JSF Financial LLC bought a new stake in shares of The Coca-Cola Company (NYSE:KO – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,216 shares of the company’s stock, valued at approximately $205,000.
A number of other institutional investors and hedge funds have also made changes to their positions in KO. My Personal CFO LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at $25,000. Worth Asset Management LLC boosted its stake in shares of Coca-Cola by 956.1% during the 4th quarter. Worth Asset Management LLC now owns 433 shares of the company’s stock worth $28,000 after purchasing an additional 392 shares during the period. Exos TFP Holdings LLC purchased a new position in shares of Coca-Cola during the 3rd quarter worth about $27,000. VitalStone Financial LLC purchased a new stake in Coca-Cola in the 4th quarter valued at about $32,000. Finally, Neo Ivy Capital Management purchased a new stake in Coca-Cola in the 3rd quarter valued at about $31,000. Institutional investors own 68.74% of the company’s stock.
Analyst Upgrades and Downgrades
KO has been the subject of several recent research reports. Evercore ISI boosted their price target on shares of Coca-Cola from $68.00 to $70.00 in a report on Tuesday, April 25th. JPMorgan Chase & Co. set a $67.00 price target on shares of Coca-Cola in a research note on Tuesday, February 14th. UBS Group upped their price target on shares of Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola from $61.00 to $63.00 in a report on Tuesday, April 25th. Finally, Royal Bank of Canada set a $69.00 price target on shares of Coca-Cola in a report on Tuesday, February 14th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $67.80.
Coca-Cola Price Performance
Shares of NYSE KO traded down $0.04 during trading on Friday, hitting $60.37. 3,181,377 shares of the company were exchanged, compared to its average volume of 12,734,476. The company has a market cap of $261.07 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.45 and a beta of 0.54. The Coca-Cola Company has a 1 year low of $54.01 and a 1 year high of $65.47. The firm’s fifty day moving average price is $62.68 and its 200 day moving average price is $61.85. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.15 and a quick ratio of 0.95.
Coca-Cola (NYSE:KO – Get Rating) last released its quarterly earnings data on Monday, April 24th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. Coca-Cola had a net margin of 22.69% and a return on equity of 42.96%. The business had revenue of $11 billion for the quarter, compared to analyst estimates of $10.78 billion. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts expect that The Coca-Cola Company will post 2.61 earnings per share for the current fiscal year.
Coca-Cola Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 16th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, June 15th. Coca-Cola’s dividend payout ratio is currently 80.70%.
The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.
- Get a free copy of the StockNews.com research report on Coca-Cola (KO)
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