Iberiabank Corp lifted its stake in shares of The Coca-Cola Co (NYSE:KO) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,258 shares of the company’s stock after buying an additional 9,336 shares during the quarter. Iberiabank Corp’s holdings in The Coca-Cola were worth $5,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Beach Investment Management LLC. purchased a new stake in shares of The Coca-Cola during the second quarter valued at approximately $736,000. Jennison Associates LLC purchased a new stake in shares of The Coca-Cola during the second quarter valued at approximately $14,154,000. Marshall Wace LLP purchased a new stake in shares of The Coca-Cola during the second quarter valued at approximately $16,314,000. Pax World Management LLC grew its holdings in shares of The Coca-Cola by 10.8% during the second quarter. Pax World Management LLC now owns 31,835 shares of the company’s stock valued at $1,428,000 after buying an additional 3,100 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas grew its holdings in shares of The Coca-Cola by 0.8% during the second quarter. Smith Chas P & Associates PA Cpas now owns 526,479 shares of the company’s stock valued at $23,613,000 after buying an additional 4,426 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.
The Coca-Cola Co (NYSE KO) opened at $44.57 on Wednesday. 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 Co has a 52-week low of $41.83 and a 52-week high of $48.62. The firm has a market cap 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 firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.50%. The Coca-Cola’s dividend payout ratio (DPR) is presently 134.55%.
In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 123,796 shares in the company, valued at $5,713,185.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer K. Mann sold 1,883 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $45.00, for a total transaction of $84,735.00. The disclosure for this sale can be found here. Insiders sold 124,523 shares of company stock worth $5,885,511 over the last quarter. Insiders own 1.48% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. Susquehanna Bancshares set a $41.00 price target on shares of The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. set a $49.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, November 16th. Wells Fargo & Co upgraded shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and increased their price target for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Finally, Royal Bank of Canada set a $56.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $49.21.
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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