Tiaa Fsb lowered its position in shares of The Coca-Cola Co (NYSE:KO) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,522 shares of the company’s stock after selling 2,082 shares during the period. Tiaa Fsb’s holdings in The Coca-Cola were worth $7,615,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orrstown Financial Services Inc. boosted its holdings in shares of The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after purchasing an additional 517 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its holdings in shares of The Coca-Cola by 567.7% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 848 shares of the company’s stock valued at $41,000 after purchasing an additional 721 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of The Coca-Cola in the 4th quarter valued at $45,000. PRW Wealth Management LLC acquired a new stake in shares of The Coca-Cola in the 4th quarter valued at $50,000. Finally, Country Trust Bank boosted its holdings in shares of The Coca-Cola by 2,506.7% in the 4th quarter. Country Trust Bank now owns 1,173 shares of the company’s stock valued at $56,000 after purchasing an additional 1,128 shares in the last quarter. Institutional investors own 67.72% of the company’s stock.
KO has been the topic of a number of research analyst reports. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, May 8th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $47.00 target price on shares of The Coca-Cola in a report on Thursday, February 14th. UBS Group raised their target price on The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Citigroup downgraded The Coca-Cola from a “buy” rating to a “neutral” rating and reduced their target price for the company from $56.00 to $50.00 in a report on Thursday, February 14th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a report on Wednesday, February 13th. Fourteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The Coca-Cola has an average rating of “Hold” and a consensus target price of $51.20.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. During the same quarter last year, the business posted $0.47 EPS. The Coca-Cola’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, research analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, June 13th. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.
In related news, VP Bernhard Goepelt sold 13,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.96, for a total transaction of $636,480.00. Following the completion of the transaction, the vice president now directly owns 151,504 shares of the company’s stock, valued at approximately $7,417,635.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Nancy Quan sold 23,320 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $47.95, for a total value of $1,118,194.00. Following the transaction, the senior vice president now directly owns 165,049 shares of the company’s stock, valued at $7,914,099.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,840 shares of company stock worth $3,257,201. 1.33% of the stock is currently owned by company insiders.
The Coca-Cola Profile
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.
Read More: Support Level
Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Co (NYSE:KO).
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.