Frontier Wealth Management LLC lowered its position in Coca-Cola Company (The) (NYSE:KO) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,118 shares of the company’s stock after selling 2,892 shares during the period. Frontier Wealth Management LLC’s holdings in Coca-Cola were worth $1,754,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of KO. Cambridge Advisors Inc. raised its position in Coca-Cola by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 8,137 shares of the company’s stock worth $365,000 after purchasing an additional 26 shares during the last quarter. Lyell Wealth Management LP raised its position in Coca-Cola by 0.6% in the 2nd quarter. Lyell Wealth Management LP now owns 7,950 shares of the company’s stock worth $359,000 after purchasing an additional 50 shares during the last quarter. Regentatlantic Capital LLC raised its position in Coca-Cola by 0.4% in the 2nd quarter. Regentatlantic Capital LLC now owns 15,826 shares of the company’s stock worth $710,000 after purchasing an additional 64 shares during the last quarter. Vigilant Capital Management LLC raised its position in Coca-Cola by 1.9% in the 2nd quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock worth $161,000 after purchasing an additional 68 shares during the last quarter. Finally, Noesis Capital Mangement Corp grew its holdings in Coca-Cola by 1.0% during the 2nd quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock worth $389,000 after acquiring an additional 90 shares during the period. Institutional investors own 65.38% of the company’s stock.
Coca-Cola Company (NYSE KO) opened at $45.31 on Friday. The firm has a market cap of $193,050.83, a price-to-earnings ratio of 23.97, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. Coca-Cola Company has a one year low of $40.22 and a one year high of $47.48.
Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. analysts predict that Coca-Cola Company will post 1.9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 30th. Coca-Cola’s payout ratio is presently 140.95%.
In other Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.51% of the company’s stock.
A number of analysts have commented on the stock. Susquehanna Bancshares set a $41.00 target price on shares of Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group set a $45.00 target price on shares of Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. J P Morgan Chase & Co set a $49.00 target price on shares of Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, November 16th. Wells Fargo & Company raised shares of Coca-Cola from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $46.72 to $51.00 in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada set a $49.00 target price on shares of Coca-Cola and gave the stock a “buy” rating in a report on Sunday, November 12th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. Coca-Cola currently has a consensus rating of “Hold” and an average price target of $47.80.
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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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