GWM Advisors LLC lessened its holdings in The Coca-Cola Company (NYSE:KO) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,925 shares of the company’s stock after selling 1,866 shares during the quarter. GWM Advisors LLC’s holdings in The Coca-Cola were worth $2,205,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Veritas Investment Management LLP acquired a new stake in The Coca-Cola in the third quarter worth about $135,000. Spectrum Management Group Inc. acquired a new stake in The Coca-Cola in the third quarter worth about $137,000. Legacy Advisors LLC acquired a new stake in The Coca-Cola in the third quarter worth about $139,000. Goodman Financial Corp acquired a new stake in The Coca-Cola in the fourth quarter worth about $143,000. Finally, Almanack Investment Partners LLC. acquired a new stake in The Coca-Cola in the second quarter worth about $142,000. 66.15% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on KO shares. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target for the company in a report on Friday, December 22nd. Royal Bank of Canada set a $56.00 price objective on The Coca-Cola and gave the stock a “buy” rating in a research note on Thursday, December 21st. Deutsche Bank started coverage on The Coca-Cola in a research note on Wednesday, December 13th. They issued a “buy” rating and a $52.00 price objective for the company. Credit Suisse Group restated 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 The Coca-Cola and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $49.21.
Shares of KO stock opened at $44.40 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25. The company has a market cap of $185,055.00, a P/E ratio of 23.25, a P/E/G ratio of 2.51 and a beta of 0.72. The Coca-Cola Company has a twelve month low of $42.19 and a twelve month high of $48.62.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The Coca-Cola’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period last year, the business earned $0.37 earnings per share. equities analysts predict that The Coca-Cola Company will post 2.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were given a dividend of $0.39 per share. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.51%. The ex-dividend date was Wednesday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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