McKinley Carter Wealth Services Inc. increased its stake in shares of The Coca-Cola Co (NYSE:KO) by 23.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,007 shares of the company’s stock after buying an additional 1,691 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in The Coca-Cola were worth $413,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Swiss National Bank boosted its holdings in shares of The Coca-Cola by 3.0% in the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after purchasing an additional 470,700 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of The Coca-Cola by 54.8% during the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock valued at $20,118,000 after acquiring an additional 158,741 shares in the last quarter. Flippin Bruce & Porter Inc. boosted its holdings in shares of The Coca-Cola by 1.8% during the 2nd quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock valued at $4,397,000 after acquiring an additional 1,705 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of The Coca-Cola by 69.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock valued at $405,847,000 after acquiring an additional 3,700,700 shares in the last quarter. Finally, Calamos Advisors LLC boosted its holdings in shares of The Coca-Cola by 5.4% during the 3rd quarter. Calamos Advisors LLC now owns 1,660,216 shares of the company’s stock valued at $74,726,000 after acquiring an additional 84,539 shares in the last quarter. 65.30% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,640 shares of company stock valued at $5,800,776. Corporate insiders own 1.51% of the company’s stock.
The Coca-Cola Co (NYSE:KO) opened at $44.82 on Friday. The Coca-Cola Co has a 12-month low of $41.83 and a 12-month high of $48.62. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $191,197.89, a price-to-earnings ratio of 23.47, a P/E/G ratio of 2.60 and a beta of 0.77.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same period last year, the company posted $0.37 EPS. The business’s quarterly revenue was down 20.2% on a year-over-year basis. equities research analysts anticipate that The Coca-Cola Co will post 2.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a $0.39 dividend. The ex-dividend date is Wednesday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.48%. The Coca-Cola’s dividend payout ratio (DPR) is 548.15%.
Several research firms recently weighed in on KO. Stifel Nicolaus reissued a “hold” rating and set a $49.00 price objective on shares of The Coca-Cola in a report on Friday, December 22nd. Goldman Sachs Group set a $49.00 price objective on The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a price objective (up previously from ) on shares of The Coca-Cola in a report on Friday, February 16th. Credit Suisse Group reissued a “buy” rating on shares of The Coca-Cola in a report on Tuesday, February 13th. Finally, Royal Bank of Canada set a $56.00 price objective on The Coca-Cola and gave the company a “buy” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.21.
About The Coca-Cola
The Coca-Cola Company is a beverage company. 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.
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.