Front Row Advisors LLC purchased a new stake in The Coca-Cola Co (NYSE:KO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,320 shares of the company’s stock, valued at approximately $1,483,000. The Coca-Cola accounts for 1.2% of Front Row Advisors LLC’s holdings, making the stock its 22nd biggest position.
A number of other institutional investors and hedge funds have also bought and sold shares of KO. Swiss National Bank grew its holdings in shares of The Coca-Cola by 3.0% during the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock worth $735,069,000 after purchasing an additional 470,700 shares during the period. Amalgamated Bank grew its holdings in shares of The Coca-Cola by 54.8% during the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock worth $20,118,000 after purchasing an additional 158,741 shares during the period. Flippin Bruce & Porter Inc. grew its holdings in shares of The Coca-Cola by 1.8% during the 2nd quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock worth $4,397,000 after purchasing an additional 1,705 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of The Coca-Cola by 69.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock worth $405,847,000 after purchasing an additional 3,700,700 shares during the period. Finally, Calamos Advisors LLC grew its holdings in shares of The Coca-Cola by 5.4% during the 3rd quarter. Calamos Advisors LLC now owns 1,660,216 shares of the company’s stock worth $74,726,000 after purchasing an additional 84,539 shares during the period. Institutional investors own 66.16% of the company’s stock.
In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $45.00, for a total value of $84,735.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares in the company, valued at $1,183,070.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,523 shares of company stock worth $5,885,511. 1.48% of the stock is currently owned by corporate insiders.
The Coca-Cola Co (KO) opened at $44.57 on Wednesday. The Coca-Cola Co has a 52-week low of $41.83 and a 52-week high of $48.62. The stock has a market capitalization of $190,070.00, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.77. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25.
The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.36 billion. During the same period in the prior year, the company posted $0.37 EPS. The Coca-Cola’s quarterly revenue was down 20.2% on a year-over-year basis. equities research analysts anticipate that The Coca-Cola Co will post 2.09 earnings per share for the current 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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio is presently 134.55%.
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.
Receive News & Ratings for The Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.