Mizuho Securities USA LLC raised its holdings in shares of The Coca-Cola Co (NYSE:KO) by 20.9% in the 4th quarter, Holdings Channel reports. The firm owned 18,506 shares of the company’s stock after buying an additional 3,199 shares during the quarter. Mizuho Securities USA LLC’s holdings in The Coca-Cola were worth $849,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Veritas Investment Management LLP bought a new stake in shares of The Coca-Cola in the 3rd quarter worth about $135,000. Spectrum Management Group Inc. bought a new stake in shares of The Coca-Cola in the 3rd quarter worth about $137,000. Legacy Advisors LLC bought a new stake in shares of The Coca-Cola in the 3rd quarter worth about $139,000. Almanack Investment Partners LLC. bought a new stake in shares of The Coca-Cola in the 2nd quarter worth about $142,000. Finally, Shine Investment Advisory Services Inc. lifted its holdings in shares of The Coca-Cola by 102.2% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after acquiring an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 65.13% of the company’s stock.
In other news, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the sale, the insider now directly owns 24,673 shares in the company, valued at approximately $1,183,070.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ed Hays sold 84,400 shares of the firm’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 a total of 122,640 shares of company stock worth $5,800,776 in the last three months. Insiders own 1.51% of the company’s stock.
The Coca-Cola Co (KO) opened at $43.22 on Thursday. 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 company has a market cap of $186,078.81, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.69 and a beta of 0.70. The Coca-Cola Co has a 12-month low of $41.74 and a 12-month high of $48.62.
The Coca-Cola (NYSE:KO) last posted its earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. equities research analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The firm 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 an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.61%. The Coca-Cola’s dividend payout ratio (DPR) is 548.15%.
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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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