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Published: Thu, July 27, 2017
Economy | By Melissa Porter

Factors to Note Before Buying The Coca-Cola Company (KO)

Factors to Note Before Buying The Coca-Cola Company (KO)

Citizens & Northern Corp boosted its stake in Coca-Cola Company (The) by 3.8% in the fourth quarter. Cribstone Capital Management LLC increased its position in Coca-Cola Company (The) by 44.7% in the first quarter. As of quarter end Allianz Asset Management AG had acquired 167,573 shares growing its position 73,820.7%. Berkshire Hathaway Inc owns $17.94 billion in The Coca-Cola Company, which represents roughly 9.32% of the company's market cap and approximately 14.45% of the institutional ownership. Invesco reported 0.35% in The Coca-Cola Co (NYSE:KO). The recent change has given its price a 0.73% lead over SMA 50 and -1.78% deficit over its 52-week high. Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)'s EPS growth this year is -15.30% and their trailing 12-month EPS is 4.66. Teachers Advisors LLC now owns 7,611 shares of the company's stock worth $1,361,000 after buying an additional 293 shares in the last quarter. The company reported $0.43 EPS for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.01.

Talking about profitability of the company, the profit margin percentage is 15.3% while its operating margin for the trailing twelve month is at 23.53%. Analysts expected $9.71 billion in revenue, according to Zacks. However, adjusted revenue grew 3% as the company shifted its focus to revenue growth over volume growth. Investors of record on Friday, July 28th will be paid a $0.25 dividend.

Former Coca-Cola CEO Muhtar Kent has now stepped down and was replaced by Quincey, who had previously been serving as the company's chief operating officer. The Coca-Cola Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior Vice President Perez Beatriz R has sold 29,282 shares of The Coca-Cola Company (KO) in trading session dated Jun. 14, 2017. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and global copyright legislation. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/07/26/tocqueville-asset-management-l-p-sells-57770-shares-of-coca-cola-company-the-nyseko.html.

A number of equities analysts recently weighed in on KO shares. The firm has "Hold" rating given on Thursday, July 13 by Cowen & Co. Wells Fargo & Company reiterated a "market perform" rating on shares of Coca-Cola Company (The) in a research report on Monday, March 27th. BidaskClub cut Coca-Cola Company (The) from a "hold" rating to a "sell" rating in a research report on Thursday, July 13th. Coca-Cola Company (The) now has an average rating of "Hold" and a consensus target price of $45.17. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of the stock in a transaction on Wednesday, May 24th. Market Capitalization if basically the market value of the company's shares outstanding. In the last ninety days, insiders sold 493,228 shares of company stock valued at $22,024,770. Vanguard Group Inc is the second biggest holder with 270 million shares now valued at 11.48 B million whilst State Street Corp has 174 million shares valued at 7.38 B million. The disclosure for this sale can be found here.

Quincey has said that Coke has outgrown its core soda drinks, and needs to become a "total beverage company".

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