns 7,329 shares of the company’s stock worth $332,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 62.83% of the company’s stock.

Coca-Cola Co. (NYSE:KO) traded up 0.53% during trading on Monday, reaching $41.75. 19,424,412 shares of the company’s stock traded hands. The company has a market cap of $180.07 billion, a PE ratio of 25.32 and a beta of 0.68. Coca-Cola Co. has a 12-month low of $40.63 and a 12-month high of $47.13. The company has a 50 day moving average price of $41.80 and a 200-day moving average price of $43.49.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 16.99% and a return on equity of 32.47%. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.47 billion. During the same period in the prior year, the business posted $0.51 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Coca-Cola Co. will post $1.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 3.35%. Coca-Cola’s dividend payout ratio is currently 84.85%.

A number of research analysts recently commented on the stock. Vetr raised shares of Coca-Cola from a “buy” rating to a “strong-buy” rating and set a $46.09 price target for the company in a report on Thursday, November 10th. TheStreet downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 price target (up previously from $45.00) on shares of Coca-Cola in a report on Thursday, October 27th. Goldman Sachs Group Inc. set a $44.00 price target on shares of Coca-Cola and gave the company a “neutral” rating in a report on Tuesday, October 25th. Finally, RBC Capital Markets set a $49.00 price target on shares of Coca-Cola and gave the company a “buy” rating in a report on Thursday, October 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.90.

In other news, VP Kathy N. Waller sold 36,342 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total value of $1,528,544.52. Following the transaction, the vice president now directly owns 104,345 shares in the company, valued at approximately $4,388,750.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.54% of the stock is currently owned by insiders.

Coca-Cola Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.

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