Capital Asset Advisory Services LLC lessened its stake in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,647 shares of the company’s stock after selling 484 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Coca-Cola were worth $1,400,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. OLD Mission Capital LLC purchased a new stake in Coca-Cola in the 3rd quarter valued at $244,000. Morgan Stanley increased its stake in Coca-Cola by 2.0% in the 2nd quarter. Morgan Stanley now owns 48,263,840 shares of the company’s stock valued at $2,611,557,000 after buying an additional 951,106 shares during the period. Wolff Wiese Magana LLC increased its stake in Coca-Cola by 4.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 23,812 shares of the company’s stock valued at $1,250,000 after buying an additional 1,029 shares during the period. Naples Global Advisors LLC increased its stake in Coca-Cola by 5.4% in the 3rd quarter. Naples Global Advisors LLC now owns 14,465 shares of the company’s stock valued at $759,000 after buying an additional 741 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Coca-Cola in the 3rd quarter valued at $519,000. Institutional investors and hedge funds own 67.82% of the company’s stock.
In other Coca-Cola news, CFO John Murphy sold 154,080 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $62.29, for a total value of $9,597,643.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Henrique Braun sold 9,436 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $59.91, for a total transaction of $565,310.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 324,018 shares of company stock worth $20,153,238. Insiders own 0.98% of the company’s stock.
Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings data on Thursday, February 10th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.93 billion. Coca-Cola had a net margin of 25.28% and a return on equity of 42.21%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. Analysts expect that The Coca-Cola Company will post 2.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Tuesday, March 15th were issued a dividend of $0.44 per share. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, March 14th. Coca-Cola’s dividend payout ratio is presently 77.88%.
A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Coca-Cola from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 8th. UBS Group upped their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, February 11th. Royal Bank of Canada upped their price target on shares of Coca-Cola from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Friday, February 11th. Evercore ISI upped their price target on shares of Coca-Cola from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 15th. Finally, Credit Suisse Group set a $66.00 price target on shares of Coca-Cola in a research note on Tuesday, April 12th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $65.25.
Coca-Cola Profile (Get Rating)
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and 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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