Monetary Management Group Inc. boosted its stake in shares of The Coca-Cola Co (NYSE:KO) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,025 shares of the company’s stock after buying an additional 600 shares during the period. Monetary Management Group Inc.’s holdings in The Coca-Cola were worth $457,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Searle & CO. purchased a new position in The Coca-Cola during the third quarter worth $230,000. Ronna Sue Cohen boosted its position in The Coca-Cola by 1.3% in the third quarter. Ronna Sue Cohen now owns 45,302 shares of the company’s stock worth $1,917,000 after buying an additional 590 shares during the period. Advisory Services Network LLC boosted its position in The Coca-Cola by 5.5% in the third quarter. Advisory Services Network LLC now owns 33,159 shares of the company’s stock worth $1,403,000 after buying an additional 1,727 shares during the period. Lawson Kroeker Investment Management Inc. NE boosted its position in The Coca-Cola by 8.9% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 23,860 shares of the company’s stock worth $1,010,000 after buying an additional 1,950 shares during the period. Finally, Independence Advisors LLC purchased a new position in The Coca-Cola during the third quarter worth $440,000. 63.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Coca-Cola Co (NYSE:KO) traded down 0.05% on Friday, reaching $43.07. The company’s stock had a trading volume of 15,533,225 shares. The company has a 50 day moving average of $42.47 and a 200 day moving average of $41.77. The stock has a market capitalization of $184.92 billion, a P/E ratio of 28.91 and a beta of 0.69. The Coca-Cola Co has a 1-year low of $39.88 and a 1-year high of $46.01. The Coca-Cola also saw unusually large options trading on Tuesday. Investors acquired 12,635 call options on the company. This is an increase of approximately 130% compared to the average daily volume of 5,490 call options.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The Coca-Cola had a return on equity of 32.94% and a net margin of 15.59%. The company earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities research analysts expect that The Coca-Cola Co will post $1.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.35. The Coca-Cola’s payout ratio is currently 93.33%.
KO has been the subject of a number of recent analyst reports. Sanford C. Bernstein set a $48.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Friday, January 6th. Wells Fargo & Co lowered shares of The Coca-Cola from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $41.05 to $41.29 in a research note on Thursday, January 19th. Zacks Investment Research lowered shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Barclays PLC set a $43.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Monday, March 13th. Finally, JPMorgan Chase & Co. began coverage on shares of The Coca-Cola in a research report on Tuesday, March 21st. They set a “neutral” rating and a $43.00 price target for the company. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The Coca-Cola currently has an average rating of “Hold” and a consensus price target of $43.91.
The Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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