Norway Savings Bank maintained its position in Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 also recently bought and sold shares of the company. Alpha Windward LLC raised its stake in shares of Coca-Cola Company (The) by 0.9% in the first quarter. Alpha Windward LLC now owns 7,659 shares of the company’s stock valued at $325,000 after buying an additional 68 shares during the period. Vigilant Capital Management LLC raised its stake in shares of Coca-Cola Company (The) by 1.9% in the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after buying an additional 68 shares during the period. Delta Asset Management LLC TN raised its stake in shares of Coca-Cola Company (The) by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock valued at $1,152,000 after buying an additional 96 shares during the period. Whalerock Point Partners LLC raised its stake in shares of Coca-Cola Company (The) by 1.7% in the fourth quarter. Whalerock Point Partners LLC now owns 6,063 shares of the company’s stock valued at $252,000 after buying an additional 100 shares during the period. Finally, New England Research & Management Inc. raised its stake in shares of Coca-Cola Company (The) by 0.8% in the second quarter. New England Research & Management Inc. now owns 13,193 shares of the company’s stock valued at $592,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 63.80% of the company’s stock.
Coca-Cola Company (NYSE:KO) traded up 0.46% during midday trading on Monday, reaching $45.80. The company had a trading volume of 8,421,179 shares. The firm has a market capitalization of $195.35 billion, a PE ratio of 48.36 and a beta of 0.69. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.42. The firm’s 50-day moving average price is $45.16 and its 200 day moving average price is $43.62.
Coca-Cola Company (The) (NYSE:KO) last issued its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a return on equity of 34.53% and a net margin of 10.68%. The business’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Equities analysts anticipate that Coca-Cola Company will post $1.90 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 154.17%.
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Several brokerages recently issued reports on KO. UBS AG set a $48.00 price objective on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a report on Tuesday, April 18th. Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 target price for the company in a research report on Monday, April 24th. Jefferies Group LLC reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Coca-Cola Company (The) in a research report on Tuesday, April 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of Coca-Cola Company (The) in a research report on Monday, July 24th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $46.00 target price on shares of Coca-Cola Company (The) in a research report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.70.
In related news, insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $45.20, for a total value of $1,323,546.40. Following the sale, the insider now owns 118,000 shares of the company’s stock, valued at approximately $5,333,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the senior vice president now directly owns 98,718 shares in the company, valued at approximately $4,541,028. The disclosure for this sale can be found here. In the last three months, insiders sold 650,263 shares of company stock worth $29,524,363. Company insiders own 1.51% of the company’s stock.
About Coca-Cola Company (The)
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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