Coca-Cola Company (The) (KO) Shares Bought by Compagnie Lombard Odier SCmA
Compagnie Lombard Odier SCmA grew its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 802,389 shares of the company’s stock after buying an additional 23,090 shares during the period. Coca-Cola accounts for 1.2% of Compagnie Lombard Odier SCmA’s investment portfolio, making the stock its 17th biggest position. Compagnie Lombard Odier SCmA’s holdings in Coca-Cola were worth $35,988,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in KO. Advisor Partners LLC increased its position in Coca-Cola by 10.2% during the first quarter. Advisor Partners LLC now owns 51,575 shares of the company’s stock worth $2,189,000 after buying an additional 4,766 shares in the last quarter. GFS Advisors LLC increased its position in Coca-Cola by 12.0% during the first quarter. GFS Advisors LLC now owns 64,744 shares of the company’s stock worth $2,748,000 after buying an additional 6,943 shares in the last quarter. Sfmg LLC increased its position in Coca-Cola by 2.2% during the first quarter. Sfmg LLC now owns 11,485 shares of the company’s stock worth $487,000 after buying an additional 252 shares in the last quarter. Welch Investments LLC boosted its holdings in shares of Coca-Cola by 26.5% during the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after purchasing an additional 733 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Coca-Cola by 25.2% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,189,749 shares of the company’s stock worth $50,493,000 after purchasing an additional 239,362 shares during the last quarter. 65.38% of the stock is owned by institutional investors.
Shares of Coca-Cola Company (NYSE:KO) traded down $0.47 during trading on Monday, reaching $45.31. The company had a trading volume of 13,238,500 shares, compared to its average volume of 11,495,414. Coca-Cola Company has a 52-week low of $40.22 and a 52-week high of $47.48. The firm has a market capitalization of $193,050.83, a PE ratio of 23.97, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola’s payout ratio is currently 140.95%.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of Coca-Cola stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.51% of the stock is currently owned by company insiders.
Several research firms have recently issued reports on KO. Susquehanna Bancshares set a $41.00 price objective 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 Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. J P Morgan Chase & Co set a $49.00 price objective on Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, November 16th. Wells Fargo & Company upgraded Coca-Cola from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $46.72 to $51.00 in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada set a $49.00 price objective on Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. Coca-Cola presently has a consensus rating of “Hold” and an average target price of $47.80.
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.
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.