Seaward Management Limited Partnership lessened its position in shares of The Coca-Cola Co (NYSE:KO) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,221 shares of the company’s stock after selling 1,275 shares during the quarter. Seaward Management Limited Partnership’s holdings in The Coca-Cola were worth $11,526,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in KO. Blue Chip Partners Inc. raised its stake in The Coca-Cola by 3.6% in the 4th quarter. Blue Chip Partners Inc. now owns 107,492 shares of the company’s stock valued at $4,932,000 after purchasing an additional 3,712 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in The Coca-Cola by 3.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 484,241 shares of the company’s stock valued at $22,217,000 after purchasing an additional 15,670 shares during the last quarter. Resources Investment Advisors Inc. raised its stake in The Coca-Cola by 53.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 10,337 shares of the company’s stock valued at $475,000 after purchasing an additional 3,589 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its stake in The Coca-Cola by 23.1% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 9,007 shares of the company’s stock valued at $413,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Telos Capital Management Inc. raised its stake in The Coca-Cola by 10.5% in the 4th quarter. Telos Capital Management Inc. now owns 18,026 shares of the company’s stock valued at $827,000 after purchasing an additional 1,719 shares during the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the stock. Deutsche Bank assumed coverage on shares of The Coca-Cola in a research note on Wednesday, December 13th. They set a “buy” rating and a $52.00 price objective for the company. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective for the company in a research note on Monday, December 11th. Royal Bank of Canada set a $56.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Thursday, December 21st. Credit Suisse Group reaffirmed a “buy” rating on shares of The Coca-Cola in a research note on Tuesday, February 13th. Finally, Morningstar set a $48.50 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.21.
Shares of 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 Coca-Cola Co has a fifty-two week low of $41.83 and a fifty-two week high of $48.62. The stock has a market capitalization of $191,197.89, a PE ratio of 164.93, a PEG ratio of 2.60 and a beta of 0.77.
The Coca-Cola (NYSE:KO) last issued its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The Coca-Cola had a return on equity of 38.36% and a net margin of 3.52%. The business had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. research analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s payout ratio is presently 548.15%.
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The Coca-Cola 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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