Iberiabank Corp grew its holdings in The Coca-Cola Co (NYSE:KO) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,258 shares of the company’s stock after acquiring an additional 9,336 shares during the period. Iberiabank Corp’s holdings in The Coca-Cola were worth $5,063,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KO. Atlantic Trust LLC raised its position in shares of The Coca-Cola by 1.4% during the 2nd quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock valued at $283,000 after purchasing an additional 89 shares during the period. Noesis Capital Mangement Corp raised its position in shares of The Coca-Cola by 1.0% during the 2nd quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock valued at $389,000 after purchasing an additional 90 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of The Coca-Cola by 0.6% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 16,963 shares of the company’s stock valued at $753,000 after purchasing an additional 95 shares during the period. Pacific Center for Financial Services raised its position in shares of The Coca-Cola by 1.4% during the 2nd quarter. Pacific Center for Financial Services now owns 7,422 shares of the company’s stock valued at $333,000 after purchasing an additional 100 shares during the period. Finally, Monetary Management Group Inc. raised its position in shares of The Coca-Cola by 1.0% during the 2nd quarter. Monetary Management Group Inc. now owns 10,625 shares of the company’s stock valued at $477,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.
In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of The Coca-Cola stock in a transaction on Monday, March 12th. The shares were sold at an average price of $45.00, for a total value of $84,735.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathy N. Waller sold 23,240 shares of The Coca-Cola stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Insiders sold a total of 124,523 shares of company stock valued at $5,885,511 over the last three months. Corporate insiders own 1.48% of the company’s stock.
The Coca-Cola Co (NYSE:KO) opened at $44.57 on Wednesday. The Coca-Cola Co has a 52 week low of $41.83 and a 52 week high of $48.62. The company has a market cap of $190,070.00, a price-to-earnings ratio of 40.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.36 billion. During the same period last year, the company posted $0.37 EPS. The business’s revenue was down 20.2% on a year-over-year basis. sell-side analysts anticipate that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.39 dividend. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is presently 134.55%.
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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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