Nissay Asset Management Corp Japan ADV lifted its holdings in The Coca-Cola Co (NYSE:KO) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 427,316 shares of the company’s stock after acquiring an additional 10,422 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in The Coca-Cola were worth $19,738,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Clarus Wealth Advisors purchased a new position in shares of The Coca-Cola in the second quarter worth approximately $101,000. WP Advisors LLC purchased a new position in shares of The Coca-Cola in the second quarter worth approximately $107,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of The Coca-Cola in the second quarter worth approximately $116,000. Westbourne Investment Advisors Inc. purchased a new position in shares of The Coca-Cola in the third quarter worth approximately $117,000. Finally, Fort L.P. purchased a new position in shares of The Coca-Cola in the second quarter worth approximately $122,000. 65.44% of the stock is currently owned by institutional investors.
Shares of KO opened at $48.00 on Friday. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $48.62. The company has a market cap of $204.25 billion, a P/E ratio of 25.13, a P/E/G ratio of 3.01 and a beta of 0.59. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.26.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The firm had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.20 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. On average, equities research analysts predict that The Coca-Cola Co will post 2.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, November 29th. The Coca-Cola’s payout ratio is presently 81.68%.
Several research analysts have recently weighed in on KO shares. Barclays reissued a “buy” rating and issued a $50.00 target price on shares of The Coca-Cola in a research report on Friday, October 5th. Zacks Investment Research downgraded shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. JPMorgan Chase & Co. reissued a “$45.12” rating and issued a $49.00 target price on shares of The Coca-Cola in a research report on Wednesday, July 18th. Jefferies Financial Group set a $48.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Finally, HSBC reissued a “buy” rating and issued a $64.00 target price on shares of The Coca-Cola in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $51.22.
In other The Coca-Cola news, SVP Beatriz R. Perez sold 10,000 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total value of $479,800.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares in the company, valued at $4,445,107.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian John Smith sold 43,000 shares of The Coca-Cola stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $48.00, for a total transaction of $2,064,000.00. Following the completion of the sale, the insider now owns 123,908 shares of the company’s stock, valued at $5,947,584. The disclosure for this sale can be found here. Insiders have sold 61,754 shares of company stock worth $2,954,800 over the last ninety days. 1.48% of the stock is currently owned by insiders.
The Coca-Cola Company 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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