WESPAC Advisors LLC bought a new stake in shares of Coca-Cola Company (The) (NYSE:KO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 5,102 shares of the company’s stock, valued at approximately $229,000.

Several other institutional investors have also modified their holdings of the business. Summit Financial Group Inc. bought a new stake in shares of Coca-Cola in the 2nd quarter valued at $2,779,000. Global X Management Co. LLC increased its holdings in Coca-Cola by 6.0% during the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock worth $9,966,000 after purchasing an additional 12,513 shares in the last quarter. BB&T Corp increased its holdings in Coca-Cola by 9.5% during the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock worth $40,980,000 after purchasing an additional 78,932 shares in the last quarter. Keystone Financial Planning Inc. increased its holdings in Coca-Cola by 2.1% during the 1st quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock worth $5,111,000 after purchasing an additional 2,465 shares in the last quarter. Finally, Rothschild Investment Corp IL increased its holdings in Coca-Cola by 1.3% during the 2nd quarter. Rothschild Investment Corp IL now owns 53,661 shares of the company’s stock worth $2,407,000 after purchasing an additional 681 shares in the last quarter. Institutional investors own 65.38% of the company’s stock.

Shares of Coca-Cola Company (NYSE KO) traded up $0.19 during trading hours on Thursday, reaching $46.45. 8,153,900 shares of the company traded hands, compared to its average volume of 11,498,164. Coca-Cola Company has a twelve month low of $40.22 and a twelve month high of $47.48. The firm has a market cap of $197,098.45, a P/E ratio of 24.48, a P/E/G ratio of 3.91 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30.

Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. equities research analysts anticipate that Coca-Cola Company will post 1.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.37 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.19%. Coca-Cola’s dividend payout ratio (DPR) is 140.95%.

A number of equities analysts have issued reports on the company. Susquehanna Bancshares set a $41.00 target price on Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group set a $45.00 price objective on shares of Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, November 15th. J P Morgan Chase & Co set a $49.00 price objective on shares of Coca-Cola and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Wells Fargo & Company upgraded shares of Coca-Cola from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $46.72 to $51.00 in a research note on Tuesday, November 14th. Finally, Royal Bank Of Canada set a $49.00 price objective on shares of Coca-Cola and gave the stock a “buy” rating in a research note on Sunday, November 12th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Coca-Cola presently has a consensus rating of “Hold” and an average price target of $47.80.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.51% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “WESPAC Advisors LLC Takes Position in Coca-Cola Company (The) (KO)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/12/07/wespac-advisors-llc-takes-position-in-coca-cola-company-the-ko.html.

Coca-Cola Company Profile

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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Company (The) (NYSE:KO).

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

Receive News & Stock Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related stocks with our FREE daily email newsletter.