Ullmann Financial Group Inc. raised its position in The Coca-Cola Company (NYSE:KO) by 192.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,876 shares of the company’s stock after acquiring an additional 10,453 shares during the period. The Coca-Cola comprises approximately 0.5% of Ullmann Financial Group Inc.’s investment portfolio, making the stock its 24th biggest position. Ullmann Financial Group Inc.’s holdings in The Coca-Cola were worth $730,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of KO. Beach Investment Management LLC. bought a new position in The Coca-Cola in the second quarter valued at about $736,000. Chilton Investment Co. LLC lifted its holdings in The Coca-Cola by 1.1% in the second quarter. Chilton Investment Co. LLC now owns 276,149 shares of the company’s stock valued at $12,385,000 after acquiring an additional 2,994 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in The Coca-Cola by 0.8% in the second quarter. Flagship Harbor Advisors LLC now owns 18,908 shares of the company’s stock valued at $837,000 after acquiring an additional 149 shares during the period. Intercontinental Wealth Advisors LLC bought a new position in The Coca-Cola in the second quarter valued at about $226,000. Finally, Farr Miller & Washington LLC DC lifted its holdings in The Coca-Cola by 4.2% in the second quarter. Farr Miller & Washington LLC DC now owns 70,682 shares of the company’s stock valued at $3,170,000 after acquiring an additional 2,877 shares during the period. 66.15% of the stock is currently owned by institutional investors.
KO has been the topic of a number of recent research reports. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price on the stock in a report on Monday, December 11th. Deutsche Bank began coverage on The Coca-Cola in a research report on Wednesday, December 13th. They issued a “buy” rating and a $52.00 price target for the company. JPMorgan Chase set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, December 15th. Susquehanna Bancshares set a $45.00 price target on The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus price target of $49.21.
The Coca-Cola (NYSE:KO) last released its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue was down 20.2% on a year-over-year basis. research analysts anticipate that The Coca-Cola Company will post 2.09 EPS for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.55%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.
In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $45.00, for a total transaction of $84,735.00. Following the completion of the transaction, the insider now owns 98,995 shares in the company, valued at approximately $4,454,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the transaction, the chief financial officer now owns 123,796 shares of the company’s stock, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. Insiders have sold a total of 124,523 shares of company stock valued at $5,885,511 in the last 90 days. 1.48% of the stock is currently owned by company insiders.
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The Coca-Cola Company Profile
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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