Ingalls & Snyder LLC trimmed its stake in The Coca-Cola Co (NYSE:KO) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,479 shares of the company’s stock after selling 2,595 shares during the period. Ingalls & Snyder LLC’s holdings in The Coca-Cola were worth $13,881,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of KO. D.B. Root & Company LLC increased its position in shares of The Coca-Cola by 19.3% in the 1st quarter. D.B. Root & Company LLC now owns 20,780 shares of the company’s stock valued at $902,000 after buying an additional 3,359 shares in the last quarter. Thomaspartners Inc. increased its position in shares of The Coca-Cola by 5.2% in the 1st quarter. Thomaspartners Inc. now owns 4,585,648 shares of the company’s stock valued at $199,155,000 after buying an additional 228,180 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of The Coca-Cola by 39.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 25,547 shares of the company’s stock valued at $1,110,000 after buying an additional 7,203 shares in the last quarter. WealthTrust Axiom LLC increased its position in shares of The Coca-Cola by 95.4% in the 1st quarter. WealthTrust Axiom LLC now owns 13,108 shares of the company’s stock valued at $569,000 after buying an additional 6,400 shares in the last quarter. Finally, Wealthstreet Investment Advisors LLC increased its position in shares of The Coca-Cola by 1.4% in the 1st quarter. Wealthstreet Investment Advisors LLC now owns 167,602 shares of the company’s stock valued at $7,279,000 after buying an additional 2,290 shares in the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.
The Coca-Cola stock opened at $45.77 on Friday. The Coca-Cola Co has a one year low of $41.45 and a one year high of $48.62. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06. The stock has a market cap of $193.59 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.80 and a beta of 0.74.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the prior year, the business posted $0.59 EPS. The company’s quarterly revenue was down 8.3% on a year-over-year basis. sell-side analysts expect that The Coca-Cola Co will post 2.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.41%. The Coca-Cola’s dividend payout ratio is 81.68%.
A number of analysts recently commented on KO shares. Barclays upgraded shares of The Coca-Cola from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Thursday, May 17th. Citigroup reiterated a “buy” rating on shares of The Coca-Cola in a report on Thursday, May 17th. Morningstar set a $49.00 target price on The Coca-Cola and gave the stock a “buy” rating in a report on Friday, May 18th. Jefferies Financial Group reiterated a “neutral” rating and set a $44.00 target price on shares of The Coca-Cola in a report on Friday, May 25th. Finally, Macquarie reiterated a “neutral” rating and set a $47.00 target price on shares of The Coca-Cola in a report on Wednesday, June 13th. Fourteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.28.
In related news, insider John Murphy sold 111,468 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $46.46, for a total value of $5,178,803.28. Following the completion of the sale, the insider now directly owns 196,337 shares in the company, valued at approximately $9,121,817.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kathy N. Waller sold 48,354 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the sale, the vice president now owns 200,725 shares of the company’s stock, valued at $9,323,676.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 215,822 shares of company stock valued at $10,027,727. Company insiders own 1.48% of the company’s stock.
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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