WoodTrust Financial Corp acquired a new position in shares of The Coca-Cola Co (NYSE:KO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,400 shares of the company’s stock, valued at approximately $340,000.
A number of other institutional investors have also bought and sold shares of the business. Beach Investment Management LLC. purchased a new position in shares of The Coca-Cola in the second quarter valued at about $736,000. Schwab Charles Investment Management Inc. increased its position in shares of The Coca-Cola by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,219,699 shares of the company’s stock valued at $817,154,000 after acquiring an additional 481,607 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV increased its position in shares of The Coca-Cola by 4.7% in the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 44,724 shares of the company’s stock valued at $2,006,000 after acquiring an additional 2,000 shares during the period. OLD Dominion Capital Management Inc. increased its position in shares of The Coca-Cola by 49.6% in the second quarter. OLD Dominion Capital Management Inc. now owns 11,619 shares of the company’s stock valued at $521,000 after acquiring an additional 3,854 shares during the period. Finally, First Trust Advisors LP increased its position in shares of The Coca-Cola by 151.8% in the second quarter. First Trust Advisors LP now owns 2,306,887 shares of the company’s stock valued at $103,464,000 after acquiring an additional 1,390,617 shares during the period. 65.13% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Stifel Nicolaus restated a “hold” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research report on Friday, December 22nd. Goldman Sachs Group set a $49.00 price objective on shares of The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Monday, February 12th. Jefferies Group restated a “neutral” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada set a $56.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The Coca-Cola currently has an average rating of “Hold” and a consensus target price of $49.24.
Shares of The Coca-Cola Co (NYSE:KO) opened at $43.62 on Wednesday. The firm has a market cap of $185,850.00, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.72 and a beta of 0.70. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64. The Coca-Cola Co has a fifty-two week low of $41.64 and a fifty-two week high of $48.62.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business’s revenue was down 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. equities analysts expect that The Coca-Cola Co will post 2.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Wednesday, March 14th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio is 134.55%.
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About The Coca-Cola
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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