Goodman Financial Corp bought a new stake in The Coca-Cola Company (NYSE:KO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,117 shares of the company’s stock, valued at approximately $143,000.
Other hedge funds have also bought and sold shares of the company. Beach Investment Management LLC. purchased a new position in The Coca-Cola during the second quarter worth $736,000. Smith Chas P & Associates PA Cpas boosted its stake in The Coca-Cola by 0.8% during the second quarter. Smith Chas P & Associates PA Cpas now owns 526,479 shares of the company’s stock worth $23,613,000 after buying an additional 4,426 shares during the period. Mosaic Family Wealth LLC boosted its stake in The Coca-Cola by 84.5% during the second quarter. Mosaic Family Wealth LLC now owns 23,370 shares of the company’s stock worth $1,048,000 after buying an additional 10,702 shares during the period. Advisors Management Group Inc. ADV boosted its stake in The Coca-Cola by 20.9% during the second quarter. Advisors Management Group Inc. ADV now owns 18,543 shares of the company’s stock worth $832,000 after buying an additional 3,209 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in The Coca-Cola by 14.6% during the second quarter. Federated Investors Inc. PA now owns 19,202,172 shares of the company’s stock worth $861,217,000 after buying an additional 2,440,395 shares during the period. 66.15% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on KO shares. Evercore ISI raised shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $46.04 to $55.00 in a research note on Friday, January 12th. Royal Bank of Canada set a $56.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Credit Suisse Group reiterated an “outperform” rating and set a $53.00 target price (up from $51.00) on shares of The Coca-Cola in a research report on Tuesday, February 20th. Deutsche Bank assumed coverage on The Coca-Cola in a research report on Wednesday, December 13th. They set a “buy” rating and a $52.00 target price for the company. Finally, Jefferies Group set a $50.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.21.
Shares of KO stock traded down $0.48 on Friday, hitting $43.92. The stock had a trading volume of 11,494,975 shares, compared to its average volume of 12,834,890. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25. The company has a market capitalization of $189,406.22, a P/E ratio of 22.99, a PEG ratio of 2.57 and a beta of 0.72. The Coca-Cola Company has a one year low of $42.19 and a one year high of $48.62.
The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The firm’s revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. analysts anticipate that The Coca-Cola Company will post 2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were issued a $0.39 dividend. The ex-dividend date was Wednesday, March 14th. 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 yield of 3.55%. The Coca-Cola’s payout ratio is currently 81.68%.
In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $45.00, for a total value of $84,735.00. Following the completion of the transaction, the insider now directly owns 98,995 shares in the company, valued at $4,454,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The disclosure for this sale can be found here. Insiders sold 124,523 shares of company stock valued at $5,885,511 over the last quarter. 1.48% of the stock is currently owned by corporate insiders.
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About The Coca-Cola
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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