Montag A & Associates Inc. boosted its stake in shares of The Coca-Cola Company (NYSE:KO) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 789,961 shares of the company’s stock after acquiring an additional 10,567 shares during the quarter. The Coca-Cola accounts for 3.5% of Montag A & Associates Inc.’s holdings, making the stock its 4th largest position. Montag A & Associates Inc.’s holdings in The Coca-Cola were worth $36,243,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Beach Investment Management LLC. purchased a new stake in shares of The Coca-Cola in the second quarter valued at approximately $736,000. Chilton Investment Co. LLC increased its position in shares of The Coca-Cola by 1.1% in the second quarter. Chilton Investment Co. LLC now owns 276,149 shares of the company’s stock valued at $12,385,000 after buying an additional 2,994 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of The Coca-Cola by 0.8% in the second quarter. Flagship Harbor Advisors LLC now owns 18,908 shares of the company’s stock valued at $837,000 after buying an additional 149 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in shares of The Coca-Cola in the second quarter valued at approximately $226,000. Finally, Farr Miller & Washington LLC DC increased its position in shares of The Coca-Cola by 4.2% in the second quarter. Farr Miller & Washington LLC DC now owns 70,682 shares of the company’s stock valued at $3,170,000 after buying an additional 2,877 shares in the last quarter. Institutional investors own 66.15% of the company’s stock.
In other news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was 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 of the company’s stock, valued at approximately $1,183,070.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ed Hays sold 84,400 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. Insiders have sold 124,523 shares of company stock worth $5,885,511 in the last three months. 1.48% of the stock is currently owned by corporate insiders.
A number of analysts have recently commented on the company. BMO Capital Markets restated a “market perform” rating and issued a $48.00 price objective (up from $47.00) on shares of The Coca-Cola in a research report on Friday, February 16th. Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, December 20th. Jefferies Group restated a “neutral” rating and issued a $49.00 price objective on shares of The Coca-Cola in a research report on Tuesday, February 20th. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target on the stock in a research note on Monday, December 11th. Finally, Goldman Sachs set a $49.00 price target on The Coca-Cola and gave the stock a “sell” rating in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.21.
NYSE KO opened at $43.92 on Friday. The firm has a market cap of $188,723.67, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.56 and a beta of 0.72. 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 Coca-Cola Company has a fifty-two week low of $42.19 and a fifty-two week high of $48.62.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, February 16th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. equities analysts anticipate that The Coca-Cola Company will post 2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s payout ratio is 81.68%.
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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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