BerganKDV Wealth Management LLC raised its position in The Coca-Cola Company (NYSE:KO) by 3.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 37,867 shares of the company’s stock after acquiring an additional 1,337 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in The Coca-Cola were worth $1,645,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Trexquant Investment LP purchased a new stake in shares of The Coca-Cola during the 1st quarter worth $358,000. First National Bank of Omaha boosted its position in shares of The Coca-Cola by 2.2% during the 1st quarter. First National Bank of Omaha now owns 57,572 shares of the company’s stock worth $2,500,000 after purchasing an additional 1,258 shares in the last quarter. Commerce Bank boosted its position in shares of The Coca-Cola by 2.8% during the 1st quarter. Commerce Bank now owns 615,603 shares of the company’s stock worth $26,736,000 after purchasing an additional 16,489 shares in the last quarter. BancorpSouth Bank boosted its position in shares of The Coca-Cola by 3.2% during the 1st quarter. BancorpSouth Bank now owns 83,169 shares of the company’s stock worth $3,612,000 after purchasing an additional 2,609 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The Coca-Cola by 2.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,089,610 shares of the company’s stock worth $47,322,000 after purchasing an additional 25,779 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on the stock. BMO Capital Markets restated a “market perform” rating and set a $48.00 target price (up from $47.00) on shares of The Coca-Cola in a research report on Friday, February 16th. Societe Generale set a $46.50 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Wednesday, April 25th. Susquehanna Bancshares set a $45.00 target price on shares of The Coca-Cola and gave the stock a “hold” rating in a research report on Monday, February 12th. Jefferies Group restated a “neutral” rating and set a $49.00 target price on shares of The Coca-Cola in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada restated a “buy” rating and set a $56.00 target price on shares of The Coca-Cola in a research report on Monday, April 23rd. Thirteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The Coca-Cola has a consensus rating of “Buy” and an average target price of $49.57.
The Coca-Cola opened at $42.30 on Friday, Marketbeat.com reports. The stock has a market capitalization of $177.97 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.43 and a beta of 0.72. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.12 and a current ratio of 1.21. The Coca-Cola Company has a 12-month low of $41.62 and a 12-month high of $41.93.
The Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.32 billion. The Coca-Cola had a net margin of 4.23% and a return on equity of 39.54%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. analysts forecast that The Coca-Cola Company will post 2.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.69%. The Coca-Cola’s dividend payout ratio (DPR) is 81.68%.
In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $45.00, for a total value of $84,735.00. Following the transaction, the insider now directly owns 98,995 shares in the company, valued at approximately $4,454,775. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.48% of the stock is currently owned by corporate 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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