Coca-Cola Company (The) (KO) Shares Bought by First Houston Capital Inc.

First Houston Capital Inc. increased its position in Coca-Cola Company (The) (NYSE:KO) by 42.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,100 shares of the company’s stock after buying an additional 3,000 shares during the quarter. First Houston Capital Inc.’s holdings in Coca-Cola Company (The) were worth $453,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KO. Cambridge Advisors Inc. lifted its holdings in shares of Coca-Cola Company (The) by 0.3% during the second quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock valued at $365,000 after purchasing an additional 26 shares during the last quarter. Alpha Windward LLC lifted its holdings in shares of Coca-Cola Company (The) by 0.4% during the second quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock valued at $345,000 after purchasing an additional 34 shares during the last quarter. Lyell Wealth Management LP lifted its holdings in shares of Coca-Cola Company (The) by 0.6% during the second quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock valued at $359,000 after purchasing an additional 50 shares during the last quarter. Regentatlantic Capital LLC lifted its holdings in shares of Coca-Cola Company (The) by 0.4% during the second quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock valued at $710,000 after purchasing an additional 64 shares during the last quarter. Finally, Vigilant Capital Management LLC lifted its holdings in shares of Coca-Cola Company (The) by 1.9% during the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 64.92% of the company’s stock.

Shares of Coca-Cola Company (KO) opened at $46.55 on Friday. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $47.48. The firm has a market capitalization of $199,441.83, a P/E ratio of 24.77, a P/E/G ratio of 3.96 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

Coca-Cola Company (The) (NYSE:KO) last announced its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. equities analysts forecast that Coca-Cola Company will post 1.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.18%. Coca-Cola Company (The)’s dividend payout ratio is currently 140.95%.

In other Coca-Cola Company (The) news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the sale, the insider now owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.51% of the stock is currently owned by company insiders.

KO has been the subject of several analyst reports. Zacks Investment Research downgraded Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Credit Suisse Group reaffirmed a “buy” rating and set a $49.00 target price on shares of Coca-Cola Company (The) in a report on Monday, July 24th. Susquehanna Bancshares Inc set a $39.00 price target on Coca-Cola Company (The) and gave the company a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Thursday, July 27th. Finally, UBS AG upped their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.54.

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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.

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

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