Brookstone Capital Management decreased its stake in Coca-Cola Company (The) (NYSE:KO) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,411 shares of the company’s stock after selling 2,626 shares during the period. Brookstone Capital Management’s holdings in Coca-Cola were worth $6,611,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC lifted its stake in Coca-Cola by 5.0% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after purchasing an additional 129 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Coca-Cola by 59.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the last quarter. Eagle Ridge Investment Management acquired a new stake in Coca-Cola in the 2nd quarter valued at about $138,000. SRS Capital Advisors Inc. lifted its stake in Coca-Cola by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its stake in Coca-Cola by 21.9% in the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after purchasing an additional 572 shares during the last quarter. Institutional investors own 65.09% of the company’s stock.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.51% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on KO shares. Jefferies Group LLC set a $47.00 target price on shares of Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 target price on shares of Coca-Cola in a research note on Wednesday, September 6th. Citigroup Inc. set a $53.00 target price on shares of Coca-Cola and gave the company a “buy” rating in a research note on Thursday, August 3rd. raised their target price on shares of Coca-Cola from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $47.00 target price on shares of Coca-Cola in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. Coca-Cola currently has a consensus rating of “Hold” and a consensus price target of $47.71.
Shares of Coca-Cola Company (NYSE KO) opened at $45.88 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The stock has a market cap of $195,479.41, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. Coca-Cola Company has a 1 year low of $39.88 and a 1 year high of $47.48.
Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The firm had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. sell-side analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.23%. Coca-Cola’s dividend payout ratio is presently 140.95%.
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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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