Thomaspartners Inc. Acquires 197,603 Shares of Coca-Cola Company (The) (KO)

Thomaspartners Inc. raised its position in Coca-Cola Company (The) (NYSE:KO) by 6.7% during the third quarter, Holdings Channel reports. The firm owned 3,167,903 shares of the company’s stock after buying an additional 197,603 shares during the period. Thomaspartners Inc. owned approximately 0.07% of Coca-Cola Company (The) worth $134,066,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Abner Herrman & Brock LLC increased its position in shares of Coca-Cola Company (The) by 0.4% in the third quarter. Abner Herrman & Brock LLC now owns 4,760 shares of the company’s stock valued at $201,000 after buying an additional 20 shares in the last quarter. Cambridge Advisors Inc. increased its position in shares of Coca-Cola Company (The) by 0.3% in the third quarter. Cambridge Advisors Inc. now owns 8,061 shares of the company’s stock worth $341,000 after buying an additional 22 shares during the period. Alpha Windward LLC increased its position in shares of Coca-Cola Company (The) by 0.4% in the third quarter. Alpha Windward LLC now owns 7,453 shares of the company’s stock worth $315,000 after buying an additional 32 shares during the period. Iowa State Bank increased its position in shares of Coca-Cola Company (The) by 0.6% in the third quarter. Iowa State Bank now owns 5,292 shares of the company’s stock worth $224,000 after buying an additional 34 shares during the period. Finally, Bell State Bank & Trust increased its position in shares of Coca-Cola Company (The) by 1.1% in the second quarter. Bell State Bank & Trust now owns 4,672 shares of the company’s stock worth $212,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 63.80% of the company’s stock.

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

Shares of Coca-Cola Company (NYSE:KO) traded down 1.62% during midday trading on Friday, reaching $40.58. 28,847,307 shares of the company were exchanged. The firm has a market capitalization of $175.02 billion, a P/E ratio of 24.61 and a beta of 0.69. The firm has a 50-day moving average of $41.45 and a 200 day moving average of $42.15. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $47.13.

Coca-Cola Company (The) (NYSE:KO) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company earned $9.40 billion during the quarter, compared to analyst estimates of $9.21 billion. Coca-Cola Company (The) had a net margin of 15.59% and a return on equity of 32.94%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. On average, equities research analysts expect that Coca-Cola Company will post $1.96 EPS for the current year.

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A number of brokerages have commented on KO. Vetr cut shares of Coca-Cola Company (The) from a “strong-buy” rating to a “buy” rating and set a $46.50 target price for the company. in a report on Monday, November 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $39.00 target price on shares of Coca-Cola Company (The) in a report on Monday, January 9th. Morningstar, Inc. reaffirmed a “buy” rating on shares of Coca-Cola Company (The) in a report on Friday, December 9th. Zacks Investment Research cut shares of Coca-Cola Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, December 27th. Finally, Barclays PLC began coverage on shares of Coca-Cola Company (The) in a report on Monday, January 9th. They set an “equal weight” rating and a $42.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.08.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company’s segments include Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Bottling Investments, and Corporate. It markets, manufactures and sells beverage concentrates referred to as beverage bases, and syrups, including fountain syrups (concentrate business or concentrate operations), and finished sparkling and still beverages (finished product business or finished product operations).

5 Day Chart for NYSE:KO

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).

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