The Coca-Cola Co (NYSE:KO) is Symons Capital Management Inc.’s 10th Largest Position

Symons Capital Management Inc. decreased its position in shares of The Coca-Cola Co (NYSE:KO) by 38.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,976 shares of the company’s stock after selling 80,793 shares during the period. The Coca-Cola accounts for 3.3% of Symons Capital Management Inc.’s holdings, making the stock its 10th biggest position. Symons Capital Management Inc.’s holdings in The Coca-Cola were worth $7,130,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KO. Krane Funds Advisors LLC purchased a new position in shares of The Coca-Cola in the second quarter worth $25,000. LFA Lugano Financial Advisors SA raised its holdings in shares of The Coca-Cola by 348.8% in the second quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock worth $28,000 after buying an additional 429 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of The Coca-Cola in the second quarter worth $36,000. Candriam Luxembourg S.C.A. raised its holdings in shares of The Coca-Cola by 1.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock worth $37,000 after buying an additional 6,373 shares during the last quarter. Finally, KCS Wealth Advisory purchased a new position in shares of The Coca-Cola in the third quarter worth $41,000. 67.32% of the stock is owned by institutional investors.

A number of research firms have issued reports on KO. HSBC reaffirmed a “neutral” rating and issued a $52.00 price target on shares of The Coca-Cola in a report on Wednesday, July 24th. Guggenheim set a $59.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Friday, October 18th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $60.00 price target on shares of The Coca-Cola in a report on Wednesday, July 24th. ValuEngine cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Bank of America reaffirmed a “buy” rating and issued a $60.00 price target (up previously from $55.00) on shares of The Coca-Cola in a report on Wednesday, July 24th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $55.95.

Shares of NYSE:KO traded down $0.08 during midday trading on Friday, reaching $52.21. The company’s stock had a trading volume of 6,997,608 shares, compared to its average volume of 13,198,850. The firm has a market capitalization of $224.59 billion, a PE ratio of 25.10, a P/E/G ratio of 3.65 and a beta of 0.46. The Coca-Cola Co has a twelve month low of $44.42 and a twelve month high of $55.92. The stock has a fifty day moving average of $53.85 and a 200 day moving average of $52.23. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.

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The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.42 billion. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. Sell-side analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.06%. The Coca-Cola’s payout ratio is currently 76.92%.

In related news, SVP Francisco Crespo sold 130,637 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $55.15, for a total transaction of $7,204,630.55. Following the sale, the senior vice president now owns 139,975 shares in the company, valued at $7,719,621.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 146,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the sale, the insider now owns 244,451 shares in the company, valued at approximately $13,276,133.81. The disclosure for this sale can be found here. Insiders sold 403,026 shares of company stock worth $22,037,406 in the last quarter. Company insiders own 1.33% of the company’s stock.

The Coca-Cola 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.

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

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