Manchester Capital Management LLC increased its holdings in The Coca-Cola by 19.9% in the fourth quarter. BofA/Merrill analysts look bearish on the stock as they dropped rating from Buy to Neutral.
A number of other large investors have also modified their holdings of the stock. Calamos Advisors LLC now owns 1,660,216 shares of the company's stock valued at $74,726,000 after buying an additional 84,539 shares during the last quarter. Boston Partners now owns 11,303,329 shares of the company's stock worth $450,438,000 after acquiring an additional 789,615 shares during the period. Boston Partners increased its position in Coca-Cola European Partners by 7.5% during the fourth quarter. 53,464 shares or 8.98% less from 58,740 shares in 2017Q3 were reported. ARGI Investment Services LLC increased its stake in shares of Coca-Cola European Partners plc by 34.7% in the second quarter. It also reduced its holding in Nvidia Corp (NASDAQ:NVDA) by 2,000 shares in the quarter, leaving it with 36,643 shares, and cut its stake in Take (NASDAQ:TTWO). Zacks Investment Research raised shares of Coca-Cola European Partners plc from a sell rating to a hold rating in a research report on Friday, January 13th. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 284,276,178 shares of the stock are valued at $12.52 billion.
In total 11 analysts cover Coca-Cola (NYSE:KO). Westside Investment Management Inc. now owns 4,163 shares of the company's stock worth $185,000 after purchasing an additional 107 shares during the last quarter. Moreover, Gendell Jeffrey L has 6.38% invested in the company for 1.77 million shares.
KO has been the subject of a number of recent analyst reports. Barclays restated a "neutral" rating and set a $45.00 target price on shares of The Coca-Cola in a report on Thursday, March 15th. Gabelli downgraded the stock to "Buy" rating in Friday, August 7 report. Rating Scale; where 1.0 rating mean Strong Buy, 2.0 rating signifies Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The company was maintained on Tuesday, October 17 by Jefferies.
In other news, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction dated Tuesday, January 16th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. BlackRock Inc. now owns 4,204,170 shares of the company's stock worth $167,539,000 after acquiring an additional 2,317,252 shares during the period. Following the completion of the sale, the insider now directly owns 98,995 shares in the company, valued at $4,454,775. The disclosure for this sale can be found here. The company has managed to keep price to sales ratio of 5.36.
ATR value of company was 0.65. About 10.77 million shares traded. 1,883 The Coca-Cola Company (NYSE:KO) shs with value of $84,735 were sold by MANN JENNIFER K. $719,250 worth of The Coca-Cola Company (NYSE:KO) shs were sold by LONG ROBERT EDWARD. The Coca-Cola has a 12-month low of $42.19 and a 12-month high of $48.62. The stock has a market cap of $187,827.83, a PE ratio of 23.30, a price-to-earnings-growth ratio of 2.55 and a beta of 0.72. Wallace Capital Mngmt has 1.02% invested in The Coca-Cola Company (NYSE:KO) for 146,698 shares. Copeland Capital Mgmt Ltd Company reported 0.44% of its portfolio in American Tower Corporation (NYSE:REIT). The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. Notwithstanding that, the firm is seeing a foremost top-line progress, with their year-over-year quarterly revenue decreasing by -20.20%.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Beach Invest Counsel Pa reported 15,916 shares. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 0.81. The stock now provides a dividend yield of 3.50% for the Consumer Goods company. The ex-dividend date was Wednesday, March 14th. The Coca-Cola's payout ratio is 81.68%.
What to Expect From The Coca-Cola Company (KO) in Coming 5 Years? . If you are accessing this news story on another domain, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright laws. The Company's sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters. 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.