Ferris Capital LLC raised its position in shares of The Coca-Cola Company (NYSE:KO) by 115.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,086 shares of the company’s stock after acquiring an additional 11,823 shares during the quarter. Ferris Capital LLC’s holdings in The Coca-Cola were worth $1,013,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Veritas Investment Management LLP acquired a new stake in shares of The Coca-Cola in the third quarter valued at approximately $135,000. Spectrum Management Group Inc. purchased a new position in The Coca-Cola in the third quarter worth approximately $137,000. Legacy Advisors LLC purchased a new position in The Coca-Cola in the third quarter worth approximately $139,000. Goodman Financial Corp purchased a new position in The Coca-Cola in the fourth quarter worth approximately $143,000. Finally, Almanack Investment Partners LLC. purchased a new position in The Coca-Cola in the second quarter worth approximately $142,000. 66.15% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on KO. Barclays reiterated a “neutral” rating and issued a $45.00 price objective on shares of The Coca-Cola in a research report on Thursday, March 15th. Morningstar set a $48.50 price objective on The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Credit Suisse Group reiterated an “outperform” rating and issued a $53.00 price objective (up from $51.00) on shares of The Coca-Cola in a research report on Tuesday, February 20th. Jefferies Group reiterated a “neutral” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research report on Tuesday, February 20th. Finally, Morgan Stanley reiterated a “neutral” rating and issued a $49.00 price objective (up from $48.00) on shares of The Coca-Cola in a research report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $49.21.
KO opened at $43.92 on Monday. The Coca-Cola Company has a 52 week low of $42.19 and a 52 week high of $48.62. The firm has a market cap of $187,358.58, a PE ratio of 22.99, a PEG ratio of 2.55 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 Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The company’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period last year, the business posted $0.37 earnings per share. equities research analysts predict that The Coca-Cola Company will post 2.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. The Coca-Cola’s dividend payout ratio (DPR) is 81.68%.
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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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