DAGCO Inc. lowered its holdings in shares of The Coca-Cola Company (NYSE:KO) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,950 shares of the company’s stock after selling 1,083 shares during the quarter. DAGCO Inc.’s holdings in The Coca-Cola were worth $999,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC bought a new position in shares of The Coca-Cola in the 4th quarter worth $25,000. McClarren Financial Advisors Inc. purchased a new position in The Coca-Cola during the fourth quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC grew its stake in The Coca-Cola by 136.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,229 shares of the company’s stock valued at $28,000 after acquiring an additional 709 shares in the last quarter. Merrion Investment Management Co LLC acquired a new stake in shares of The Coca-Cola in the 4th quarter worth $33,000. Finally, West Financial Advisors LLC purchased a new stake in shares of The Coca-Cola in the 4th quarter valued at approximately $34,000. Institutional investors own 65.99% of the company’s stock.
Several research firms recently commented on KO. Morgan Stanley boosted their target price on The Coca-Cola from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, April 26th. Wolfe Research started coverage on The Coca-Cola in a report on Monday, April 12th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. downgraded The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 price objective for the company. in a research note on Thursday, January 7th. Royal Bank of Canada upgraded The Coca-Cola from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $55.00 to $60.00 in a research report on Monday, March 15th. Finally, Evercore ISI boosted their target price on The Coca-Cola from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $57.69.
NYSE:KO traded down $0.09 during mid-day trading on Tuesday, hitting $54.39. The stock had a trading volume of 142,871 shares, compared to its average volume of 17,970,572. 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 Coca-Cola Company has a twelve month low of $43.20 and a twelve month high of $54.93. The company’s 50 day simple moving average is $52.90 and its 200 day simple moving average is $51.54. The stock has a market cap of $234.51 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 5.70 and a beta of 0.58.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Sunday, April 18th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The Coca-Cola had a net margin of 24.90% and a return on equity of 41.37%. The company had revenue of $9 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that The Coca-Cola Company will post 1.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Tuesday, June 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, June 14th. This represents a $1.68 annualized dividend and a yield of 3.09%. The Coca-Cola’s dividend payout ratio is presently 79.62%.
In other news, CEO James Quincey sold 110,000 shares of The Coca-Cola stock in a transaction on Friday, April 23rd. The shares were sold at an average price of $54.48, for a total value of $5,992,800.00. Following the completion of the sale, the chief executive officer now owns 266,718 shares in the company, valued at approximately $14,530,796.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kathy Loveless sold 501 shares of The Coca-Cola stock in a transaction on Friday, March 19th. The shares were sold at an average price of $50.46, for a total transaction of $25,280.46. Following the completion of the sale, the vice president now owns 10,224 shares of the company’s stock, valued at approximately $515,903.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 220,501 shares of company stock worth $11,883,380. 1.01% of the stock is owned by corporate insiders.
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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