Oppenheimer Asset Administration Inc. raised its stake in shares of The Coca-Cola Firm (NYSE:KO – Free Report) by 9.5% within the second quarter, based on the corporate in its most up-to-date submitting with the Securities and Trade Fee. The fund owned 87,195 shares of the corporate’s inventory after shopping for a further 7,594 shares in the course of the interval. Oppenheimer Asset Administration Inc.’s holdings in Coca-Cola had been price $5,550,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional traders have additionally lately modified their holdings of the inventory. Value T Rowe Associates Inc. MD elevated its stake in shares of Coca-Cola by 21.5% within the 1st quarter. Value T Rowe Associates Inc. MD now owns 49,297,505 shares of the corporate’s inventory price $3,016,023,000 after buying a further 8,733,326 shares within the final quarter. Vontobel Asset Administration Inc. elevated its stake in shares of Coca-Cola by 2.7% within the 4th quarter. Vontobel Asset Administration Inc. now owns 14,337,691 shares of the corporate’s inventory price $890,866,000 after buying a further 378,447 shares within the final quarter. Mitsubishi UFJ Asset Administration Co. Ltd. boosted its holdings in Coca-Cola by 30.5% within the 1st quarter. Mitsubishi UFJ Asset Administration Co. Ltd. now owns 12,698,984 shares of the corporate’s inventory price $776,924,000 after shopping for a further 2,964,850 shares in the course of the interval. Putnam Investments LLC boosted its holdings in Coca-Cola by 32.8% within the 4th quarter. Putnam Investments LLC now owns 12,032,095 shares of the corporate’s inventory price $709,051,000 after shopping for a further 2,973,234 shares in the course of the interval. Lastly, Canada Pension Plan Funding Board boosted its holdings in Coca-Cola by 15.7% within the 1st quarter. Canada Pension Plan Funding Board now owns 10,433,875 shares of the corporate’s inventory price $638,344,000 after shopping for a further 1,417,930 shares in the course of the interval. 70.26% of the inventory is at present owned by hedge funds and different institutional traders.
Coca-Cola Inventory Up 0.3 %
Shares of NYSE:KO opened at $71.41 on Monday. The corporate has a present ratio of 1.08, a fast ratio of 0.92 and a debt-to-equity ratio of 1.39. The Coca-Cola Firm has a 12 month low of $51.55 and a 12 month excessive of $73.53. The corporate has a 50-day transferring common value of $68.28 and a 200 day transferring common value of $63.95. The corporate has a market cap of $307.63 billion, a price-to-earnings ratio of 28.56, a PEG ratio of three.93 and a beta of 0.60.
Coca-Cola (NYSE:KO – Get Free Report) final introduced its quarterly earnings outcomes on Tuesday, July twenty third. The corporate reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Coca-Cola had a web margin of twenty-two.92% and a return on fairness of 43.62%. The agency had income of $12.40 billion in the course of the quarter, in comparison with the consensus estimate of $11.78 billion. Throughout the identical quarter final 12 months, the agency earned $0.78 EPS. The agency’s income for the quarter was up 3.3% in comparison with the identical quarter final 12 months. As a gaggle, equities analysis analysts predict that The Coca-Cola Firm will put up 2.85 earnings per share for the present 12 months.
Coca-Cola Proclaims Dividend
The corporate additionally lately disclosed a quarterly dividend, which shall be paid on Tuesday, October 1st. Buyers of document on Friday, September thirteenth shall be given a $0.485 dividend. This represents a $1.94 dividend on an annualized foundation and a yield of two.72%. The ex-dividend date of this dividend is Friday, September thirteenth. Coca-Cola’s dividend payout ratio (DPR) is at present 77.60%.
Insider Shopping for and Promoting
In associated information, main shareholder Cola Co Coca offered 598,619 shares of the inventory in a transaction dated Friday, July fifth. The shares had been offered at a median value of $925.00, for a complete worth of $553,722,575.00. Following the sale, the insider now immediately owns 1,883,546 shares of the corporate’s inventory, valued at roughly $1,742,280,050. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible via the SEC web site. In associated information, insider Bruno Pietracci offered 38,653 shares of the inventory in a transaction dated Friday, August 2nd. The shares had been offered at a median value of $69.01, for a complete worth of $2,667,443.53. The transaction was disclosed in a doc filed with the SEC, which may be accessed via the SEC web site. Additionally, main shareholder Cola Co Coca offered 598,619 shares of the agency’s inventory in a transaction that occurred on Friday, July fifth. The inventory was offered at a median value of $925.00, for a complete transaction of $553,722,575.00. Following the transaction, the insider now immediately owns 1,883,546 shares within the firm, valued at $1,742,280,050. The disclosure for this sale may be discovered right here. Insiders have offered 974,715 shares of firm inventory valued at $579,704,927 within the final ninety days. 0.97% of the inventory is owned by firm insiders.
Analysts Set New Value Targets
A number of analysis analysts lately weighed in on the inventory. Royal Financial institution of Canada upped their goal value on shares of Coca-Cola from $65.00 to $68.00 and gave the inventory an “outperform” ranking in a report on Wednesday, July twenty fourth. Wells Fargo & Firm upped their goal value on shares of Coca-Cola from $70.00 to $73.00 and gave the inventory an “obese” ranking in a report on Wednesday, July twenty fourth. JPMorgan Chase & Co. upped their goal value on shares of Coca-Cola from $68.00 to $72.00 and gave the inventory an “obese” ranking in a report on Wednesday, July tenth. TD Cowen upped their goal value on shares of Coca-Cola from $65.00 to $70.00 and gave the inventory a “maintain” ranking in a report on Thursday, July twenty fifth. Lastly, Morgan Stanley upped their goal value on shares of Coca-Cola from $70.00 to $78.00 and gave the inventory an “obese” ranking in a report on Tuesday, August twenty seventh. 5 analysis analysts have rated the inventory with a maintain ranking and twelve have given a purchase ranking to the corporate’s inventory. In accordance with MarketBeat, the corporate at present has a median ranking of “Reasonable Purchase” and a median goal value of $70.73.
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About Coca-Cola
The Coca-Cola Firm, a beverage firm, manufactures, markets, and sells numerous nonalcoholic drinks worldwide. The corporate offers glowing gentle drinks, glowing flavors; water, sports activities, espresso, and tea; juice, value-added dairy, and plant-based drinks; and different drinks. It additionally presents beverage concentrates and syrups, in addition to fountain syrups to fountain retailers, akin to eating places and comfort shops.
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