Mcdaniel Terry & Co. decreased its holdings in shares of The Coca-Cola Company (NYSE:KO) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,308 shares of the company’s stock after selling 1,804 shares during the period. The Coca-Cola comprises approximately 3.2% of Mcdaniel Terry & Co.’s holdings, making the stock its 17th largest position. Mcdaniel Terry & Co.’s holdings in The Coca-Cola were worth $18,366,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Veritas Investment Management LLP bought a new stake in shares of The Coca-Cola during the 3rd quarter valued at $135,000. Spectrum Management Group Inc. bought a new stake in shares of The Coca-Cola during the 3rd quarter valued at $137,000. Legacy Advisors LLC bought a new stake in shares of The Coca-Cola during the 3rd quarter valued at $139,000. Goodman Financial Corp bought a new stake in shares of The Coca-Cola during the 4th quarter valued at $143,000. Finally, Almanack Investment Partners LLC. bought a new stake in shares of The Coca-Cola during the 2nd quarter valued at $142,000. 66.15% of the stock is owned by hedge funds and other institutional investors.
KO opened at $43.92 on Friday. The Coca-Cola Company has a 52 week low of $42.19 and a 52 week high of $48.62. The stock has a market cap of $189,406.22, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.57 and a beta of 0.72. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Wednesday, March 14th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio is 81.68%.
A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $49.00 price objective on shares of The Coca-Cola in a research report on Friday, December 22nd. Goldman Sachs set a $49.00 target price on shares of The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, January 10th. Susquehanna Bancshares set a $45.00 target price on shares of The Coca-Cola and gave the stock a “hold” rating in a report on Monday, February 12th. Morningstar set a $48.50 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Vetr downgraded shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 target price for the company. in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and a consensus price target of $49.21.
In other news, CFO Kathy N. Waller sold 23,240 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were 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 directly owns 123,796 shares in the company, valued at approximately $5,713,185.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the sale, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. 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 three months. Insiders own 1.48% of the company’s stock.
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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