AE Wealth Management LLC cut its holdings in shares of The Coca-Cola Co (NYSE:KO) by 12.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,209 shares of the company’s stock after selling 12,135 shares during the quarter. AE Wealth Management LLC’s holdings in The Coca-Cola were worth $3,693,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ascension Asset Management LLC increased its holdings in shares of The Coca-Cola by 5.3% in the second quarter. Ascension Asset Management LLC now owns 22,050 shares of the company’s stock worth $967,000 after purchasing an additional 1,100 shares during the last quarter. Jag Capital Management LLC increased its holdings in shares of The Coca-Cola by 3.3% in the second quarter. Jag Capital Management LLC now owns 34,844 shares of the company’s stock worth $1,528,000 after purchasing an additional 1,116 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC increased its holdings in shares of The Coca-Cola by 1.7% in the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 70,938 shares of the company’s stock worth $3,111,000 after purchasing an additional 1,172 shares during the last quarter. Greatmark Investment Partners Inc. increased its holdings in shares of The Coca-Cola by 0.9% in the first quarter. Greatmark Investment Partners Inc. now owns 144,876 shares of the company’s stock worth $6,292,000 after purchasing an additional 1,244 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in shares of The Coca-Cola by 0.9% in the second quarter. Gradient Investments LLC now owns 147,766 shares of the company’s stock worth $6,481,000 after purchasing an additional 1,248 shares during the last quarter. 65.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:KO opened at $45.99 on Friday. The Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $48.62. The company has a market cap of $197.26 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 2.85 and a beta of 0.74. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 1.39.
The Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The business had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. analysts anticipate that The Coca-Cola Co will post 2.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 3.39%. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
KO has been the topic of several research reports. JPMorgan Chase & Co. reaffirmed a “$45.12” rating and issued a $49.00 target price on shares of The Coca-Cola in a report on Wednesday, July 18th. TheStreet raised The Coca-Cola from a “c+” rating to a “b-” rating in a report on Tuesday, July 17th. SunTrust Banks lifted their price target on The Coca-Cola to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Royal Bank of Canada set a $56.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, Morningstar set a $49.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The Coca-Cola currently has an average rating of “Hold” and a consensus target price of $50.31.
In other The Coca-Cola news, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the completion of the transaction, the vice president now owns 200,725 shares in the company, valued at $9,323,676.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Murphy sold 111,468 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $46.46, for a total value of $5,178,803.28. Following the transaction, the insider now owns 196,337 shares of the company’s stock, valued at approximately $9,121,817.02. The disclosure for this sale can be found here. Insiders have sold 215,822 shares of company stock valued at $10,027,727 in the last 90 days. Company insiders own 1.48% of the company’s stock.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
Further Reading: Return on Investment (ROI) Defined, Explained
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