Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of The Coca-Cola Co (NYSE:KO) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,063,831 shares of the company’s stock after selling 41,888 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Coca-Cola were worth $48,809,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of KO. Veritas Investment Management LLP bought a new position in shares of The Coca-Cola in the 3rd quarter worth about $135,000. Spectrum Management Group Inc. bought a new position in shares of The Coca-Cola in the 3rd quarter worth about $137,000. Legacy Advisors LLC bought a new position in shares of The Coca-Cola in the 3rd quarter worth about $139,000. Almanack Investment Partners LLC. bought a new position in shares of The Coca-Cola in the 2nd quarter worth about $142,000. Finally, Shine Investment Advisory Services Inc. lifted its position in shares of The Coca-Cola by 102.2% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after buying an additional 1,610 shares during the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.
In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The disclosure for this sale can be found here. Insiders sold a total of 122,640 shares of company stock worth $5,800,776 in the last ninety days. Corporate insiders own 1.48% of the company’s stock.
The Coca-Cola Co (NYSE:KO) opened at $44.85 on Monday. The stock has a market cap of $191,197.89, a P/E ratio of 166.44, a PEG ratio of 2.60 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64. The Coca-Cola Co has a 52 week low of $41.83 and a 52 week high of $48.62.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business’s revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. research analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.48%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s payout ratio is currently 548.15%.
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About The Coca-Cola
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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