OLD Dominion Capital Management Inc. increased its position in The Coca-Cola Co (NYSE:KO) by 9.1% in the 4th quarter, Holdings Channel reports. The fund owned 14,520 shares of the company’s stock after purchasing an additional 1,214 shares during the period. OLD Dominion Capital Management Inc.’s holdings in The Coca-Cola were worth $666,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in KO. Veritas Investment Management LLP purchased a new position in The Coca-Cola during the 3rd quarter valued at about $135,000. Spectrum Management Group Inc. purchased a new position in The Coca-Cola during the 3rd quarter valued at about $137,000. Legacy Advisors LLC purchased a new position in The Coca-Cola during the 3rd quarter valued at about $139,000. Almanack Investment Partners LLC. purchased a new position in The Coca-Cola during the 2nd quarter valued at about $142,000. Finally, Shine Investment Advisory Services Inc. grew its holdings in The Coca-Cola by 102.2% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock valued at $143,000 after buying an additional 1,610 shares in the last quarter. 65.30% of the stock is owned by institutional investors.
Shares of The Coca-Cola Co (KO) opened at $43.93 on Wednesday. The firm has a market capitalization of $187,230.59, a P/E ratio of 22.98, a P/E/G ratio of 2.71 and a beta of 0.77. The Coca-Cola Co has a 12-month low of $41.74 and a 12-month high of $48.62. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25.
The Coca-Cola (NYSE:KO) last released its earnings results on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The Coca-Cola’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a $0.39 dividend. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. The Coca-Cola’s payout ratio is presently 548.15%.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the sale, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ed Hays sold 84,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. Insiders sold a total of 122,640 shares of company stock valued at $5,800,776 in the last 90 days. 1.51% of the stock is currently owned by corporate insiders.
A number of research analysts have weighed in on KO shares. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $46.04 to $55.00 in a report on Friday, January 12th. Royal Bank of Canada set a $56.00 target price on The Coca-Cola and gave the company a “buy” rating in a report on Tuesday, January 2nd. Wells Fargo & Co raised The Coca-Cola from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $46.72 to $51.00 in a report on Tuesday, November 14th. Deutsche Bank initiated coverage on The Coca-Cola in a report on Wednesday, December 13th. They set a “buy” rating and a $52.00 price objective for the company. Finally, Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective for the company in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The Coca-Cola has an average rating of “Hold” and a consensus target price of $49.21.
The Coca-Cola Company Profile
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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