Kowal Investment Group LLC boosted its position in The Coca-Cola Company (NYSE: KO – Get Rating) by 21.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,528 shares of the company stock after purchasing an additional 1,527 shares during the period. Kowal Investment Group LLC’s holdings in Coca-Cola were worth $ 529,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Coca-Cola by 3.7% in the fourth quarter. BlackRock Inc. now owns 279,741,946 shares of the company stock valued at $ 16,563,519,000 after purchasing an additional 9,884,447 shares during the last quarter. State Street Corp lifted its stake in Coca-Cola by 1.8% in the fourth quarter. State Street Corp now owns 170,597,908 shares of the company stock valued at $ 10,101,102,000 after purchasing an additional 2,984,878 shares during the last quarter. Geode Capital Management LLC lifted its stake in Coca-Cola by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 69,443,905 shares of the company stock valued at $ 4,102,043,000 after purchasing an additional 2,035,444 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Coca-Cola by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,269,019 shares of the company stock worth $ 2,976,429,000 after acquiring an additional 2,213,153 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Coca-Cola during the fourth quarter worth $ 2,222,027,000. Institutional investors and hedge funds own 68.51% of the company stock.
KO opened at $ 63.04 on Friday. The stock has a market cap of $ 273.28 billion, a PE ratio of 26.49, a P / E / G ratio of 3.66 and a beta of 0.58. The company has a quick ratio of 0.98, a current ratio of 1.18 and a debt-to-equity ratio of 1.38. The Coca-Cola Company has a 52 week low of $ 52.28 and a 52 week high of $ 67.20. The business’s fifty day simple moving average is $ 63.34 and its 200 day simple moving average is $ 61.60.
Coca-Cola (NYSE: KO – Get Rating) last released its earnings results on Monday, April 25th. The company reported $ 0.64 EPS for the quarter, beating analysts’ consensus estimates of $ 0.58 by $ 0.06. The business had revenue of $ 10.50 billion for the quarter, compared to analysts’ expectations of $ 9.83 billion. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $ 0.55 earnings per share. As a group, equities analysts anticipate that The Coca-Cola Company will post 2.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be paid a $ 0.44 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $ 1.76 dividend on an annualized basis and a yield of 2.79%. Coca-Cola’s dividend payout ratio is presently 73.95%.
Several equities research analysts have issued reports on KO shares. DZ Bank downgraded Coca-Cola from a “buy” rating to a “hold” rating and set a $ 69.00 target price on the stock. in a research report on Thursday, April 28th. JPMorgan Chase & Co. increased their target price on Coca-Cola from $ 65.00 to $ 68.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 30th. Guggenheim increased their target price on Coca-Cola from $ 68.00 to $ 71.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. Barclays set a $ 74.00 target price on Coca-Cola in a research report on Wednesday, April 27th. Finally, Cowen increased their target price on Coca-Cola from $ 65.00 to $ 68.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 26th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and an average target price of $ 68.05.
In other news, COO Brian John Smith sold 35,800 shares of the firm’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $ 67.04, for a total transaction of $ 2,400,032.00. Following the transaction, the chief operating officer now directly owns 116,168 shares of the company stock, valued at $ 7,787,902.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 153,466 shares of the firm’s stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $ 65.03, for a total value of $ 9,979,893.98. Following the transaction, the insider now directly owns 136,513 shares in the company, valued at $ 8,877,440.39. The disclosure for this sale can be found here. Insiders have sold 412,161 shares of company stock worth $ 26,786,278 over the last ninety days. Insiders own 0.98% of the company stock.
About Coca-Cola: (Get Rating)
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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