American Economic Planning Group Inc. ADV Sells 265 Shares of The Coca-Cola Co (NYSE:KO)

American Economic Planning Group Inc. ADV decreased its holdings in shares of The Coca-Cola Co (NYSE:KO) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,359 shares of the company’s stock after selling 265 shares during the period. American Economic Planning Group Inc. ADV’s holdings in The Coca-Cola were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Nuveen Asset Management LLC boosted its holdings in The Coca-Cola by 9,580.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 32,579,854 shares of the company’s stock worth $1,658,966,000 after buying an additional 32,243,310 shares during the period. Morgan Stanley boosted its holdings in The Coca-Cola by 15.0% in the 2nd quarter. Morgan Stanley now owns 41,763,050 shares of the company’s stock worth $2,126,574,000 after buying an additional 5,449,889 shares during the period. Vanguard Group Inc. boosted its holdings in The Coca-Cola by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 308,293,644 shares of the company’s stock worth $15,698,312,000 after buying an additional 4,225,080 shares during the period. California Public Employees Retirement System boosted its holdings in The Coca-Cola by 20.9% in the 2nd quarter. California Public Employees Retirement System now owns 23,023,556 shares of the company’s stock worth $1,172,359,000 after buying an additional 3,984,190 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its holdings in The Coca-Cola by 5,235.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,696,625 shares of the company’s stock worth $169,662,000 after buying an additional 1,664,823 shares during the period. 67.48% of the stock is owned by hedge funds and other institutional investors.

KO stock traded up $0.25 during mid-day trading on Wednesday, hitting $53.83. The company had a trading volume of 7,128,766 shares, compared to its average volume of 13,449,007. The company has a market capitalization of $233.21 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 3.79 and a beta of 0.45. The Coca-Cola Co has a 12-month low of $44.25 and a 12-month high of $55.92. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $54.41 and a 200 day moving average price of $51.14.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, analysts expect that The Coca-Cola Co will post 2.1 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, September 13th. The Coca-Cola’s payout ratio is currently 76.92%.

Several research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. SunTrust Banks upped their target price on shares of The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. HSBC reaffirmed a “neutral” rating and issued a $52.00 target price on shares of The Coca-Cola in a report on Wednesday, July 24th. Finally, Deutsche Bank upped their target price on shares of The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $54.26.

In other news, insider Jennifer K. Mann sold 9,126 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $53.48, for a total transaction of $488,058.48. Following the sale, the insider now directly owns 41,175 shares in the company, valued at approximately $2,202,039. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Beatriz R. Perez sold 14,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $53.40, for a total transaction of $747,600.00. Following the sale, the senior vice president now owns 108,457 shares in the company, valued at $5,791,603.80. The disclosure for this sale can be found here. Insiders have sold a total of 429,638 shares of company stock worth $23,411,372 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based 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.

Further Reading: Special Dividends

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

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