Epstein & White Financial LLC acquired a new stake in The Coca-Cola Co (NYSE:KO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,204 shares of the company’s stock, valued at approximately $682,000.
Several other hedge funds have also recently bought and sold shares of the stock. Beach Investment Management LLC. acquired a new position in The Coca-Cola in the second quarter valued at $736,000. Dupont Capital Management Corp increased its position in shares of The Coca-Cola by 23.7% during the second quarter. Dupont Capital Management Corp now owns 555,097 shares of the company’s stock worth $24,896,000 after acquiring an additional 106,366 shares during the last quarter. Wrapmanager Inc. increased its position in shares of The Coca-Cola by 29.6% during the second quarter. Wrapmanager Inc. now owns 48,985 shares of the company’s stock worth $2,197,000 after acquiring an additional 11,190 shares during the last quarter. Morningstar Investment Services LLC increased its position in shares of The Coca-Cola by 2.7% during the second quarter. Morningstar Investment Services LLC now owns 1,071,095 shares of the company’s stock worth $48,039,000 after acquiring an additional 28,541 shares during the last quarter. Finally, Fiduciary Financial Services of The Southwest Inc. TX increased its holdings in The Coca-Cola by 6.6% in the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 35,996 shares of the company’s stock valued at $1,614,000 after buying an additional 2,241 shares during the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.
Shares of The Coca-Cola Co (NYSE:KO) traded down $0.40 during midday trading on Wednesday, hitting $43.78. 15,160,860 shares of the stock were exchanged, compared to its average volume of 13,472,715. The Coca-Cola Co has a 52 week low of $41.90 and a 52 week 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 company has a market capitalization of $190,070.00, a PE ratio of 39.80, a price-to-earnings-growth ratio of 2.58 and a beta of 0.77.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The firm’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period last year, the business posted $0.37 earnings per share. analysts forecast that The Coca-Cola Co will post 2.09 EPS for the current fiscal year.
The company also recently announced 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 of this dividend is Wednesday, March 14th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.56%. The Coca-Cola’s payout ratio is presently 134.55%.
In related news, insider Jennifer K. Mann sold 1,883 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the transaction, the chief financial officer now owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Insiders sold a total of 124,523 shares of company stock valued at $5,885,511 over the last 90 days. Corporate insiders own 1.48% of the company’s stock.
Several analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a target price (up from ) on shares of The Coca-Cola in a report on Friday, February 16th. Morningstar set a $48.50 price objective on The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Societe Generale restated a “neutral” rating and issued a $48.80 target price on shares of The Coca-Cola in a research report on Monday, February 19th. Susquehanna Bancshares set a $45.00 target price on The Coca-Cola and gave the stock a “hold” rating in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the company a “buy” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The Coca-Cola has an average rating of “Hold” and a consensus price target of $49.21.
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The Coca-Cola Profile
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.
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