Good Life Advisors LLC bought a new stake in shares of The Coca-Cola Co (NYSE:KO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,940 shares of the company’s stock, valued at approximately $445,000.
A number of other institutional investors have also recently bought and sold shares of KO. Asset Management One Co. Ltd. increased its stake in The Coca-Cola by 845.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,250,023 shares of the company’s stock worth $300,667,000 after buying an additional 6,483,151 shares during the period. Federated Investors Inc. PA increased its stake in The Coca-Cola by 40.5% in the fourth quarter. Federated Investors Inc. PA now owns 16,587,254 shares of the company’s stock worth $687,708,000 after buying an additional 4,778,914 shares during the period. Russell Investments Group Ltd. bought a new stake in The Coca-Cola during the fourth quarter worth about $188,207,000. State Street Corp increased its stake in The Coca-Cola by 2.4% in the fourth quarter. State Street Corp now owns 171,779,844 shares of the company’s stock worth $7,121,998,000 after buying an additional 4,023,734 shares during the period. Finally, Flossbach Von Storch AG increased its stake in The Coca-Cola by 42.5% in the third quarter. Flossbach Von Storch AG now owns 8,721,448 shares of the company’s stock worth $369,092,000 after buying an additional 2,600,828 shares during the period. Institutional investors own 63.88% of the company’s stock.
The Coca-Cola Co (NYSE:KO) opened at 42.18 on Tuesday. The firm has a market cap of $181.10 billion, a PE ratio of 28.31 and a beta of 0.69. The firm’s 50-day moving average is $41.66 and its 200 day moving average is $41.79. The Coca-Cola Co has a 12-month low of $39.88 and a 12-month high of $47.13.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities research analysts predict that The Coca-Cola Co will post $1.86 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.37 per share. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, March 13th. The Coca-Cola’s dividend payout ratio (DPR) is currently 93.33%.
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KO has been the topic of a number of research analyst reports. Vetr downgraded shares of The Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.50 price target on the stock. in a research note on Monday, November 28th. Goldman Sachs Group Inc reissued a “sell” rating and issued a $39.00 price target on shares of The Coca-Cola in a research note on Monday, January 9th. Morningstar, Inc. reissued a “buy” rating on shares of The Coca-Cola in a research note on Friday, December 9th. Zacks Investment Research downgraded shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Finally, Barclays PLC initiated coverage on shares of The Coca-Cola in a research note on Monday, January 9th. They issued an “equal weight” rating and a $42.00 price target on the stock. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company’s stock. The Coca-Cola currently has an average rating of “Hold” and an average price target of $43.85.
The Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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