Pioneer Trust Bank N A OR boosted its holdings in The Coca-Cola Co (NYSE:KO) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,215 shares of the company’s stock after acquiring an additional 3,210 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in The Coca-Cola were worth $1,627,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in The Coca-Cola by 11.0% during the 1st quarter. Russell Investments Group Ltd. now owns 7,502,850 shares of the company’s stock valued at $325,398,000 after acquiring an additional 740,527 shares during the last quarter. Tibra Equities Europe Ltd bought a new position in The Coca-Cola during the 1st quarter valued at $21,800,000. Sei Investments Co. boosted its stake in The Coca-Cola by 34.5% during the 1st quarter. Sei Investments Co. now owns 995,863 shares of the company’s stock valued at $43,250,000 after acquiring an additional 255,573 shares during the last quarter. Stifel Financial Corp boosted its stake in The Coca-Cola by 1.1% during the 1st quarter. Stifel Financial Corp now owns 4,358,038 shares of the company’s stock valued at $189,250,000 after acquiring an additional 47,482 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in The Coca-Cola during the 1st quarter valued at $2,399,000. Institutional investors and hedge funds own 65.31% of the company’s stock.
A number of research analysts have commented on KO shares. Macquarie reiterated a “neutral” rating and set a $47.00 price objective on shares of The Coca-Cola in a research note on Wednesday, June 13th. Zacks Investment Research downgraded shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Jefferies Financial Group reiterated a “neutral” rating and set a $45.00 price objective on shares of The Coca-Cola in a research note on Tuesday, July 10th. Stifel Nicolaus reiterated a “neutral” rating and set a $49.00 price objective on shares of The Coca-Cola in a research note on Monday, July 16th. Finally, JPMorgan Chase & Co. reiterated a “$45.12” rating and set a $49.00 price objective on shares of The Coca-Cola in a research note on Wednesday, July 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $50.64.
The Coca-Cola stock opened at $45.68 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.15. The Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $48.62. The stock has a market capitalization of $197.04 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.85 and a beta of 0.74.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, research analysts expect that The Coca-Cola Co will post 2.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.42%. The Coca-Cola’s payout ratio is currently 81.68%.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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