Paragon Capital Management Ltd Acquires Shares of 36,821 Coca-Cola Company (The) (NYSE:KO)

Paragon Capital Management Ltd purchased a new stake in shares of Coca-Cola Company (The) (NYSE:KO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,821 shares of the company’s stock, valued at approximately $1,563,000. Coca-Cola Company (The) comprises approximately 0.7% of Paragon Capital Management Ltd’s investment portfolio, making the stock its 20th largest position.

Several other large investors have also bought and sold shares of KO. Welch Investments LLC purchased a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at approximately $115,000. Mandatum Life Insurance Co Ltd raised its position in Coca-Cola Company (The) by 7.1% in the fourth quarter. Mandatum Life Insurance Co Ltd now owns 52,526 shares of the company’s stock valued at $2,178,000 after buying an additional 3,501 shares in the last quarter. Haverford Trust Co. raised its position in Coca-Cola Company (The) by 1.9% in the fourth quarter. Haverford Trust Co. now owns 1,742,772 shares of the company’s stock valued at $72,255,000 after buying an additional 31,876 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Coca-Cola Company (The) by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,972,391 shares of the company’s stock valued at $372,007,000 after buying an additional 390,202 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Coca-Cola Company (The) by 1.6% in the fourth quarter. Private Advisor Group LLC now owns 204,376 shares of the company’s stock valued at $8,390,000 after buying an additional 3,152 shares in the last quarter. 63.94% of the stock is owned by institutional investors.

Shares of Coca-Cola Company (KO) opened at 44.73 on Tuesday. The company’s 50 day moving average price is $44.99 and its 200-day moving average price is $42.80. The stock has a market capitalization of $191.11 billion, a P/E ratio of 31.48 and a beta of 0.69. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.06.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Tuesday, April 25th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by $0.01. The company had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.85 billion. Coca-Cola Company (The) had a return on equity of 33.17% and a net margin of 15.30%. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. Equities analysts predict that Coca-Cola Company will post $1.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.31%. Coca-Cola Company (The)’s payout ratio is presently 103.50%.

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A number of analysts have recently weighed in on KO shares. Vetr upgraded Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price for the company in a research note on Monday, April 24th. Credit Suisse Group restated a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a report on Thursday, April 27th. Zacks Investment Research upgraded Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday, April 21st. Wells Fargo & Company reiterated a “market perform” rating and set a $43.00 price objective on shares of Coca-Cola Company (The) in a report on Friday, April 28th. Finally, Morgan Stanley lifted their price objective on Coca-Cola Company (The) from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. Coca-Cola Company (The) has a consensus rating of “Hold” and an average target price of $45.17.

In other Coca-Cola Company (The) news, insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total value of $1,323,546.40. Following the completion of the sale, the insider now owns 118,000 shares of the company’s stock, valued at $5,333,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Irial Finan sold 354,146 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total transaction of $15,936,570.00. Following the transaction, the insider now directly owns 780,258 shares in the company, valued at $35,111,610. The disclosure for this sale can be found here. Insiders sold a total of 493,228 shares of company stock valued at $22,024,770 in the last quarter. 1.51% of the stock is currently owned by company insiders.

About Coca-Cola Company (The)

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.

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

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