Norway Savings Bank continued to hold its position in shares of Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,412 shares of the company’s stock at the end of the second quarter. Norway Savings Bank’s holdings in Coca-Cola Company (The) were worth $243,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Portfolio Solutions LLC acquired a new position in shares of Coca-Cola Company (The) during the first quarter worth about $108,000. Signature Estate & Investment Advisors LLC boosted its position in shares of Coca-Cola Company (The) by 5.0% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Coca-Cola Company (The) by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after buying an additional 1,026 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Coca-Cola Company (The) during the fourth quarter worth about $127,000. Finally, Perkins Coie Trust Co boosted its position in shares of Coca-Cola Company (The) by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after buying an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 63.68% of the company’s stock.
Coca-Cola Company (KO) opened at 45.50 on Monday. Coca-Cola Company has a 1-year low of $39.88 and a 1-year high of $46.42. The stock has a market cap of $194.07 billion, a PE ratio of 48.05 and a beta of 0.69. The firm has a 50-day moving average of $45.06 and a 200-day moving average of $43.37.
Coca-Cola Company (The) (NYSE:KO) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Analysts expect that Coca-Cola Company will post $1.90 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio is presently 154.17%.
KO has been the topic of several analyst reports. TheStreet upgraded shares of Coca-Cola Company (The) from a “c+” rating to a “b” rating in a report on Thursday, April 27th. Vetr upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target on the stock in a report on Monday, April 24th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Friday, April 21st. UBS AG set a $48.00 price target on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a report on Tuesday, April 18th. Finally, BMO Capital Markets restated a “buy” rating and set a $46.00 price target on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.62.
In related news, insider Irial Finan sold 354,146 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $45.00, for a total value of $15,936,570.00. Following the sale, the insider now owns 780,258 shares in the company, valued at $35,111,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Beatriz R. Perez sold 29,282 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the completion of the sale, the insider now owns 118,000 shares in the company, valued at approximately $5,333,600. The disclosure for this sale can be found here. Insiders sold 693,822 shares of company stock worth $31,311,106 in the last 90 days. 1.51% of the stock is currently owned by company insiders.
Coca-Cola Company (The) Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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