Mutual of America Capital Management LLC increased its holdings in shares of The Coca-Cola Co (NYSE:KO) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 484,241 shares of the company’s stock after buying an additional 15,670 shares during the period. Mutual of America Capital Management LLC’s holdings in The Coca-Cola were worth $22,217,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Veritas Investment Management LLP acquired a new stake in The Coca-Cola during the third quarter worth approximately $135,000. Spectrum Management Group Inc. acquired a new stake in The Coca-Cola during the third quarter worth approximately $137,000. Legacy Advisors LLC acquired a new stake in The Coca-Cola during the third quarter worth approximately $139,000. Almanack Investment Partners LLC. acquired a new stake in The Coca-Cola during the second quarter worth approximately $142,000. Finally, Shine Investment Advisory Services Inc. lifted its position in The Coca-Cola by 102.2% during the third quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after acquiring an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.
Several equities research analysts have issued reports on the stock. Morningstar set a $48.50 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Credit Suisse Group reiterated an “outperform” rating and issued a $53.00 price target (up from $51.00) on shares of The Coca-Cola in a research report on Tuesday, February 20th. Jefferies Group reiterated a “neutral” rating and issued a $49.00 price target on shares of The Coca-Cola in a research report on Tuesday, February 20th. Morgan Stanley reiterated a “neutral” rating and issued a $49.00 price target (up from $48.00) on shares of The Coca-Cola in a research report on Monday, February 19th. Finally, Societe Generale reiterated a “neutral” rating and issued a $48.80 price target on shares of The Coca-Cola in a research report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the stock. The Coca-Cola presently has a consensus rating of “Hold” and an average price target of $49.21.
The Coca-Cola Co (NYSE KO) opened at $44.82 on Monday. The Coca-Cola Co has a 1 year low of $41.83 and a 1 year high of $48.62. The company has a market cap of $191,197.89, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.60 and a beta of 0.77. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 1.34.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.36 billion. During the same period in the previous year, the business earned $0.37 earnings per share. The company’s revenue was down 20.2% on a year-over-year basis. equities research analysts anticipate that The Coca-Cola Co will post 2.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.39 per share. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.48%. The ex-dividend date is Wednesday, March 14th. The Coca-Cola’s payout ratio is currently 548.15%.
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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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