Cypress Asset Management Inc. TX lowered its holdings in shares of The Coca-Cola Co (NYSE:KO) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,235 shares of the company’s stock after selling 5,749 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in The Coca-Cola were worth $4,507,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Atlantic Trust LLC lifted its holdings in shares of The Coca-Cola by 1.4% in the 2nd quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock worth $283,000 after acquiring an additional 89 shares during the last quarter. Noesis Capital Mangement Corp lifted its holdings in shares of The Coca-Cola by 1.0% in the 2nd quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock worth $389,000 after acquiring an additional 90 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of The Coca-Cola by 0.6% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 16,963 shares of the company’s stock worth $753,000 after acquiring an additional 95 shares during the last quarter. Pacific Center for Financial Services lifted its holdings in shares of The Coca-Cola by 1.4% in the 2nd quarter. Pacific Center for Financial Services now owns 7,422 shares of the company’s stock worth $333,000 after acquiring an additional 100 shares during the last quarter. Finally, Monetary Management Group Inc. lifted its holdings in shares of The Coca-Cola by 1.0% in the 2nd quarter. Monetary Management Group Inc. now owns 10,625 shares of the company’s stock worth $477,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.
In other news, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total value of $4,009,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the sale, the insider now owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Insiders have sold a total of 122,640 shares of company stock worth $5,800,776 in the last three months. Insiders own 1.48% of the company’s stock.
The Coca-Cola Co (NYSE KO) opened at $44.53 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The company has a market cap of $191,197.89, a PE ratio of 164.93, a price-to-earnings-growth ratio of 2.60 and a beta of 0.77. The Coca-Cola Co has a 12-month low of $41.83 and a 12-month high of $48.62.
The Coca-Cola (NYSE:KO) last posted its earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $7.51 billion for the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. equities research analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be given a dividend of $0.39 per share. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.50%. The Coca-Cola’s dividend payout ratio (DPR) is 548.15%.
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The Coca-Cola 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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