Dearborn Partners LLC Has $22.94 Million Position in The Coca-Cola Co (KO)
Dearborn Partners LLC decreased its position in shares of The Coca-Cola Co (NYSE:KO) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,047 shares of the company’s stock after selling 11,595 shares during the period. The Coca-Cola comprises approximately 1.7% of Dearborn Partners LLC’s holdings, making the stock its 23rd biggest holding. Dearborn Partners LLC’s holdings in The Coca-Cola were worth $22,942,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Trust LLC increased its stake in The Coca-Cola by 1.4% during the 2nd quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock worth $283,000 after buying an additional 89 shares during the period. Noesis Capital Mangement Corp increased its stake in The Coca-Cola by 1.0% during the 2nd quarter. Noesis Capital Mangement Corp now owns 8,680 shares of the company’s stock worth $389,000 after buying an additional 90 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in The Coca-Cola by 0.6% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 16,963 shares of the company’s stock worth $753,000 after buying an additional 95 shares during the period. Pacific Center for Financial Services increased its stake in The Coca-Cola by 1.4% during the 2nd quarter. Pacific Center for Financial Services now owns 7,422 shares of the company’s stock worth $333,000 after buying an additional 100 shares during the period. Finally, Monetary Management Group Inc. increased its position in shares of The Coca-Cola by 1.0% in the 2nd quarter. Monetary Management Group Inc. now owns 10,625 shares of the company’s stock worth $477,000 after purchasing an additional 100 shares during the last quarter. 66.16% of the stock is currently owned by hedge funds and other institutional investors.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer K. Mann sold 1,883 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. Following the transaction, the insider now directly owns 98,995 shares of the company’s stock, valued at $4,454,775. The disclosure for this sale can be found here. Insiders have sold a total of 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 company insiders.
The Coca-Cola Co (NYSE:KO) opened at $43.46 on Friday. The Coca-Cola Co has a fifty-two week low of $41.91 and a fifty-two week high of $48.62. 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 company has a market cap of $186,292.09, a PE ratio of 160.96, a PEG ratio of 2.53 and a beta of 0.77.
The Coca-Cola (NYSE:KO) last posted its earnings results on Friday, February 16th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The Coca-Cola’s revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. analysts anticipate that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.59%. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 14th. The Coca-Cola’s payout ratio is presently 577.78%.
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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