First Quadrant L P CA boosted its stake in The Coca-Cola Co (NYSE:KO) by 3.0% in the fourth quarter, Holdings Channel reports. The fund owned 84,035 shares of the company’s stock after buying an additional 2,480 shares during the quarter. First Quadrant L P CA’s holdings in The Coca-Cola were worth $3,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Veritas Investment Management LLP purchased a new stake in shares of The Coca-Cola in the third quarter valued at about $135,000. Spectrum Management Group Inc. purchased a new stake in shares of The Coca-Cola in the third quarter valued at about $137,000. Legacy Advisors LLC purchased a new stake in shares of The Coca-Cola in the third quarter valued at about $139,000. Almanack Investment Partners LLC. purchased a new stake in shares of The Coca-Cola in the second quarter valued at about $142,000. Finally, Shine Investment Advisory Services Inc. raised its holdings in shares of The Coca-Cola by 102.2% in the third 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 during the last quarter. 65.13% of the stock is owned by hedge funds and other institutional investors.
In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the sale, the chief financial officer now owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ed Hays sold 84,400 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total transaction of $4,009,000.00. The disclosure for this sale can be found here. Insiders have sold 122,640 shares of company stock worth $5,800,776 over the last 90 days. 1.51% of the stock is currently owned by company insiders.
The Coca-Cola Co (NYSE:KO) opened at $44.03 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The Coca-Cola Co has a 1 year low of $41.58 and a 1 year high of $48.62. The firm has a market cap of $187,870.50, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.72 and a beta of 0.70.
The Coca-Cola (NYSE:KO) last issued its earnings results on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.36 billion. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. equities analysts anticipate that The Coca-Cola Co will post 2.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.39 per share. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio is presently 548.15%.
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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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