104 hedge funds buy The Coca-Cola Company (KO) for the first time


The Coca-Cola Co (NYSE:KO) has declined 0.95% since September 6, 2016 and is downtrending. Revenue during the quarter was $3.05 billion, representing 6% growth from $2.89 billion in year-ago quarter. Oxbow Advisors LLC increased its stake in shares of Coca-Cola Company (The) by 2.1% in the second quarter.

The Coca-Cola Company (KO) has an annual dividend of $1.48, while its annual dividend yield is 3.23%. 60 shares were traded on Coca-Cola Company (The)'s last session. Td Asset holds 0.43% or 6.11 million shares in its portfolio.

Based on the latest brokerage notes which have been released to investors, 0 brokers have issued a rating of "strong buy", 0 brokers "buy", 1 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". The mean rating score for this stock is at 1.80. Janney Montgomery Scott Llc acquired 30,158 shares as Coca Cola Company (KO)'s stock rose 6.48%. The Clarivest Asset Management Llc holds 206,567 shares with $7.61M value, up from 123,426 last quarter. Huntington State Bank reported 639,121 shares. The insider now directly owns 24,047 shares worth $1,100,872.

Institutional investors now hold around $128.95 billion or 66.2% in KO stock.

KO has been the subject of several recent research reports. UBS maintained the shares of KO in report on Thursday, October 22 with "Buy" rating. Barclays Capital initiated it with "Equal Weight" rating and $102 target in Monday, January 9 report. About 3.94M shares traded.

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Among 18 analysts covering Coca-Cola (NYSE:KO), 7 have Buy rating, 1 Sell and 10 Hold.

COPYRIGHT VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and reposted in violation of US and global copyright and trademark laws. The stock increased 0.50% or $0.23 during the last trading session, reaching $45.78. Alliancebernstein LP reported 43,645 shares. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.43. The stock's market capitalization is 195.86B. A stock with a price that fluctuates wildly, hits new highs and lows or moves erratically is considered highly volatile. The stock has "Outperform" rating by Credit Suisse on Wednesday, April 19. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.02. The company has market cap of $89.25 million. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%.

Looking forward, the company's quarterly earnings in the three months through September 2016 and in the quarter ending December 2016, reflecting -666100% and -1110100% growth, respectively. Next year this decline will reach 0%. This recommendation lands on a scale between 1 and 5.

The company is trading unchanged from yesterday's close of $212.95. Stockholders of record on Friday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date was Wednesday the 26th of July 2017. The business's revenue for the quarter was down 15.9% on a year-over-year basis. The shares were sold at an average price of $45.77, for a total value of $409,733.04. Following the completion of the transaction, the insider now owns 118,000 shares of the company's stock, valued at $5,333,600. Also, insider J Alexander Douglas, Jr. sold 180,738 shares of the company's stock in a transaction that occurred on Tuesday, August 1st. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Comerica Bancshares holds 1.56M shares. The disclosure for this sale can be found here. Current price places the company's stock -13.46% away from its 200-day simple moving average, 5.81%, away from the 50-day average and also 3.95% away from 20-day average.

Coca-Cola Bottling Co. Consolidated, launched on April 8, 1980, produces, markets and distributes nonalcoholic beverages. 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.