Coca-Cola Company (The) (KO) Shares Bought by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. grew its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,463 shares of the company’s stock after purchasing an additional 4,656 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Coca-Cola Company (The) were worth $4,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KO. Signature Estate & Investment Advisors LLC raised its holdings in Coca-Cola Company (The) by 5.0% during the first 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 in the last quarter. Meeder Asset Management Inc. raised its holdings in Coca-Cola Company (The) by 59.4% during the second 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 in the last quarter. SRS Capital Advisors Inc. raised its holdings in Coca-Cola Company (The) by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after purchasing an additional 264 shares in the last quarter. Perkins Coie Trust Co raised its holdings in Coca-Cola Company (The) by 21.9% during the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares in the last quarter. Finally, Welch Investments LLC raised its holdings in Coca-Cola Company (The) by 26.5% during the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after purchasing an additional 733 shares in the last quarter. 64.62% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the stock. BidaskClub cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Cowen and Company reissued a “hold” rating and set a $42.00 price objective on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.39.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/coca-cola-company-the-ko-shares-bought-by-sumitomo-life-insurance-co.html.

Shares of Coca-Cola Company (KO) opened at 45.41 on Tuesday. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98. The firm has a 50-day moving average price of $45.68 and a 200-day moving average price of $44.75. The firm has a market cap of $193.69 billion, a P/E ratio of 47.95 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities research analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.37 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. Coca-Cola Company (The)’s payout ratio is 154.17%.

In other news, insider Brian John Smith sold 100,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total value of $4,610,000.00. Following the completion of the transaction, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the senior vice president now directly owns 98,718 shares of the company’s stock, valued at approximately $4,54

A number of other hedge funds also recently added to or reduced their stakes in KO. Signature Estate & Investment Advisors LLC raised its holdings in Coca-Cola Company (The) by 5.0% during the first 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 in the last quarter. Meeder Asset Management Inc. raised its holdings in Coca-Cola Company (The) by 59.4% during the second 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 in the last quarter. SRS Capital Advisors Inc. raised its holdings in Coca-Cola Company (The) by 8.6% during the first quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after purchasing an additional 264 shares in the last quarter. Perkins Coie Trust Co raised its holdings in Coca-Cola Company (The) by 21.9% during the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares in the last quarter. Finally, Welch Investments LLC raised its holdings in Coca-Cola Company (The) by 26.5% during the first quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after purchasing an additional 733 shares in the last quarter. 64.62% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the stock. BidaskClub cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research cut shares of Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Coca-Cola Company (The) in a report on Friday, July 14th. Cowen and Company reissued a “hold” rating and set a $42.00 price objective on shares of Coca-Cola Company (The) in a report on Thursday, August 24th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola Company (The) in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.39.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/coca-cola-company-the-ko-shares-bought-by-sumitomo-life-insurance-co.html.

Shares of Coca-Cola Company (KO) opened at 45.41 on Tuesday. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.98. The firm has a 50-day moving average price of $45.68 and a 200-day moving average price of $44.75. The firm has a market cap of $193.69 billion, a P/E ratio of 47.95 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities research analysts expect that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.37 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. Coca-Cola Company (The)’s payout ratio is 154.17%.

In other news, insider Brian John Smith sold 100,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total value of $4,610,000.00. Following the completion of the transaction, the insider now owns 136,385 shares of the company’s stock, valued at $6,287,348.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the senior vice president now directly owns 98,718 shares of the company’s stock, valued at approximately $4,541,028. The disclosure for this sale can be found here. In the last three months, insiders sold 366,835 shares of company stock valued at $16,874,246. Company insiders own 1.51% of the company’s stock.

Coca-Cola Company (The) 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.

Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Company (The) (NYSE:KO).

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