Wealth Enhancement Advisory Services LLC lowered its stake in shares of The Coca-Cola Co (NYSE:KO) by 33.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,670 shares of the company’s stock after selling 28,035 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in The Coca-Cola were worth $2,523,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in The Coca-Cola by 2.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 99,494 shares of the company’s stock worth $4,565,000 after buying an additional 2,115 shares during the period. TRUE Private Wealth Advisors boosted its holdings in The Coca-Cola by 11.5% in the 4th quarter. TRUE Private Wealth Advisors now owns 23,480 shares of the company’s stock worth $1,077,000 after buying an additional 2,418 shares during the period. Personal Capital Advisors Corp boosted its holdings in The Coca-Cola by 9.0% in the 4th quarter. Personal Capital Advisors Corp now owns 575,756 shares of the company’s stock worth $26,416,000 after buying an additional 47,740 shares during the period. Naples Global Advisors LLC boosted its holdings in The Coca-Cola by 6.8% in the 4th quarter. Naples Global Advisors LLC now owns 21,763 shares of the company’s stock worth $999,000 after buying an additional 1,391 shares during the period. Finally, Bartlett & Co. LLC boosted its holdings in The Coca-Cola by 1.8% in the 4th quarter. Bartlett & Co. LLC now owns 112,860 shares of the company’s stock worth $5,178,000 after buying an additional 2,004 shares during the period. Institutional investors own 65.13% of the company’s stock.
Several research firms recently commented on KO. BMO Capital Markets reaffirmed a “market perform” rating and issued a $48.00 price objective (up from $47.00) on shares of The Coca-Cola in a report on Friday, February 16th. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, December 20th. Jefferies Group reaffirmed a “neutral” rating and issued a $49.00 price objective on shares of The Coca-Cola in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $49.24.
In related news, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the transaction, the insider now owns 24,673 shares in the company, valued at approximately $1,183,070.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 122,640 shares of company stock valued at $5,800,776 over the last ninety days. 1.51% of the stock is currently owned by insiders.
Shares of The Coca-Cola Co (NYSE:KO) opened at $44.04 on Friday. The Coca-Cola Co has a fifty-two week low of $41.58 and a fifty-two week high of $48.62. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The stock has a market cap of $187,640.00, a price-to-earnings ratio of 40.04, a PEG ratio of 2.72 and a beta of 0.70.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.39 earnings per share (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 company 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 firm posted $0.37 EPS. The firm’s revenue was down 20.2% compared to the same quarter last year. research analysts predict that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued 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 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s payout ratio is currently 134.55%.
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The Coca-Cola 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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