FineMark National Bank & Trust Sells 8,571 Shares of The Coca-Cola Co (KO)

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FineMark National Bank & Trust trimmed its holdings in The Coca-Cola Co (NYSE:KO) by 4.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 181,755 shares of the company’s stock after selling 8,571 shares during the quarter. FineMark National Bank & Trust’s holdings in The Coca-Cola were worth $8,395,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KO. C WorldWide Group Holding A S lifted its stake in shares of The Coca-Cola by 873.0% in the second quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock valued at $334,692,000 after buying an additional 6,846,641 shares in the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of The Coca-Cola in the second quarter valued at $206,654,000. Natixis lifted its position in shares of The Coca-Cola by 218.3% during the second quarter. Natixis now owns 4,080,146 shares of the company’s stock valued at $178,955,000 after purchasing an additional 2,798,257 shares in the last quarter. Bank of Montreal Can lifted its position in shares of The Coca-Cola by 47.4% during the third quarter. Bank of Montreal Can now owns 5,934,198 shares of the company’s stock valued at $274,099,000 after purchasing an additional 1,907,604 shares in the last quarter. Finally, Unigestion Holding SA bought a new position in shares of The Coca-Cola during the second quarter valued at about $78,078,000. 65.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on KO. Citigroup set a $56.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Friday. Macquarie set a $50.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday. Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Tuesday, November 6th. Jefferies Financial Group raised their price target on shares of The Coca-Cola from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, October 31st. Finally, HSBC reissued a “buy” rating and set a $64.00 price target on shares of The Coca-Cola in a research report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.43.

Shares of KO stock opened at $49.68 on Friday. The stock has a market capitalization of $210.44 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 3.23 and a beta of 0.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $49.89.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.20 billion. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Research analysts predict that The Coca-Cola Co will post 2.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 29th. The Coca-Cola’s dividend payout ratio is 81.68%.

In other The Coca-Cola news, SVP Beatriz R. Perez sold 10,000 shares of The Coca-Cola stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total value of $479,800.00. Following the sale, the senior vice president now owns 92,645 shares of the company’s stock, valued at $4,445,107.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James L. Dinkins sold 8,754 shares of The Coca-Cola stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total transaction of $411,000.30. Following the completion of the sale, the senior vice president now directly owns 28,354 shares in the company, valued at approximately $1,331,220.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,354 shares of company stock worth $8,559,188. Insiders own 1.48% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “FineMark National Bank & Trust Sells 8,571 Shares of The Coca-Cola Co (KO)” was originally reported by Macon Daily and is the property of of Macon Daily. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://macondaily.com/2018/11/11/finemark-national-bank-trust-sells-8571-shares-of-the-coca-cola-co-ko.html.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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