Cacti Asset Management LLC Has $1691000 Stake in The Coca-Cola Co (KO)

Xavier Trudeau
Mai 19, 2017

The Coca-Cola Co (NYSE:KO) has been given a $45.00 target price by analysts at Barclays PLC in a research report issued on Monday.

Several other institutional investors have also recently added to or reduced their stakes in KO. JP Morgan analysts stated on 21/03/2017 that they launched coverage on this stock with Neutral rating. BMO Capital Markets restated a buy rating and set a $45.00 price target on shares of The Coca-Cola in a report on Wednesday, March 22nd. Wells Fargo & Co lowered The Coca-Cola from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $41.05 to $41.29 in a research note on Thursday, January 19th. Finally, Sanford C. Bernstein set a $47.00 price objective on The Coca-Cola and gave the company a buy rating in a report on Friday, February 10th. Adirondack Trust Co. now owns 31,933 shares of the company's stock valued at $1,351,000 after buying an additional 600 shares during the period.

Now the shares of The Coca-Cola Company (KO) has a trading volume of 14.52 Million shares, with an average trading volume of 9770 shares - with shares dropping to a 52 week low of $39.53, and the company's shares hitting a 52 week high of $ 44.79.

The Coca-Cola Co (NYSE:KO) opened at 43.93 on Thursday. The stock had a trading volume of 3,309,466 shares. The Coca-Cola Co has a 12 month low of $39.88 and a 12 month high of $46.01.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 5.21%, and has a solid year to date (YTD) performance of 6.89% which means the stock is constantly adding to its value from the previous fiscal year end price.

Currently, the market capitalization of The Coca-Cola Company (KO) is 187.69 Billion. The Coca-Cola also was the recipient of some unusual options trading on Tuesday. Stock investors purchased 24,058 call options on the company. This is an increase of approximately 246% compared to the typical daily volume of 6,950 call options.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 25th.

The company's expected revenue in the current quarter to be 9.66 Billion, seeing a projected current quarter growth of -3.3%, and per annum growth estimates over the next 5 year period of around 4.83%. The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.85 billion. Over the short term, some market observers may have noticed that The Coca-Cola Company has a 0.74% short float with 15 days to cover. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, equities research analysts forecast that The Coca-Cola Co will post $1.88 EPS for the current year.

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The firm also recently disclosed a dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Thursday, June 15th will be paid a $0.37 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.37%.

Now the P/E of The Coca-Cola Company stands at 30.78.

In other news, insider Brian John Smith sold 87,800 shares of The Coca-Cola stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total value of $3,813,154.00. Following the sale, the insider now owns 149,185 shares in the company, valued at $6,479,104.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

In related news, insider J Alexander Douglas, Jr. sold 22,000 shares of the business's stock in a transaction that occurred on Wednesday, May 3rd. The mean target of $45.00 should be compared with the price when the stock was languishing around $39.53 a share. Following the transaction, the insider now owns 319,436 shares of the company's stock, valued at $13,815,607. The disclosure for this sale can be found here. FMR LLC increased its stake in shares of The Coca-Cola by 2.5% in the first quarter. Chemung Canal Trust Co. now owns 230,132 shares of the company's stock worth $9,767,000 after buying an additional 10,019 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in The Coca-Cola during the fourth quarter valued at approximately $127,000. Beese Fulmer Investment Management Inc. now owns 177,672 shares of the company's stock valued at $7,519,000 after buying an additional 1,714 shares during the period. GWM Advisors LLC boosted its stake in The Coca-Cola by 82.8% in the third quarter. BlackRock Fund Advisors now owns 60,254,078 shares of the company's stock valued at $2,549,953,000 after buying an additional 1,492,283 shares in the last quarter. Brighton Jones LLC boosted its position in The Coca-Cola by 112.1% in the first quarter. Barnett & Company Inc. now owns 2,837 shares of the company's stock valued at $120,000 after buying an additional 616 shares during the period. Finally, West Coast Financial LLC boosted its position in shares of The Coca-Cola by 57.4% in the third quarter.

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