Well Done LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 84.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,327 shares of the company’s stock after buying an additional 4,265 shares during the quarter. Well Done LLC’s holdings in The Coca-Cola were worth $428,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of KO. Canada Pension Plan Investment Board grew its holdings in shares of The Coca-Cola by 69.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock worth $405,847,000 after purchasing an additional 3,700,700 shares during the period. Calamos Advisors LLC raised its position in The Coca-Cola by 5.4% in the 3rd quarter. Calamos Advisors LLC now owns 1,660,216 shares of the company’s stock valued at $74,726,000 after purchasing an additional 84,539 shares in the last quarter. Janney Montgomery Scott LLC raised its position in The Coca-Cola by 3.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 616,268 shares of the company’s stock valued at $27,738,000 after purchasing an additional 21,821 shares in the last quarter. Manchester Capital Management LLC raised its position in The Coca-Cola by 19.9% in the 4th quarter. Manchester Capital Management LLC now owns 45,818 shares of the company’s stock valued at $2,102,000 after purchasing an additional 7,620 shares in the last quarter. Finally, Highstreet Asset Management Inc. raised its position in The Coca-Cola by 2.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 235,983 shares of the company’s stock valued at $10,622,000 after purchasing an additional 5,136 shares in the last quarter. Institutional investors own 66.15% of the company’s stock.
In related news, insider Jennifer K. Mann sold 1,883 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $45.00, for a total transaction of $84,735.00. Following the transaction, the insider now owns 98,995 shares in the company, valued at approximately $4,454,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,183,070.35. The disclosure for this sale can be found here. Insiders have sold a total of 124,523 shares of company stock worth $5,885,511 in the last 90 days. 1.48% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on KO shares. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and increased their price target for the company from $46.04 to $55.00 in a research report on Friday, January 12th. Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Deutsche Bank started coverage on The Coca-Cola in a research report on Wednesday, December 13th. They issued a “buy” rating and a $52.00 price target on the stock. JPMorgan Chase reaffirmed a “neutral” rating and issued a price target (up previously from ) on shares of The Coca-Cola in a research report on Friday, February 16th. Finally, Morgan Stanley reissued a “neutral” rating and set a $49.00 target price (up previously from $48.00) on shares of The Coca-Cola in a research report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The Coca-Cola has a consensus rating of “Hold” and an average price target of $49.21.
NYSE:KO opened at $43.92 on Monday. The company has a market cap of $187,358.58, a P/E ratio of 22.99, a PEG ratio of 2.55 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 52-week low of $42.19 and a 52-week high of $48.62.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results 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 firm had revenue of $7.51 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. research analysts expect that The Coca-Cola Company will post 2.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Wednesday, March 14th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio (DPR) is currently 81.68%.
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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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