Dubuque Bank & Trust Co. decreased its holdings in The Coca-Cola Co (NYSE:KO) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,679 shares of the company’s stock after selling 8,870 shares during the quarter. The Coca-Cola makes up about 1.2% of Dubuque Bank & Trust Co.’s investment portfolio, making the stock its 26th largest position. Dubuque Bank & Trust Co.’s holdings in The Coca-Cola were worth $7,214,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in The Coca-Cola by 2.9% in the fourth quarter. BlackRock Inc. now owns 253,865,694 shares of the company’s stock valued at $12,020,541,000 after purchasing an additional 7,272,015 shares during the last quarter. FMR LLC increased its holdings in The Coca-Cola by 22.2% in the fourth quarter. FMR LLC now owns 61,139,629 shares of the company’s stock valued at $2,894,961,000 after purchasing an additional 11,126,961 shares during the last quarter. Northern Trust Corp increased its holdings in The Coca-Cola by 3.6% in the fourth quarter. Northern Trust Corp now owns 50,578,097 shares of the company’s stock valued at $2,394,872,000 after purchasing an additional 1,771,500 shares during the last quarter. Geode Capital Management LLC increased its holdings in The Coca-Cola by 10.8% in the fourth quarter. Geode Capital Management LLC now owns 46,561,672 shares of the company’s stock valued at $2,200,726,000 after purchasing an additional 4,528,987 shares during the last quarter. Finally, Norges Bank bought a new stake in The Coca-Cola in the fourth quarter valued at about $1,717,527,000. Hedge funds and other institutional investors own 66.81% of the company’s stock.
Shares of KO stock traded up $3.11 on Tuesday, hitting $54.33. 31,737,017 shares of the stock were exchanged, compared to its average volume of 14,001,473. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91. The stock has a market cap of $219.24 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.52 and a beta of 0.50. The business has a 50-day moving average of $51.59. The Coca-Cola Co has a fifty-two week low of $44.25 and a fifty-two week high of $54.63.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.60 annualized dividend and a yield of 2.94%. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.
KO has been the subject of a number of research analyst reports. Barclays reissued a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. JPMorgan Chase & Co. set a €54.00 ($62.79) target price on Axel Springer and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. UBS Group boosted their target price on W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley raised Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 1st. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.26.
In related news, insider Francisco Crespo sold 16,426 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $49.00, for a total transaction of $804,874.00. Following the completion of the transaction, the insider now directly owns 77,109 shares of the company’s stock, valued at $3,778,341. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nancy Quan sold 23,320 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $47.95, for a total value of $1,118,194.00. Following the transaction, the senior vice president now directly owns 165,049 shares of the company’s stock, valued at $7,914,099.55. The disclosure for this sale can be found here. Insiders have sold 316,600 shares of company stock valued at $15,760,365 over the last three months. Insiders own 1.33% of the company’s stock.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantbased 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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