ZWJ Investment Counsel Inc. cut its position in The Coca-Cola Co (NYSE:KO) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,454,365 shares of the company’s stock after selling 28,011 shares during the period. The Coca-Cola accounts for approximately 5.3% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its biggest holding. ZWJ Investment Counsel Inc.’s holdings in The Coca-Cola were worth $66,726,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of KO. Janus Henderson Group PLC lifted its position in The Coca-Cola by 1,117.2% in the 2nd quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after acquiring an additional 12,243,387 shares in the last quarter. Capital World Investors lifted its position in The Coca-Cola by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after acquiring an additional 11,593,679 shares in the last quarter. Troy Asset Management Ltd bought a new position in The Coca-Cola in the 3rd quarter valued at about $260,266,000. Vanguard Group Inc. lifted its position in The Coca-Cola by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in The Coca-Cola by 12,733.6% in the 3rd quarter. Stifel Financial Corp now owns 4,245,213 shares of the company’s stock valued at $191,194,000 after acquiring an additional 4,212,134 shares in the last quarter. Institutional investors own 66.16% of the company’s stock.
In related news, insider Robert Edward Long sold 15,000 shares of The Coca-Cola 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 sale, the insider now owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer K. Mann sold 1,883 shares of The Coca-Cola 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 a total of 124,523 shares of company stock worth $5,885,511 in the last ninety days. 1.48% of the stock is currently owned by insiders.
Shares of The Coca-Cola Co (NYSE KO) opened at $44.57 on Wednesday. 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 company has a market cap of $190,070.00, a P/E ratio of 40.52, a P/E/G ratio of 2.60 and a beta of 0.77. The Coca-Cola Co has a 1-year low of $41.83 and a 1-year high of $48.62.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 Coca-Cola’s revenue was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. analysts expect that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Wednesday, March 14th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s payout ratio is 134.55%.
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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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