Thompson Siegel & Walmsley LLC lowered its position in shares of Coca-Cola Co. (NYSE:KO) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,954 shares of the company’s stock after selling 19,729 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Coca-Cola were worth $10,605,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. bought a new position in Coca-Cola during the second quarter valued at $233,278,000. Canada Pension Plan Investment Board raised its position in Coca-Cola by 1,282.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,442,458 shares of the company’s stock valued at $206,086,000 after buying an additional 4,121,188 shares in the last quarter. Bank of Montreal Can bought a new position in Coca-Cola during the second quarter valued at $129,397,000. TIAA CREF Investment Management LLC raised its position in Coca-Cola by 11.9% in the first quarter. TIAA CREF Investment Management LLC now owns 23,348,604 shares of the company’s stock valued at $1,083,142,000 after buying an additional 2,475,256 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Coca-Cola by 49.5% in the second quarter. Acadian Asset Management LLC now owns 6,583,264 shares of the company’s stock valued at $298,418,000 after buying an additional 2,180,803 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.
Shares of Coca-Cola Co. (NYSE:KO) traded up 0.19% during midday trading on Thursday, hitting $41.89. 4,216,428 shares of the company were exchanged. The company has a 50-day moving average of $42.93 and a 200 day moving average of $44.53. Coca-Cola Co. has a one year low of $40.75 and a one year high of $47.13. The company has a market capitalization of $180.80 billion, a P/E ratio of 24.10 and a beta of 0.59.
Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The firm earned $11.50 billion during the quarter, compared to analysts’ expectations of $11.69 billion. During the same period in the previous year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Coca-Cola Co. will post $1.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.35%. Coca-Cola’s dividend payout ratio (DPR) is 80.46%.
Several research analysts have recently commented on the stock. Deutsche Bank AG restated a “buy” rating on shares of Coca-Cola in a research note on Sunday, July 24th. Susquehanna restated a “hold” rating on shares of Coca-Cola in a research note on Sunday, July 17th. BMO Capital Markets restated an “outperform” rating on shares of Coca-Cola in a research note on Friday, July 15th. Goldman Sachs Group Inc. set a $46.00 price target on shares of Coca-Cola and gave the stock a “neutral” rating in a research note on Tuesday, July 12th. Finally, Vetr upgraded shares of Coca-Cola from a “sell” rating to a “hold” rating and set a $44.00 price target on the stock in a research note on Monday, June 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $46.50.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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