Trust Co. of Toledo NA OH cut its stake in The Coca-Cola Company (NYSE:KO) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,282 shares of the company’s stock after selling 464 shares during the period. The Coca-Cola accounts for 0.9% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 29th largest holding. Trust Co. of Toledo NA OH’s holdings in The Coca-Cola were worth $5,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Flagship Harbor Advisors LLC boosted its holdings in shares of The Coca-Cola by 9.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 29,864 shares of the company’s stock worth $1,638,000 after buying an additional 2,492 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of The Coca-Cola by 0.8% during the 4th quarter. AE Wealth Management LLC now owns 357,040 shares of the company’s stock worth $19,580,000 after buying an additional 2,918 shares in the last quarter. Hyman Charles D boosted its holdings in shares of The Coca-Cola by 2.5% during the 4th quarter. Hyman Charles D now owns 258,333 shares of the company’s stock worth $14,167,000 after buying an additional 6,201 shares in the last quarter. Allstate Corp boosted its holdings in shares of The Coca-Cola by 6.0% during the 4th quarter. Allstate Corp now owns 88,085 shares of the company’s stock worth $4,831,000 after buying an additional 5,008 shares in the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of The Coca-Cola by 1.1% during the 4th quarter. PDS Planning Inc now owns 54,843 shares of the company’s stock worth $3,008,000 after buying an additional 576 shares in the last quarter. Institutional investors and hedge funds own 65.99% of the company’s stock.
A number of research firms have issued reports on KO. HSBC cut their price target on The Coca-Cola from $61.00 to $58.00 in a report on Wednesday, January 13th. Royal Bank of Canada raised The Coca-Cola from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $55.00 to $60.00 in a research report on Monday, March 15th. JPMorgan Chase & Co. lowered The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Thursday, January 7th. Deutsche Bank Aktiengesellschaft lowered The Coca-Cola from a “buy” rating to a “hold” rating and lowered their target price for the stock from $57.00 to $55.00 in a research report on Tuesday, January 5th. Finally, Sanford C. Bernstein initiated coverage on The Coca-Cola in a research report on Tuesday, January 19th. They set an “outperform” rating and a $58.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.86.
NYSE KO traded down $0.12 during trading hours on Thursday, hitting $53.16. The company had a trading volume of 161,031 shares, compared to its average volume of 19,513,369. The Coca-Cola Company has a 52 week low of $43.20 and a 52 week high of $54.93. The firm has a 50 day simple moving average of $51.12 and a 200 day simple moving average of $51.00. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.13. The firm has a market capitalization of $229.08 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 5.70 and a beta of 0.58.
The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 9th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.62 billion. The Coca-Cola had a return on equity of 41.37% and a net margin of 24.90%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. On average, research analysts forecast that The Coca-Cola Company will post 1.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Monday, March 15th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, March 12th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.41. The Coca-Cola’s dividend payout ratio (DPR) is 79.62%.
In other news, insider Nikolaos Koumettis sold 60,000 shares of The Coca-Cola stock in a transaction dated Monday, March 29th. The stock was sold at an average price of $53.30, for a total transaction of $3,198,000.00. Following the completion of the sale, the insider now owns 145,011 shares in the company, valued at approximately $7,729,086.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alfredo Rivera sold 20,000 shares of The Coca-Cola stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $51.15, for a total value of $1,023,000.00. Following the sale, the insider now owns 62,000 shares of the company’s stock, valued at approximately $3,171,300. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,501 shares of company stock valued at $4,246,280. Corporate insiders own 1.01% of the company’s stock.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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