Mutual of America Capital Management LLC Has $21.67 Million Position in The Coca-Cola Co (KO)
Mutual of America Capital Management LLC lifted its stake in shares of The Coca-Cola Co (NYSE:KO) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 494,146 shares of the company’s stock after purchasing an additional 2,949 shares during the quarter. Mutual of America Capital Management LLC’s holdings in The Coca-Cola were worth $21,673,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Princeton Capital Management LLC purchased a new position in The Coca-Cola during the first quarter worth about $100,000. Clarus Wealth Advisors purchased a new position in The Coca-Cola during the second quarter worth about $101,000. WP Advisors LLC purchased a new position in The Coca-Cola during the second quarter worth about $107,000. Signature Estate & Investment Advisors LLC purchased a new position in The Coca-Cola during the second quarter worth about $116,000. Finally, Lee Financial Co grew its position in The Coca-Cola by 385.0% during the first quarter. Lee Financial Co now owns 3,759 shares of the company’s stock worth $163,000 after buying an additional 2,984 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.
Several research firms recently commented on KO. TheStreet upgraded The Coca-Cola from a “c+” rating to a “b-” rating in a research report on Tuesday, July 17th. Gabelli reiterated a “hold” rating on shares of The Coca-Cola in a report on Thursday, July 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $50.00 price objective on shares of The Coca-Cola in a report on Thursday, July 26th. Morgan Stanley set a $49.00 price objective on The Coca-Cola and gave the stock a “neutral” rating in a report on Wednesday. Finally, Jefferies Financial Group reiterated a “neutral” rating and issued a $48.00 price objective on shares of The Coca-Cola in a report on Wednesday, August 22nd. Fourteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.24.
KO opened at $44.95 on Friday. The stock has a market capitalization of $193.54 billion, a PE ratio of 23.03, a PEG ratio of 2.80 and a beta of 0.79. The Coca-Cola Co has a 12-month low of $41.45 and a 12-month high of $48.62. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06.
The Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, July 25th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.54 billion. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The Coca-Cola’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. equities research analysts expect that The Coca-Cola Co will post 2.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.47%. The ex-dividend date is Thursday, September 13th. The Coca-Cola’s dividend payout ratio is presently 81.68%.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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