Gables Capital Management Inc. bought a new stake in shares of The Coca-Cola Co (NYSE:KO) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 60,517 shares of the company’s stock, valued at approximately $2,628,000. The Coca-Cola makes up 2.3% of Gables Capital Management Inc.’s portfolio, making the stock its 9th biggest position.
Several other large investors have also bought and sold shares of the stock. BlackRock Inc. lifted its holdings in The Coca-Cola by 1.9% in the 1st quarter. BlackRock Inc. now owns 246,505,322 shares of the company’s stock worth $10,705,725,000 after buying an additional 4,526,566 shares in the last quarter. Geode Capital Management LLC lifted its holdings in The Coca-Cola by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 38,150,109 shares of the company’s stock worth $1,746,387,000 after buying an additional 1,170,700 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in The Coca-Cola by 0.5% in the 4th quarter. Suntrust Banks Inc. now owns 19,870,669 shares of the company’s stock worth $911,665,000 after buying an additional 99,827 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in The Coca-Cola by 11.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 17,857,938 shares of the company’s stock worth $819,322,000 after buying an additional 1,869,038 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in The Coca-Cola by 1.6% in the 4th quarter. Swiss National Bank now owns 16,741,490 shares of the company’s stock worth $768,100,000 after buying an additional 264,100 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.
The Coca-Cola stock opened at $43.47 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.21 and a debt-to-equity ratio of 1.38. The stock has a market cap of $184.84 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.56 and a beta of 0.73. The Coca-Cola Co has a 52-week low of $41.45 and a 52-week high of $48.62.
The Coca-Cola (NYSE:KO) last posted its earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.32 billion. The Coca-Cola had a net margin of 4.23% and a return on equity of 39.54%. The Coca-Cola’s revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. equities analysts forecast that The Coca-Cola Co will post 2.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, June 14th. The Coca-Cola’s payout ratio is 81.68%.
A number of equities analysts have commented on KO shares. Goldman Sachs Group upgraded shares of The Coca-Cola from a “sell” rating to a “neutral” rating and set a $46.00 price objective on the stock in a report on Tuesday, April 17th. Jefferies Financial Group reiterated a “neutral” rating and issued a $44.00 price objective on shares of The Coca-Cola in a report on Friday, May 25th. Morningstar set a $49.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Friday, May 18th. Barclays reissued a “neutral” rating and issued a $45.00 target price on shares of The Coca-Cola in a research report on Thursday, March 15th. Finally, Societe Generale set a $46.50 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $49.42.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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