Front Row Advisors LLC bought a new stake in The Coca-Cola Co (NYSE:KO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 32,320 shares of the company’s stock, valued at approximately $1,483,000. The Coca-Cola accounts for approximately 1.2% of Front Row Advisors LLC’s holdings, making the stock its 22nd largest holding.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Swiss National Bank raised its position in shares of The Coca-Cola by 3.0% during the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after acquiring an additional 470,700 shares in the last quarter. Amalgamated Bank raised its position in shares of The Coca-Cola by 54.8% during the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock valued at $20,118,000 after acquiring an additional 158,741 shares in the last quarter. Flippin Bruce & Porter Inc. raised its position in shares of The Coca-Cola by 1.8% during the 2nd quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock valued at $4,397,000 after acquiring an additional 1,705 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of The Coca-Cola by 69.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock valued at $405,847,000 after acquiring an additional 3,700,700 shares in the last quarter. Finally, Calamos Advisors LLC raised its position in shares of The Coca-Cola by 5.4% during the 3rd quarter. Calamos Advisors LLC now owns 1,660,216 shares of the company’s stock valued at $74,726,000 after acquiring an additional 84,539 shares in the last quarter. 66.16% of the stock is currently owned by institutional investors.
In other news, insider Ed Hays sold 84,400 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer K. Mann sold 1,883 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $45.00, for a total value of $84,735.00. The disclosure for this sale can be found here. In the last three months, insiders sold 124,523 shares of company stock valued at $5,885,511. Company insiders own 1.48% of the company’s stock.
The Coca-Cola Co (NYSE KO) opened at $44.57 on Wednesday. The Coca-Cola Co has a 52 week low of $41.83 and a 52 week high of $48.62. The stock has a market capitalization of $190,070.00, a price-to-earnings ratio of 40.52, a PEG ratio of 2.60 and a beta of 0.77. 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 (NYSE:KO) last released its quarterly earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was down 20.2% compared to the same quarter last year. research analysts expect that The Coca-Cola Co will post 2.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.39 dividend. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.50%. The Coca-Cola’s dividend payout ratio is presently 134.55%.
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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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