Ausdal Financial Partners Inc. decreased its position in shares of The Coca-Cola Co (NYSE:KO) by 36.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,338 shares of the company’s stock after selling 5,433 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in The Coca-Cola were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Transamerica Financial Advisors Inc. grew its holdings in shares of The Coca-Cola by 567.7% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock valued at $41,000 after buying an additional 721 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of The Coca-Cola during the fourth quarter valued at approximately $45,000. Cordasco Financial Network grew its holdings in shares of The Coca-Cola by 26.1% during the fourth quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after buying an additional 214 shares during the last quarter. Country Trust Bank grew its holdings in shares of The Coca-Cola by 2,506.7% during the fourth quarter. Country Trust Bank now owns 1,173 shares of the company’s stock valued at $56,000 after buying an additional 1,128 shares during the last quarter. Finally, Financial Advantage Inc. purchased a new stake in shares of The Coca-Cola during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 67.82% of the company’s stock.
Several brokerages recently issued reports on KO. Credit Suisse Group began coverage on shares of The Coca-Cola in a report on Wednesday, March 6th. They issued a “neutral” rating and a $48.00 target price on the stock. Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the stock a “hold” rating in a report on Friday, February 15th. Zacks Investment Research cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a report on Wednesday, February 13th. Finally, Jefferies Financial Group restated a “neutral” rating and issued a $49.00 target price on shares of The Coca-Cola in a report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The Coca-Cola presently has an average rating of “Hold” and a consensus price target of $50.60.
KO opened at $46.18 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.95 and a current ratio of 1.05. The Coca-Cola Co has a 1-year low of $41.45 and a 1-year high of $50.84. The company has a market capitalization of $197.21 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 3.15 and a beta of 0.52.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The business had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the firm earned $0.39 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. On average, equities analysts anticipate that The Coca-Cola Co will post 2.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.40 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.46%. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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