First American Trust FSB boosted its holdings in shares of The Coca-Cola Co (NYSE:KO) by 357.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 133,356 shares of the company’s stock after acquiring an additional 104,197 shares during the period. The Coca-Cola accounts for 1.4% of First American Trust FSB’s portfolio, making the stock its 18th largest position. First American Trust FSB’s holdings in The Coca-Cola were worth $5,849,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KO. Princeton Capital Management LLC acquired a new position in shares of The Coca-Cola in the 1st quarter valued at $100,000. Clarus Wealth Advisors acquired a new position in shares of The Coca-Cola in the 2nd quarter valued at $101,000. Santori & Peters Inc. acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $127,000. Goodman Financial Corp acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $143,000. Finally, First Dallas Securities Inc. acquired a new position in shares of The Coca-Cola in the 4th quarter valued at $155,000. 65.71% of the stock is owned by hedge funds and other institutional investors.
NYSE:KO traded up $0.09 on Friday, hitting $44.75. 449,708 shares of the company’s stock were exchanged, compared to its average volume of 11,814,467. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.21 and a quick ratio of 1.12. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $48.62. The stock has a market capitalization of $187.66 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.60 and a beta of 0.74.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The Coca-Cola had a net margin of 4.23% and a return on equity of 39.54%. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. analysts anticipate that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 2nd. Shareholders of record on Friday, June 15th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, June 14th. This represents a $1.56 annualized dividend and a yield of 3.49%. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
Several equities analysts have recently issued reports on KO shares. Zacks Investment Research lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. Barclays reissued a “neutral” rating and issued a $45.00 price target on shares of The Coca-Cola in a report on Thursday, March 15th. Goldman Sachs Group raised shares of The Coca-Cola from a “sell” rating to a “neutral” rating and set a $46.00 price target for the company in a report on Tuesday, April 17th. Citigroup reissued a “buy” rating on shares of The Coca-Cola in a report on Thursday, May 17th. Finally, Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a report on Friday, May 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.42.
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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