Capital Wealth Planning LLC reduced its position in shares of The Coca-Cola Co (NYSE:KO) by 26.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,283 shares of the company’s stock after selling 8,229 shares during the quarter. Capital Wealth Planning LLC’s holdings in The Coca-Cola were worth $1,030,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PrairieView Partners LLC acquired a new stake in The Coca-Cola in the first quarter worth $27,000. Price Wealth LLC bought a new position in shares of The Coca-Cola in the 4th quarter worth approximately $28,000. LFA Lugano Financial Advisors SA bought a new stake in The Coca-Cola during the 4th quarter worth approximately $31,000. Simon Quick Advisors LLC raised its stake in The Coca-Cola by 128.9% during the 4th quarter. Simon Quick Advisors LLC now owns 673 shares of the company’s stock worth $37,000 after acquiring an additional 379 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its stake in The Coca-Cola by 2.0% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 660,667 shares of the company’s stock worth $37,000 after acquiring an additional 12,923 shares during the period. 68.68% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Nancy Quan sold 12,546 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $60.00, for a total value of $752,760.00. Following the completion of the transaction, the senior vice president now directly owns 177,595 shares of the company’s stock, valued at approximately $10,655,700. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Lisa Chang acquired 1,650 shares of The Coca-Cola stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average cost of $46.74 per share, with a total value of $77,121.00. Following the completion of the purchase, the senior vice president now owns 5,826 shares in the company, valued at approximately $272,307.24. The disclosure for this purchase can be found here. Corporate insiders own 1.01% of the company’s stock.
Shares of KO stock traded down $0.84 during trading hours on Monday, hitting $44.76. 454,652 shares of the company’s stock were exchanged, compared to its average volume of 17,787,138. The company has a quick ratio of 0.76, a current ratio of 0.87 and a debt-to-equity ratio of 1.57. The firm has a market cap of $195.85 billion, a P/E ratio of 19.66, a P/E/G ratio of 4.12 and a beta of 0.56. The firm has a 50 day moving average of $45.43 and a two-hundred day moving average of $52.89. The Coca-Cola Co has a fifty-two week low of $36.27 and a fifty-two week high of $60.13.
The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 21st. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.32 billion. The Coca-Cola had a return on equity of 45.26% and a net margin of 26.95%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. On average, equities analysts forecast that The Coca-Cola Co will post 1.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, June 12th. The Coca-Cola’s payout ratio is 77.73%.
Several research firms recently weighed in on KO. Morgan Stanley lifted their price objective on The Coca-Cola from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Barclays restated a “buy” rating and set a $50.00 price target on shares of The Coca-Cola in a research note on Thursday, April 23rd. UBS Group boosted their price target on The Coca-Cola from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Zacks Investment Research lowered The Coca-Cola from a “hold” rating to a “sell” rating and set a $48.00 price target on the stock. in a research note on Tuesday, March 31st. Finally, Jefferies Financial Group dropped their target price on The Coca-Cola from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.55.
The Coca-Cola Profile
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 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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