The Coca-Cola Co (KO) Shares Sold by ZWJ Investment Counsel Inc.
ZWJ Investment Counsel Inc. trimmed its holdings in The Coca-Cola Co (NYSE:KO) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,454,365 shares of the company’s stock after selling 28,011 shares during the period. The Coca-Cola makes up 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 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of The Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after purchasing an additional 4,818,963 shares in the last quarter. BlackRock Inc. grew its position in shares of The Coca-Cola by 0.3% during the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock valued at $10,839,247,000 after purchasing an additional 750,257 shares in the last quarter. Capital World Investors grew its position in shares of The Coca-Cola by 8.9% during the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after purchasing an additional 11,593,679 shares in the last quarter. Northern Trust Corp grew its position in shares of The Coca-Cola by 4.5% during the 2nd quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock valued at $2,276,647,000 after purchasing an additional 2,167,225 shares in the last quarter. Finally, Capital International Investors grew its position in shares of The Coca-Cola by 1.0% during the 2nd quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock valued at $1,699,722,000 after purchasing an additional 383,733 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.
Shares of The Coca-Cola Co (KO) opened at $44.57 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25. The firm has a market cap of $190,070.00, a price-to-earnings ratio of 40.52, a price-to-earnings-growth ratio of 2.60 and a beta of 0.77. The Coca-Cola Co has a one year low of $41.83 and a one year high of $48.62.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.50%. The Coca-Cola’s payout ratio is currently 134.55%.
A number of research firms have recently commented on KO. Stifel Nicolaus restated a “hold” rating and set a $49.00 price target on shares of The Coca-Cola in a research report on Friday, December 22nd. Goldman Sachs Group set a $49.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, January 10th. Morningstar set a $48.50 price target on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Wednesday, February 28th. Susquehanna Bancshares set a $45.00 price target on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Monday, February 12th. Finally, Vetr lowered shares of The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 price target for the company. in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The Coca-Cola presently has an average rating of “Hold” and an average target price of $49.21.
In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Following the completion of the sale, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the sale, the insider now directly owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The disclosure for this sale can be found here. Insiders sold 124,523 shares of company stock valued at $5,885,511 over the last three months. 1.48% of the stock is currently owned by insiders.
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The Coca-Cola 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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