Credit Agricole S A Raises Position in The Coca-Cola Co (KO)
Credit Agricole S A raised its position in The Coca-Cola Co (NYSE:KO) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,411,584 shares of the company’s stock after buying an additional 135,541 shares during the period. Credit Agricole S A owned 0.10% of The Coca-Cola worth $182,904,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ETRADE Capital Management LLC raised its stake in The Coca-Cola by 75.3% in the third quarter. ETRADE Capital Management LLC now owns 48,491 shares of the company’s stock valued at $2,052,000 after buying an additional 20,828 shares during the last quarter. LGT Capital Partners LTD. raised its stake in The Coca-Cola by 4.6% in the third quarter. LGT Capital Partners LTD. now owns 194,850 shares of the company’s stock valued at $8,246,000 after buying an additional 8,490 shares during the last quarter. DIAM Co. Ltd. raised its stake in The Coca-Cola by 22.5% in the third quarter. DIAM Co. Ltd. now owns 766,872 shares of the company’s stock valued at $32,320,000 after buying an additional 140,867 shares during the last quarter. Cardinal Capital Management raised its stake in The Coca-Cola by 2.4% in the third quarter. Cardinal Capital Management now owns 79,807 shares of the company’s stock valued at $3,377,000 after buying an additional 1,899 shares during the last quarter. Finally, NEXT Financial Group Inc increased its stake in The Coca-Cola by 65.9% in the third quarter. NEXT Financial Group Inc now owns 79,749 shares of the company’s stock valued at $3,375,000 after buying an additional 31,690 shares during the period. 63.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Coca-Cola Co (NYSE:KO) traded down 0.21% on Friday, hitting $43.00. 9,733,773 shares of the stock were exchanged. The firm has a market cap of $184.62 billion, a price-to-earnings ratio of 28.86 and a beta of 0.69. The firm’s 50 day moving average price is $42.47 and its 200 day moving average price is $41.77. The Coca-Cola Co has a one year low of $39.88 and a one year high of $46.01. The Coca-Cola also saw unusually large options trading activity on Tuesday. Stock investors acquired 12,635 call options on the stock. This is an increase of 130% compared to the typical volume of 5,490 call options.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.21 billion. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Equities analysts anticipate that The Coca-Cola Co will post $1.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th were paid a dividend of $0.37 per share. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, March 13th. The Coca-Cola’s dividend payout ratio (DPR) is currently 93.33%.
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Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of The Coca-Cola from a “sell” rating to a “buy” rating and set a $48.00 target price for the company in a report on Friday. Credit Suisse Group AG upgraded shares of The Coca-Cola from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $44.00 to $49.00 in a report on Wednesday. Jefferies Group LLC reiterated a “neutral” rating and issued a $45.00 target price (up previously from $42.00) on shares of The Coca-Cola in a report on Tuesday. Sanford C. Bernstein restated a “buy” rating and issued a $48.00 price target on shares of The Coca-Cola in a research note on Monday, April 10th. Finally, Wells Fargo & Co restated a “market perform” rating on shares of The Coca-Cola in a research note on Monday, March 27th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and an average price target of $43.91.
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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