Lodestar Investment Counsel LLC IL Lowers Holdings in Coca-Cola Company (The) (KO)

Lodestar Investment Counsel LLC IL reduced its holdings in shares of Coca-Cola Company (The) (NYSE:KO) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 130,296 shares of the company’s stock after selling 10,459 shares during the period. Lodestar Investment Counsel LLC IL’s holdings in Coca-Cola Company (The) were worth $5,844,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Signature Estate & Investment Advisors LLC grew its position in Coca-Cola Company (The) by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. grew its position in Coca-Cola Company (The) by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after purchasing an additional 1,026 shares during the last quarter. Perkins Coie Trust Co grew its position in Coca-Cola Company (The) by 21.9% during the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Coca-Cola Company (The) by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after purchasing an additional 264 shares during the last quarter. Finally, Welch Investments LLC grew its position in Coca-Cola Company (The) by 26.5% during the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after purchasing an additional 733 shares during the last quarter. 64.68% of the stock is currently owned by institutional investors.

In other news, insider Francisco Crespo sold 7,700 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $46.01, for a total transaction of $354,277.00. Following the completion of the transaction, the insider now owns 29,943 shares in the company, valued at approximately $1,377,677.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kathy N. Waller sold 8,952 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $45.77, for a total transaction of $409,733.04. Following the transaction, the vice president now owns 109,508 shares of the company’s stock, valued at approximately $5,012,181.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,835 shares of company stock valued at $16,874,246. Insiders own 1.51% of the company’s stock.

Several brokerages have recently weighed in on KO. Vetr raised shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a report on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 target price (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Zacks Investment Research raised shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Friday, July 28th. Macquarie began coverage on shares of Coca-Cola Company (The) in a report on Friday. They issued a “neutral” rating and a $47.00 target price on the stock. Finally, BMO Capital Markets lowered their target price on shares of Coca-Cola Company (The) from $47.00 to $46.00 and set a “market perform” rating on the stock in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.85.

TRADEMARK VIOLATION WARNING: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/09/16/lodestar-investment-counsel-llc-il-lowers-holdings-in-coca-cola-company-the-ko.html.

Shares of Coca-Cola Company (KO) traded up 0.15% during trading on Friday, reaching $46.18. 16,141,413 shares of the company’s stock were exchanged. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.98. The firm has a market capitalization of $196.97 billion, a PE ratio of 48.76 and a beta of 0.71. The company’s 50-day moving average price is $45.84 and its 200 day moving average price is $44.34.

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts predict that Coca-Cola Company will post $1.90 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.

Coca-Cola Company (The) Company Profile

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)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply