Doliver Advisors LP lowered its stake in The Coca-Cola Firm (NYSE:KO – Free Report) by 19.1% within the third quarter, Holdings Channel experiences. The agency owned 13,744 shares of the corporate’s inventory after promoting 3,241 shares throughout the quarter. Doliver Advisors LP’s holdings in Coca-Cola have been price $988,000 on the finish of the latest reporting interval.
Various different hedge funds have additionally added to or diminished their stakes within the inventory. Davis Capital Administration boosted its holdings in Coca-Cola by 0.8% within the third quarter. Davis Capital Administration now owns 28,130 shares of the corporate’s inventory valued at $2,021,000 after buying an extra 214 shares throughout the interval. IMPACTfolio LLC purchased a brand new stake in shares of Coca-Cola throughout the third quarter price $200,000. First Monetary Financial institution Belief Division raised its place in Coca-Cola by 3.8% throughout the third quarter. First Monetary Financial institution Belief Division now owns 12,487 shares of the corporate’s inventory valued at $897,000 after buying an extra 459 shares within the final quarter. Mattson Monetary Providers LLC bought a brand new place in shares of Coca-Cola within the 2nd quarter price about $2,636,000. Lastly, Ashburton Jersey Ltd purchased a brand new place in shares of Coca-Cola throughout the 2nd quarter valued at about $828,000. Hedge funds and different institutional buyers personal 70.26% of the corporate’s inventory.
Insider Shopping for and Promoting
In associated information, main shareholder Cola Co Coca bought 598,619 shares of Coca-Cola inventory in a transaction on Friday, July fifth. The inventory was bought at a mean worth of $925.00, for a complete worth of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares of the corporate’s inventory, valued at $1,742,280,050. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible via this hyperlink. In different information, EVP Nancy Quan bought 19,304 shares of Coca-Cola inventory in a transaction on Wednesday, July seventeenth. The shares have been bought at a mean worth of $64.96, for a complete transaction of $1,253,987.84. Following the transaction, the chief vp now owns 223,330 shares within the firm, valued at roughly $14,507,516.80. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible at this hyperlink. Additionally, main shareholder Cola Co Coca bought 598,619 shares of the enterprise’s inventory in a transaction dated Friday, July fifth. The shares have been bought at a mean worth of $925.00, for a complete worth of $553,722,575.00. Following the sale, the insider now straight owns 1,883,546 shares of the corporate’s inventory, valued at roughly $1,742,280,050. The disclosure for this sale might be discovered right here. Over the past quarter, insiders have bought 974,715 shares of firm inventory price $579,704,927. 0.97% of the inventory is owned by insiders.
Analyst Rankings Adjustments
KO has been the topic of various latest analysis experiences. Wells Fargo & Firm boosted their goal worth on Coca-Cola from $73.00 to $78.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, September sixteenth. Financial institution of America raised their worth goal on Coca-Cola from $68.00 to $70.00 and gave the corporate a “purchase” ranking in a analysis observe on Wednesday, July tenth. Royal Financial institution of Canada elevated their goal worth on Coca-Cola from $65.00 to $68.00 and gave the corporate an “outperform” ranking in a report on Wednesday, July twenty fourth. Hsbc World Res raised Coca-Cola to a “strong-buy” ranking in a analysis observe on Friday, September twenty seventh. Lastly, Citigroup raised their goal worth on shares of Coca-Cola from $72.00 to $75.00 and gave the inventory a “purchase” ranking in a report on Wednesday, July twenty fourth. 5 analysis analysts have rated the inventory with a maintain ranking, twelve have issued a purchase ranking and one has assigned a robust purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat.com, the corporate at the moment has a consensus ranking of “Average Purchase” and a mean worth goal of $71.07.
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Coca-Cola Buying and selling Down 1.0 %
NYSE:KO opened at $71.01 on Thursday. The inventory has a market cap of $305.91 billion, a price-to-earnings ratio of 28.40, a PEG ratio of three.97 and a beta of 0.60. The corporate has a fast ratio of 0.92, a present ratio of 1.08 and a debt-to-equity ratio of 1.39. The corporate’s 50 day shifting common worth is $70.20 and its 200-day shifting common worth is $64.98. The Coca-Cola Firm has a 52 week low of $51.55 and a 52 week excessive of $73.53.
Coca-Cola (NYSE:KO – Get Free Report) final posted its earnings outcomes on Tuesday, July twenty third. The corporate reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The enterprise had income of $12.40 billion throughout the quarter, in comparison with analyst estimates of $11.78 billion. Coca-Cola had a return on fairness of 43.62% and a web margin of twenty-two.92%. The corporate’s quarterly income was up 3.3% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the corporate earned $0.78 EPS. On common, equities analysis analysts forecast that The Coca-Cola Firm will publish 2.85 earnings per share for the present fiscal 12 months.
Coca-Cola Declares Dividend
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Traders of report on Friday, September thirteenth got a dividend of $0.485 per share. The ex-dividend date was Friday, September thirteenth. This represents a $1.94 dividend on an annualized foundation and a yield of two.73%. Coca-Cola’s dividend payout ratio (DPR) is 77.60%.
Coca-Cola Profile
The Coca-Cola Firm, a beverage firm, manufactures, markets, and sells numerous nonalcoholic drinks worldwide. The corporate supplies glowing smooth drinks, glowing flavors; water, sports activities, espresso, and tea; juice, value-added dairy, and plant-based drinks; and different drinks. It additionally gives beverage concentrates and syrups, in addition to fountain syrups to fountain retailers, akin to eating places and comfort shops.
See Additionally
Need to see what different hedge funds are holding KO? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for The Coca-Cola Firm (NYSE:KO – Free Report).
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