Northwest Quadrant Wealth Management LLC purchased a new position in The Coca-Cola Co (NYSE:KO) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,753 shares of the company’s stock, valued at approximately $198,000.
Several other large investors have also recently made changes to their positions in KO. Macquarie Group Ltd. increased its stake in shares of The Coca-Cola by 18.7% in the second quarter. Macquarie Group Ltd. now owns 227,623 shares of the company’s stock worth $10,319,000 after buying an additional 35,860 shares during the last quarter. Indiana Trust & Investment Management CO increased its stake in shares of The Coca-Cola by 1.6% in the third quarter. Indiana Trust & Investment Management CO now owns 8,285 shares of the company’s stock worth $351,000 after buying an additional 130 shares in the last quarter. McQueen Ball & Associates Inc. increased its stake in shares of The Coca-Cola by 0.5% in the third quarter. McQueen Ball & Associates Inc. now owns 40,291 shares of the company’s stock worth $1,705,000 after buying an additional 182 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in shares of The Coca-Cola by 0.7% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 75,164 shares of the company’s stock worth $3,181,000 after buying an additional 548 shares in the last quarter. Finally, Private Asset Management Inc. increased its stake in shares of The Coca-Cola by 1.8% in the third quarter. Private Asset Management Inc. now owns 11,597 shares of the company’s stock worth $491,000 after buying an additional 200 shares in the last quarter. 63.88% of the stock is currently owned by hedge funds and other institutional investors.
The Coca-Cola Co (NYSE:KO) traded down 0.05% during mid-day trading on Friday, reaching $43.07. 15,533,225 shares of the company traded hands. The company’s 50 day moving average price is $42.47 and its 200 day moving average price is $41.77. The Coca-Cola Co has a 12-month low of $39.88 and a 12-month high of $46.01. The firm has a market capitalization of $184.92 billion, a P/E ratio of 28.91 and a beta of 0.69. The Coca-Cola also was the recipient of some unusual options trading on Tuesday. Investors purchased 12,635 call options on the company. This is an increase of 130% compared to the average daily volume of 5,490 call options.
The Coca-Cola (NYSE:KO) last announced its earnings results on Thursday, February 9th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The firm earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.21 billion. The Coca-Cola had a return on equity of 32.94% and a net margin of 15.59%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. Equities research analysts predict that The Coca-Cola Co will post $1.88 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Wednesday, March 15th were given a $0.37 dividend. The ex-dividend date was Monday, March 13th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.43%. The Coca-Cola’s dividend payout ratio is 93.33%.
KO has been the topic 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 downgraded shares of The Coca-Cola from an “outperform” rating to a “market perform” rating and raised their target price for the company from $41.05 to $41.29 in a research note on Thursday, January 19th. Zacks Investment Research downgraded 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 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Monday, March 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of The Coca-Cola in a research note on Tuesday, March 21st. They set a “neutral” rating and a $43.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The Coca-Cola currently has an average rating of “Hold” and a consensus target price of $43.91.
About The Coca-Cola
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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