Hudock Capital Group LLC reduced its position in The Coca-Cola Co (NYSE:KO) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,178 shares of the company’s stock after selling 2,588 shares during the quarter. The Coca-Cola accounts for approximately 0.6% of Hudock Capital Group LLC’s holdings, making the stock its 29th biggest holding. Hudock Capital Group LLC’s holdings in The Coca-Cola were worth $1,476,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Beach Investment Management LLC. purchased a new position in shares of The Coca-Cola during the second quarter worth approximately $736,000. Highstreet Asset Management Inc. increased its position in shares of The Coca-Cola by 358.6% during the second quarter. Highstreet Asset Management Inc. now owns 230,847 shares of the company’s stock worth $10,358,000 after acquiring an additional 180,509 shares during the period. Ballentine Partners LLC increased its position in shares of The Coca-Cola by 35.4% during the second quarter. Ballentine Partners LLC now owns 29,673 shares of the company’s stock worth $1,340,000 after acquiring an additional 7,761 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of The Coca-Cola by 0.6% during the second quarter. Deprince Race & Zollo Inc. now owns 948,252 shares of the company’s stock worth $42,529,000 after acquiring an additional 6,050 shares during the period. Finally, Hartland & Co. LLC increased its position in shares of The Coca-Cola by 0.4% during the second quarter. Hartland & Co. LLC now owns 93,668 shares of the company’s stock worth $4,201,000 after acquiring an additional 412 shares during the period. 65.30% of the stock is currently owned by institutional investors.
In other news, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total transaction of $4,009,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is owned by insiders.
The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion during 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 Coca-Cola’s revenue was down 20.2% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. equities research analysts anticipate that The Coca-Cola Co will post 2.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.48%. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is 548.15%.
KO has been the topic of a number of research reports. Royal Bank of Canada set a $49.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Sunday, November 12th. Deutsche Bank initiated coverage on shares of The Coca-Cola in a research note on Wednesday, December 13th. They set a “buy” rating and a $52.00 price objective on the stock. Vetr upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a research note on Monday, December 11th. Credit Suisse Group reiterated a “buy” rating on shares of The Coca-Cola in a research note on Tuesday, February 13th. Finally, Morningstar set a $48.50 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.21.
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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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