Arcadia Investment Management Corp MI cut its position in Coca-Cola Company (The) (NYSE:KO) by 9.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,999 shares of the company’s stock after selling 300 shares during the period. Arcadia Investment Management Corp MI’s holdings in Coca-Cola Company (The) were worth $127,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Brookstone Capital Management increased its position in shares of Coca-Cola Company (The) by 11.3% in the first quarter. Brookstone Capital Management now owns 150,037 shares of the company’s stock worth $6,368,000 after buying an additional 15,184 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Coca-Cola Company (The) by 66.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,514,228 shares of the company’s stock worth $361,344,000 after buying an additional 3,387,300 shares during the period. Linscomb & Williams Inc. increased its position in shares of Coca-Cola Company (The) by 3.3% in the first quarter. Linscomb & Williams Inc. now owns 101,168 shares of the company’s stock worth $4,294,000 after buying an additional 3,208 shares during the period. Oxbow Advisors LLC purchased a new position in shares of Coca-Cola Company (The) during the first quarter worth approximately $250,000. Finally, Arrow Financial Corp increased its position in shares of Coca-Cola Company (The) by 2.0% in the first quarter. Arrow Financial Corp now owns 43,303 shares of the company’s stock worth $1,839,000 after buying an additional 836 shares during the period. Institutional investors and hedge funds own 63.80% of the company’s stock.
Coca-Cola Company (NYSE:KO) traded down 0.41% during trading on Friday, reaching $45.67. The company’s stock had a trading volume of 10,879,794 shares. The company has a market cap of $194.80 billion, a P/E ratio of 48.23 and a beta of 0.69. The stock’s 50-day moving average is $45.25 and its 200 day moving average is $43.72. Coca-Cola Company has a 12 month low of $39.88 and a 12 month high of $46.43.
Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The firm had revenue of $9.70 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities analysts forecast that Coca-Cola Company will post $1.90 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.24%. Coca-Cola Company (The)’s dividend payout ratio is currently 154.17%.
A number of analysts have weighed in on the company. Vetr raised Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target for the company in a research report on Monday, April 24th. Credit Suisse Group reaffirmed a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Thursday, April 27th. Zacks Investment Research raised Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Friday, April 21st. Wells Fargo & Company reissued a “market perform” rating and set a $43.00 price objective on shares of Coca-Cola Company (The) in a research report on Friday, April 28th. Finally, Morgan Stanley boosted their price objective on Coca-Cola Company (The) from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 26th. Two equities 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 company has a consensus rating of “Hold” and a consensus target price of $45.70.
In related news, insider Francisco Crespo sold 7,700 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $46.01, for a total value of $354,277.00. Following the sale, the insider now owns 29,943 shares in the company, valued at approximately $1,377,677.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Beatriz R. Perez sold 29,282 shares of the company’s stock in a transaction dated 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 have sold 750,263 shares of company stock worth $34,134,363 in the last quarter. Company insiders own 1.51% of the company’s stock.
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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