Calton & Associates Inc. lifted its stake in The Coca-Cola Company (NYSE: KO – Get Rating) by 4.4% in the 1st quarter, Holdings Channel reports. The firm owned 7,465 shares of the company stock after purchasing an additional 318 shares during the quarter. Calton & Associates Inc.’s holdings in Coca-Cola were worth $ 462,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cohen Lawrence B grew its holdings in shares of Coca-Cola by 0.3% during the fourth quarter. Cohen Lawrence B now owns 51,742 shares of the company stock worth $ 3,064,000 after buying an additional 163 shares in the last quarter. Aberdeen Wealth Management LLC grew its holdings in shares of Coca-Cola by 0.9% during the fourth quarter. Aberdeen Wealth Management LLC now owns 17,867 shares of the company stock worth $ 1,058,000 after buying an additional 167 shares in the last quarter. McClarren Financial Advisors Inc. grew its holdings in shares of Coca-Cola by 18.5% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,077 shares of the company stock worth $ 64,000 after buying an additional 168 shares in the last quarter. Avity Investment Management Inc. grew its holdings in shares of Coca-Cola by 0.4% during the fourth quarter. Avity Investment Management Inc. now owns 44,087 shares of the company stock worth $ 2,610,000 after buying an additional 171 shares in the last quarter. Finally, Veriti Management LLC grew its holdings in shares of Coca-Cola by 0.3% during the fourth quarter. Veriti Management LLC now owns 54,341 shares of the company stock worth $ 3,218,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 68.51% of the company stock.
A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola from $ 62.00 to $ 64.00 and gave the stock a “hold” rating in a report on Tuesday, April 26th. Barclays set a $ 74.00 target price on shares of Coca-Cola in a report on Wednesday, April 27th. StockNews.com upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Credit Suisse Group set a $ 68.00 target price on shares of Coca-Cola in a report on Friday, May 13th. Finally, Truist Financial boosted their target price on shares of Coca-Cola from $ 70.00 to $ 75.00 and gave the company a “buy” rating in a report on Tuesday, April 26th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $ 68.05.
KO opened at $ 61.15 on Thursday. 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 company has a 50 day moving average of $ 63.44 and a two-hundred day moving average of $ 61.45. The company has a market cap of $ 265.09 billion, a P / E ratio of 25.69, a P / E / G ratio of 3.52 and a beta of 0.58.
Coca-Cola (NYSE: KO – Get Rating) last posted its earnings results on Monday, April 25th. The company reported $ 0.64 EPS for the quarter, topping analysts’ consensus estimates of $ 0.58 by $ 0.06. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The business had revenue of $ 10.50 billion for the quarter, compared to analysts’ expectations of $ 9.83 billion. During the same period in the previous year, the company posted $ 0.55 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. Research 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. Stockholders of record on Wednesday, June 15th will be given a dividend of $ 0.44 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $ 1.76 dividend on an annualized basis and a dividend yield of 2.88%. Coca-Cola’s payout ratio is currently 73.95%.
In other news, SVP Beatriz R. Perez sold 143,924 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $ 64.78, for a total transaction of $ 9,323,396.72. Following the transaction, the senior vice president now directly owns 121,178 shares of the company stock, valued at $ 7,849,910.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Brian John Smith sold 35,800 shares of the business’s stock in a transaction on 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 in the company, valued at $ 7,787,902.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 412,161 shares of company stock worth $ 26,786,278. Corporate 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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