Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of The Coca-Cola Co (NYSE:KO) by 2.0% during the third quarter, HoldingsChannel reports. The firm owned 105,372 shares of the company’s stock after buying an additional 2,067 shares during the quarter. The Coca-Cola comprises 2.6% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 5th largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in The Coca-Cola were worth $5,736,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. raised its position in The Coca-Cola by 13.1% during the third quarter. Pacer Advisors Inc. now owns 422,865 shares of the company’s stock valued at $23,021,000 after purchasing an additional 48,963 shares during the period. M. Kraus & Co grew its stake in shares of The Coca-Cola by 4.2% during the third quarter. M. Kraus & Co now owns 5,009 shares of the company’s stock valued at $273,000 after buying an additional 200 shares during the last quarter. First American Trust FSB grew its stake in shares of The Coca-Cola by 1.6% during the third quarter. First American Trust FSB now owns 164,658 shares of the company’s stock valued at $8,964,000 after buying an additional 2,666 shares during the last quarter. Legacy Advisors LLC grew its stake in shares of The Coca-Cola by 2.8% during the third quarter. Legacy Advisors LLC now owns 8,200 shares of the company’s stock valued at $450,000 after buying an additional 227 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of The Coca-Cola by 2.7% during the third quarter. Bogart Wealth LLC now owns 14,659 shares of the company’s stock valued at $798,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.
NYSE:KO traded down $0.21 during midday trading on Friday, hitting $53.45. The stock had a trading volume of 2,470,798 shares, compared to its average volume of 11,184,790. The Coca-Cola Co has a one year low of $44.25 and a one year high of $55.92. The company has a market capitalization of $229.11 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 3.73 and a beta of 0.45. The stock has a 50-day moving average of $54.39 and a 200 day moving average of $51.22. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.86 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The Coca-Cola’s revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were paid a $0.40 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.60 annualized dividend and a yield of 2.99%. The Coca-Cola’s dividend payout ratio (DPR) is currently 76.92%.
KO has been the topic of a number of analyst reports. Deutsche Bank upped their target price on The Coca-Cola from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley set a $60.00 target price on The Coca-Cola and gave the company a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their target price on The Coca-Cola from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. ValuEngine cut The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, HSBC reaffirmed a “neutral” rating and set a $52.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The Coca-Cola presently has a consensus rating of “Hold” and a consensus target price of $54.26.
In other The Coca-Cola news, SVP Beatriz R. Perez sold 14,000 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total transaction of $747,600.00. Following the sale, the senior vice president now owns 108,457 shares of the company’s stock, valued at approximately $5,791,603.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brian John Smith sold 60,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $54.87, for a total value of $3,292,200.00. Following the sale, the chief operating officer now directly owns 174,302 shares in the company, valued at approximately $9,563,950.74. The disclosure for this sale can be found here. In the last three months, insiders sold 429,638 shares of company stock worth $23,411,372. 1.33% of the stock is owned by insiders.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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