The Coca-Cola Co (KO) Shares Sold by Billeaud Capital Management Inc.
Billeaud Capital Management Inc. lowered its position in The Coca-Cola Co (NYSE:KO) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,294 shares of the company’s stock after selling 644 shares during the period. The Coca-Cola makes up approximately 2.6% of Billeaud Capital Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Billeaud Capital Management Inc.’s holdings in The Coca-Cola were worth $5,033,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in KO. IMS Capital Management bought a new position in The Coca-Cola in the third quarter worth approximately $73,000. Westbourne Investment Advisors Inc. bought a new position in The Coca-Cola in the third quarter worth approximately $117,000. Fort L.P. bought a new position in The Coca-Cola in the second quarter worth approximately $122,000. Sageworth Trust Co raised its stake in The Coca-Cola by 69.5% in the third quarter. Sageworth Trust Co now owns 2,927 shares of the company’s stock worth $135,000 after buying an additional 1,200 shares in the last quarter. Finally, BDO Wealth Advisors LLC raised its stake in The Coca-Cola by 104.9% in the second quarter. BDO Wealth Advisors LLC now owns 3,163 shares of the company’s stock worth $139,000 after buying an additional 1,619 shares in the last quarter. 65.53% of the stock is owned by institutional investors and hedge funds.
KO has been the topic of several analyst reports. Guggenheim initiated coverage on shares of The Coca-Cola in a report on Thursday, September 13th. They issued a “buy” rating and a $51.00 price target on the stock. Macquarie set a $47.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Friday, September 14th. Morgan Stanley set a $49.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Wednesday, September 26th. HSBC set a $61.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Thursday, September 27th. Finally, Morningstar set a $49.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.78.
NYSE:KO traded up $0.27 during mid-day trading on Friday, hitting $47.34. The company’s stock had a trading volume of 10,935,968 shares, compared to its average volume of 14,104,133. The Coca-Cola Co has a 1 year low of $41.45 and a 1 year high of $50.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.06. The firm has a market cap of $198.66 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 2.85 and a beta of 0.62.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The company had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.20 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. As a group, equities research analysts predict that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, November 29th. The Coca-Cola’s payout ratio is 81.68%.
The Coca-Cola Company Profile
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 plantbased 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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