Sageworth Trust Co grew its stake in shares of The Coca-Cola Co (NYSE:KO) by 69.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,927 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Sageworth Trust Co’s holdings in The Coca-Cola were worth $135,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of KO. C WorldWide Group Holding A S grew its holdings in shares of The Coca-Cola by 873.0% during the 2nd quarter. C WorldWide Group Holding A S now owns 7,630,919 shares of the company’s stock valued at $334,692,000 after acquiring an additional 6,846,641 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in shares of The Coca-Cola during the 2nd quarter valued at $206,654,000. Natixis grew its holdings in shares of The Coca-Cola by 218.3% during the 2nd quarter. Natixis now owns 4,080,146 shares of the company’s stock valued at $178,955,000 after acquiring an additional 2,798,257 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of The Coca-Cola by 47.4% during the 3rd quarter. Bank of Montreal Can now owns 5,934,198 shares of the company’s stock valued at $274,099,000 after acquiring an additional 1,907,604 shares in the last quarter. Finally, Unigestion Holding SA purchased a new position in shares of The Coca-Cola during the 2nd quarter valued at $78,078,000. Institutional investors and hedge funds own 65.44% of the company’s stock.
Shares of NYSE:KO opened at $48.00 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 1.06. The Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $48.62. The firm has a market capitalization of $204.25 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 3.01 and a beta of 0.59.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (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 company had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $8.20 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. As a group, equities analysts anticipate that The Coca-Cola Co will post 2.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued 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 dividend payout ratio (DPR) is 81.68%.
In other The Coca-Cola news, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $47.98, for a total transaction 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 can be accessed through this hyperlink. Also, SVP James L. Dinkins sold 8,754 shares of the company’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now owns 28,354 shares of the company’s stock, valued at $1,331,220.30. The disclosure for this sale can be found here. Insiders have sold 61,754 shares of company stock valued at $2,954,800 over the last 90 days. Corporate insiders own 1.48% of the company’s stock.
Several equities analysts have recently commented on KO shares. Jefferies Financial Group restated a “neutral” rating and set a $45.00 price target on shares of The Coca-Cola in a report on Tuesday, July 10th. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Wednesday, July 11th. Stifel Nicolaus restated a “neutral” rating and set a $49.00 price target on shares of The Coca-Cola in a report on Monday, July 16th. JPMorgan Chase & Co. restated a “$45.12” rating and set a $49.00 price target on shares of The Coca-Cola in a report on Wednesday, July 18th. Finally, TheStreet upgraded shares of The Coca-Cola from a “c+” rating to a “b-” rating in a report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The Coca-Cola has an average rating of “Hold” and a consensus target price of $51.22.
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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