Dividend Assets Capital LLC trimmed its stake in The Coca-Cola Company (NYSE:KO – Get Rating) by 5.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,740 shares of the company’s stock after selling 778 shares during the quarter. Dividend Assets Capital LLC’s holdings in Coca-Cola were worth $790,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. OLD Mission Capital LLC bought a new position in shares of Coca-Cola during the third quarter valued at $244,000. Morgan Stanley lifted its holdings in shares of Coca-Cola by 2.0% during the second quarter. Morgan Stanley now owns 48,263,840 shares of the company’s stock valued at $2,611,557,000 after purchasing an additional 951,106 shares in the last quarter. New World Advisors LLC bought a new position in shares of Coca-Cola during the third quarter valued at $393,000. EagleClaw Capital Managment LLC lifted its holdings in shares of Coca-Cola by 1.3% during the third quarter. EagleClaw Capital Managment LLC now owns 16,154 shares of the company’s stock valued at $846,000 after purchasing an additional 200 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Coca-Cola by 14.9% during the third quarter. Thrivent Financial for Lutherans now owns 592,843 shares of the company’s stock valued at $31,413,000 after purchasing an additional 76,775 shares in the last quarter. 68.51% of the stock is currently owned by institutional investors and hedge funds.
KO has been the subject of a number of research reports. Truist Financial upped their price objective on Coca-Cola from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 26th. DZ Bank cut Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a research report on Thursday, April 28th. JPMorgan Chase & Co. upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, March 30th. Citigroup upped their price objective on Coca-Cola from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, April 26th. Finally, Guggenheim upped their price target on Coca-Cola from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.05.
NYSE KO opened at $60.70 on Wednesday. The business has a 50-day moving average price of $63.52 and a 200-day moving average price of $61.45. The Coca-Cola Company has a twelve month low of $52.28 and a twelve month high of $67.20. The firm has a market cap of $263.14 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 3.45 and a beta of 0.58. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 1.38.
Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The company had revenue of $10.50 billion during the quarter, compared to analyst estimates of $9.83 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. Research analysts expect that The Coca-Cola Company will post 2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Tuesday, June 14th. Coca-Cola’s payout ratio is presently 73.95%.
About Coca-Cola (Get Rating)
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
- Get a free copy of the StockNews.com research report on Coca-Cola (KO)
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