Regent Investment Management LLC Sells 1000 Shares of The Coca-Cola Co (KO)

Granite Investment Advisors LLC cut its stake in The Coca-Cola Co (NYSE:KO) by 27.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Moore Gary Lee sold $1.55M worth of stock or 22,742 shares. NA's holdings in The Coca-Cola were worth $2,550,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company.

Shares of Coca-Cola European Partners PLC (NYSE:CCE) decreased -0.22% and closed at $40.85 after opening 40.92 with the overall traded volume of 836,050.00 shares. Asset Management One Co. WINTON GROUP Ltd raised its stake in shares of The Coca-Cola by 1,213.1% in the third quarter. Dubuque Retail Bank & Com has 0.6% invested in The Coca-Cola Co (NYSE:KO) for 81,713 shares. The stock's 50 day moving average price is GBX 2,186.97 and its 200 day moving average price is GBX 1,919.51. The company has a market capitalization of $192.82 billion, a PE ratio of 31.76 and a beta of 0.69. Coca-Cola Bottling Co. Consolidated has a 52 week low of $119.80 and a 52 week high of $235.78. The Coca-Cola also was the recipient of some unusual options trading on Monday. Its sales stood at 6.60% a year on average in the period of last five years. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.01. The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.85 billion. Coca-Cola Bottling Co. Consolidated had a return on equity of 16.64% and a net margin of 1.13%. They expect $0.57 earnings per share, down 5.00% or $0.03 from last year's $0.6 per share.

The company also recently declared a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Monday, May 22nd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, May 18th. Coca-Cola European Partners plc's payout ratio is now 31.98%.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & global trademark & copyright laws. The correct version of this piece of content can be read at https://www.thestockobserver.com/2017/06/08/the-coca-cola-co-ko-shares-sold-by-private-trust-co-na-updated-updated.html. Analysts monitor the topsy-turvy day-to-day movement of equities and are able to provide an unbiased assessment of the "state of the stock".

KO has been the subject of several research analyst reports. The stock of The Coca-Cola Co (NYSE:KO) earned "Market Perform" rating by Wells Fargo on Thursday, January 19. They noted that the move was a valuation call. Sanford C. Bernstein set a $47.00 target price on shares of The Coca-Cola and gave the company a "buy" rating in a research report on Friday, February 10th. Finally, Vetr raised shares of The Coca-Cola from a "hold" rating to a "buy" rating and set a $44.81 price target for the company in a report on Monday, April 24th. Stock has got OUTPERFORM rating from 5 analyst of Thomson Reuters, 3 analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating. The company presently has an average rating of "Hold" and a consensus target price of $44.53. The shares were bought at an average cost of GBX 1,988 ($25.54) per share, for a total transaction of £1,968.12 ($2,528.09). Following the completion of the sale, the insider now directly owns 149,185 shares in the company, valued at $6,479,104.55.

  • Zachary Reyes