First American Trust FSB reduced its position in The Coca-Cola Co (NYSE:KO) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 136,434 shares of the company’s stock after selling 1,408 shares during the period. The Coca-Cola comprises 1.6% of First American Trust FSB’s holdings, making the stock its 16th largest position. First American Trust FSB’s holdings in The Coca-Cola were worth $6,460,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Cognios Capital LLC purchased a new position in The Coca-Cola during the 2nd quarter valued at about $1,014,000. Van ECK Associates Corp purchased a new position in The Coca-Cola in the second quarter worth about $3,400,000. BB&T Securities LLC raised its holdings in The Coca-Cola by 0.7% in the second quarter. BB&T Securities LLC now owns 1,142,023 shares of the company’s stock worth $50,088,000 after buying an additional 7,545 shares during the last quarter. Tocqueville Asset Management L.P. raised its holdings in The Coca-Cola by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 664,869 shares of the company’s stock worth $29,161,000 after buying an additional 1,735 shares during the last quarter. Finally, King Luther Capital Management Corp raised its holdings in The Coca-Cola by 7.3% in the second quarter. King Luther Capital Management Corp now owns 2,681,666 shares of the company’s stock worth $117,618,000 after buying an additional 183,053 shares during the last quarter. Institutional investors and hedge funds own 65.53% of the company’s stock.
In related news, insider Jennifer K. Mann sold 15,100 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $50.40, for a total transaction of $761,040.00. Following the completion of the transaction, the insider now owns 40,058 shares of the company’s stock, valued at approximately $2,018,923.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James L. Dinkins sold 9,150 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $49.95, for a total value of $457,042.50. Following the transaction, the insider now directly owns 30,400 shares of the company’s stock, valued at approximately $1,518,480. The disclosure for this sale can be found here. Insiders have sold 374,542 shares of company stock worth $18,436,957 over the last quarter. 1.48% of the stock is currently owned by company insiders.
The Coca-Cola stock traded up $0.12 during midday trading on Friday, hitting $47.19. 524,080 shares of the company’s stock were exchanged, compared to its average volume of 14,205,646. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.06 and a quick ratio of 0.98. The Coca-Cola Co has a 12 month low of $41.45 and a 12 month high of $50.84. The stock has a market cap of $198.66 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.85 and a beta of 0.62.
The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $8.20 billion. During the same period in the prior year, the business earned $0.50 EPS. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. On average, equities analysts expect that The Coca-Cola Co will post 2.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, November 29th. This represents a $1.56 annualized dividend and a yield of 3.31%. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
A number of analysts have recently commented on the stock. Barclays reiterated a “buy” rating and issued a $50.00 price target on shares of The Coca-Cola in a research note on Friday, October 5th. Zacks Investment Research lowered shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. HSBC reiterated a “buy” rating and issued a $64.00 price target on shares of The Coca-Cola in a research note on Wednesday, October 31st. ValuEngine upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $46.00 price target on shares of The Coca-Cola in a research note on Thursday, October 18th. Fourteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The Coca-Cola has a consensus rating of “Hold” and an average target price of $51.78.
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 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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