MAI Capital Management Raises Stake in The Coca-Cola Co (KO)
MAI Capital Management grew its position in The Coca-Cola Co (NYSE:KO) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,599 shares of the company’s stock after purchasing an additional 1,054 shares during the period. MAI Capital Management’s holdings in The Coca-Cola were worth $881,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. CX Institutional acquired a new position in The Coca-Cola during the fourth quarter worth approximately $928,000. Moller Financial Services acquired a new position in shares of The Coca-Cola in the fourth quarter valued at approximately $292,000. Ancora Advisors LLC grew its position in shares of The Coca-Cola by 21.0% in the third quarter. Ancora Advisors LLC now owns 51,438 shares of the company’s stock valued at $2,377,000 after purchasing an additional 8,941 shares during the last quarter. Man Group plc grew its position in The Coca-Cola by 34.2% during the third quarter. Man Group plc now owns 617,032 shares of the company’s stock worth $28,501,000 after buying an additional 157,187 shares in the last quarter. Finally, Moody National Bank Trust Division grew its position in The Coca-Cola by 7.2% during the fourth quarter. Moody National Bank Trust Division now owns 34,209 shares of the company’s stock worth $1,620,000 after buying an additional 2,303 shares in the last quarter. Institutional investors own 65.93% of the company’s stock.
In other The Coca-Cola news, insider Beatriz R. Perez sold 21,742 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the sale, the insider now directly owns 92,645 shares in the company, valued at $4,517,370.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the transaction, the senior vice president now owns 92,645 shares of the company’s stock, valued at $4,493,282.50. The disclosure for this sale can be found here. 1.48% of the stock is owned by corporate insiders.
NYSE KO opened at $45.24 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98. The Coca-Cola Co has a fifty-two week low of $41.45 and a fifty-two week high of $50.84. The firm has a market cap of $192.99 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 3.04 and a beta of 0.53.
The Coca-Cola (NYSE:KO) last released its earnings results on Thursday, February 14th. The company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The Coca-Cola had a return on equity of 43.12% and a net margin of 8.70%. The firm had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, analysts predict that The Coca-Cola Co will post 2.08 EPS for the current fiscal year.
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The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plantbased beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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