First National Bank of Omaha raised its holdings in The Coca-Cola Co (NYSE:KO) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,514 shares of the company’s stock after purchasing an additional 1,989 shares during the period. First National Bank of Omaha’s holdings in The Coca-Cola were worth $5,581,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in KO. Nuveen Asset Management LLC lifted its holdings in shares of The Coca-Cola by 9,580.7% in the second quarter. Nuveen Asset Management LLC now owns 32,579,854 shares of the company’s stock valued at $1,658,966,000 after purchasing an additional 32,243,310 shares in the last quarter. Morgan Stanley lifted its holdings in shares of The Coca-Cola by 15.0% in the second quarter. Morgan Stanley now owns 41,763,050 shares of the company’s stock valued at $2,126,574,000 after purchasing an additional 5,449,889 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of The Coca-Cola by 1.4% in the second quarter. Vanguard Group Inc. now owns 308,293,644 shares of the company’s stock valued at $15,698,312,000 after purchasing an additional 4,225,080 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of The Coca-Cola by 20.9% in the second quarter. California Public Employees Retirement System now owns 23,023,556 shares of the company’s stock valued at $1,172,359,000 after purchasing an additional 3,984,190 shares in the last quarter. Finally, Thoroughbred Financial Services LLC lifted its holdings in shares of The Coca-Cola by 5,235.0% in the second quarter. Thoroughbred Financial Services LLC now owns 1,696,625 shares of the company’s stock valued at $169,662,000 after purchasing an additional 1,664,823 shares in the last quarter. 67.32% of the stock is currently owned by institutional investors.
KO stock traded down $0.18 on Friday, hitting $52.11. 4,632,751 shares of the company were exchanged, compared to its average volume of 11,144,310. The Coca-Cola Co has a twelve month low of $44.42 and a twelve month high of $55.92. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The business’s fifty day moving average is $53.90 and its two-hundred day moving average is $52.21. The stock has a market capitalization of $224.59 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Friday, October 18th. The company reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The firm had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. The Coca-Cola’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts expect that The Coca-Cola Co will post 2.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.
In other The Coca-Cola news, SVP Lisa Chang acquired 500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the purchase, the senior vice president now directly owns 5,448 shares in the company, valued at $290,051.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nancy Quan sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.90, for a total transaction of $1,293,600.00. Following the sale, the senior vice president now owns 189,049 shares of the company’s stock, valued at $10,189,741.10. The disclosure for this sale can be found here. Insiders have sold 403,026 shares of company stock valued at $22,037,406 in the last ninety days. 1.33% of the stock is currently owned by company insiders.
Several brokerages have issued reports on KO. Morgan Stanley reaffirmed a “buy” rating and issued a $60.00 price target on shares of The Coca-Cola in a report on Tuesday, October 29th. HSBC reissued a “neutral” rating and issued a $52.00 price objective on shares of The Coca-Cola in a research report on Wednesday, July 24th. UBS Group raised shares of The Coca-Cola from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $63.00 in a research report on Wednesday, October 23rd. ValuEngine lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Co set a $60.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Monday, October 21st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $55.95.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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.
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