Abner Herrman & Brock LLC raised its stake in shares of The Coca-Cola Co (NYSE:KO) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,638 shares of the company’s stock after buying an additional 265 shares during the period. Abner Herrman & Brock LLC’s holdings in The Coca-Cola were worth $4,009,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Krane Funds Advisors LLC bought a new position in The Coca-Cola in the 2nd quarter worth $25,000. LFA Lugano Financial Advisors SA raised its holdings in The Coca-Cola by 348.8% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock worth $28,000 after acquiring an additional 429 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in The Coca-Cola in the 2nd quarter worth $36,000. Prime Capital Investment Advisors LLC raised its holdings in The Coca-Cola by 49.6% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares during the period. Finally, Canton Hathaway LLC raised its holdings in The Coca-Cola by 83.5% in the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock worth $48,000 after acquiring an additional 430 shares during the period. 67.48% of the stock is owned by institutional investors.
KO has been the topic of several recent analyst reports. Atlantic Securities initiated coverage on shares of The Coca-Cola in a report on Monday, July 29th. They issued an “overweight” rating and a $62.00 target price on the stock. Credit Suisse Group lifted their target price on shares of The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Bank of America reiterated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of The Coca-Cola in a report on Wednesday, July 24th. Deutsche Bank lifted their target price on shares of The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, ValuEngine downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and a consensus price target of $54.26.
In other news, SVP Lisa Chang purchased 500 shares of The Coca-Cola stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the completion of the transaction, the senior vice president now directly owns 5,448 shares in the company, valued at $290,051.52. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer K. Mann sold 9,126 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $53.48, for a total transaction of $488,058.48. Following the completion of the transaction, the insider now owns 41,175 shares in the company, valued at $2,202,039. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 429,638 shares of company stock worth $23,411,372. 1.33% of the stock is owned by company insiders.
NYSE KO traded down $0.36 during midday trading on Friday, hitting $53.30. The company had a trading volume of 4,262,302 shares, compared to its average volume of 11,184,790. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44. The stock has a market cap of $229.11 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 3.73 and a beta of 0.45. The firm has a fifty day simple moving average of $54.39 and a two-hundred day simple moving average of $51.22. The Coca-Cola Co has a fifty-two week low of $44.25 and a fifty-two week high of $55.92.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.86 billion. During the same period last year, the business posted $0.61 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that The Coca-Cola Co will post 2.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 13th. This represents a $1.60 annualized dividend and a dividend yield of 3.00%. The Coca-Cola’s dividend payout ratio (DPR) is currently 76.92%.
The Coca-Cola 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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