Capital International Sarl boosted its holdings in The Coca-Cola Co (NYSE:KO) by 4.2% during the fourth quarter, HoldingsChannel reports. The fund owned 150,146 shares of the company’s stock after buying an additional 6,116 shares during the period. The Coca-Cola comprises 1.3% of Capital International Sarl’s holdings, making the stock its 25th biggest position. Capital International Sarl’s holdings in The Coca-Cola were worth $8,311,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KO. Price Wealth LLC purchased a new stake in shares of The Coca-Cola during the fourth quarter worth $28,000. LFA Lugano Financial Advisors SA acquired a new position in The Coca-Cola in the fourth quarter valued at $31,000. Quantum Capital Management acquired a new position in The Coca-Cola in the third quarter valued at $34,000. Simon Quick Advisors LLC boosted its stake in shares of The Coca-Cola by 128.9% during the fourth quarter. Simon Quick Advisors LLC now owns 673 shares of the company’s stock worth $37,000 after buying an additional 379 shares during the period. Finally, Stonebridge Financial Planning Group LLC acquired a new stake in shares of The Coca-Cola during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 68.67% of the company’s stock.
NYSE KO traded up $2.54 during mid-day trading on Thursday, reaching $44.15. 18,219,054 shares of the stock were exchanged, compared to its average volume of 31,073,996. The stock has a market capitalization of $169.25 billion, a PE ratio of 21.33, a PEG ratio of 2.99 and a beta of 0.46. The business’s fifty day simple moving average is $53.92 and its 200 day simple moving average is $54.38. The Coca-Cola Co has a 1-year low of $36.27 and a 1-year high of $60.13. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.76.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. The company had revenue of $9.10 billion for the quarter, compared to analyst estimates of $8.88 billion. The Coca-Cola had a net margin of 24.38% and a return on equity of 44.39%. The Coca-Cola’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. On average, analysts anticipate that The Coca-Cola Co will post 2.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.40. The Coca-Cola’s dividend payout ratio (DPR) is 77.73%.
KO has been the subject of several recent research reports. Deutsche Bank reiterated a “buy” rating and set a $53.00 target price (down previously from $64.00) on shares of The Coca-Cola in a research note on Friday, March 20th. UBS Group raised their target price on shares of The Coca-Cola from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Zacks Investment Research upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, January 23rd. SunTrust Banks restated an “outperform” rating and set a $65.00 target price on shares of The Coca-Cola in a research report on Friday, January 31st. They noted that the move was a valuation call. Finally, Morgan Stanley lowered shares of The Coca-Cola from an “overweight” rating to an “equal weight” rating and set a $52.00 target price on the stock. in a research report on Wednesday, March 18th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $57.50.
In related news, SVP Nancy Quan sold 10,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the sale, the senior vice president now owns 175,049 shares of the company’s stock, valued at approximately $8,052,254. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Quincey sold 66,673 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $59.08, for a total transaction of $3,939,040.84. Following the sale, the chief executive officer now directly owns 467,407 shares of the company’s stock, valued at approximately $27,614,405.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,027 shares of company stock worth $9,620,065. 1.01% of the stock is owned by company 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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