Cwm LLC lowered its stake in shares of Coca-Cola Co. (NYSE:KO) by 98.1% during the second quarter, Holdings Channel reports. The firm owned 4,998 shares of the company’s stock after selling 258,791 shares during the period. Cwm LLC’s holdings in Coca-Cola were worth $227,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Douglas Lane & Associates LLC bought a new stake in shares of Coca-Cola during the first quarter valued at $5,755,000. Quantitative Systematic Strategies LLC boosted its stake in shares of Coca-Cola by 53.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,954 shares of the company’s stock valued at $789,000 after buying an additional 5,876 shares in the last quarter. Vicus Capital boosted its stake in shares of Coca-Cola by 91.9% in the first quarter. Vicus Capital now owns 9,555 shares of the company’s stock valued at $443,000 after buying an additional 4,576 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in shares of Coca-Cola by 8.6% in the first quarter. ST Germain D J Co. Inc. now owns 8,181 shares of the company’s stock valued at $380,000 after buying an additional 650 shares in the last quarter. Finally, Lincluden Management Ltd. boosted its stake in shares of Coca-Cola by 0.4% in the first quarter. Lincluden Management Ltd. now owns 70,996 shares of the company’s stock valued at $3,294,000 after buying an additional 305 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Coca-Cola Co. (NYSE:KO) remained flat at $41.73 during mid-day trading on Monday. 8,983,623 shares of the company traded hands. The firm has a 50 day moving average of $42.73 and a 200-day moving average of $44.44. The company has a market cap of $180.11 billion, a PE ratio of 24.01 and a beta of 0.59. Coca-Cola Co. has a 1-year low of $40.75 and a 1-year high of $47.13.
Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $11.50 billion for the quarter, compared to the consensus estimate of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. Equities research analysts predict that Coca-Cola Co. will post $1.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is presently 80.46%.
Several brokerages have recently weighed in on KO. Credit Suisse Group AG began coverage on Coca-Cola in a research report on Thursday, September 15th. They set a “neutral” rating and a $44.00 price target on the stock. Vetr cut shares of Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 price objective on the stock. in a research report on Thursday, September 15th. Stifel Nicolaus cut shares of Coca-Cola from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $50.00 to $45.00 in a research report on Thursday, September 29th. Societe Generale set a $44.00 price objective on shares of Coca-Cola and gave the stock a “neutral” rating in a research report on Monday, August 8th. Finally, Jefferies Group restated a “hold” rating on shares of Coca-Cola in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.50.
Coca-Cola Company Profile
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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