Trading Report: The Stillwater Investment Management LLC invests in Coca-Cola Co. (KO) Shares

The Stillwater Investment Management LLC invests in Coca-Cola Co. (KO) Shares

Stillwater Investment Management LLC increased its position in Coca-Cola Co. (NYSE:KO) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 40,006 shares of the company’s stock after buying an additional 303 shares during the period. Stillwater Investment Management LLC’s holdings in Coca-Cola were worth $1,693,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of Coca-Cola by 444.7% in the second quarter. Franklin Resources Inc. now owns 7,849,538 shares of the company’s stock valued at $355,819,000 after buying an additional 6,408,420 shares during the period. Vanguard Group Inc. boosted its position in shares of Coca-Cola by 2.0% in the second quarter. Vanguard Group Inc. now owns 273,897,295 shares of the company’s stock valued at $12,415,764,000 after buying an additional 5,478,675 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Coca-Cola during the second quarter valued at about $233,278,000. Janus Capital Management LLC boosted its position in shares of Coca-Cola by 40.9% in the second quarter. Janus Capital Management LLC now owns 13,411,916 shares of the company’s stock valued at $607,938,000 after buying an additional 3,891,114 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in shares of Coca-Cola by 128.8% in the second quarter. 1832 Asset Management L.P. now owns 6,166,040 shares of the company’s stock valued at $468,114,000 after buying an additional 3,470,779 shares during the period. Institutional investors and hedge funds own 63.66% of the company’s stock.

Coca-Cola Co. (NYSE:KO) traded up 1.00% during mid-day trading on Friday, reaching $41.53. 7,402,652 shares of the company were exchanged. The company has a market capitalization of $179.12 billion, a PE ratio of 25.18 and a beta of 0.68. The stock has a 50-day moving average price of $41.80 and a 200 day moving average price of $43.55. Coca-Cola Co. has a one year low of $40.63 and a one year high of $47.13.

Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 26th. The company reported $0.49 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $10.47 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts predict that Coca-Cola Co. will post $1.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, November 29th. Coca-Cola’s dividend payout ratio (DPR) is presently 84.85%.

Several brokerages have issued reports on KO. Vetr upgraded 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 research report on Thursday, November 10th. TheStreet cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Jefferies Group restated a “hold” rating and issued a $46.00 price target (up from $45.00) on shares of Coca-Cola in a research 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 research 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 research report on Thursday, October 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $46.90.

In other news, VP Kathy N. Waller sold 36,342 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $42.06, for a total transaction of $1,528,544.52. Following the sale, the vice president now 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 link. Insiders own 1.54% of the company’s stock.

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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