2 weeks Ago By ABMN Staff
Buck Wealth Strategies LLC reduced its stake in The Coca-Cola Company ( NYSE:KO – Free Report ) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,305 shares of the company’s stock after selling 19,750 shares during the period.
Coca-Cola makes up approximately 2.3% of Buck Wealth Strategies LLC’s portfolio, making the stock its 15th biggest position. Buck Wealth Strategies LLC’s holdings in Coca-Cola were worth $7,657,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the stock. New Millennium Group LLC acquired a new stake in Coca-Cola in the 2nd quarter valued at approximately $26,000. Redmont Wealth Advisors LLC acquired a new position in Coca-Cola during the 1st quarter worth about $28,000.
ESL Trust Services LLC purchased a new position in Coca-Cola during the 1st quarter valued at about $28,000. DiNuzzo Private Wealth Inc. grew its position in Coca-Cola by 65.
0% in the 1st quarter. DiNuzzo Private Wealth Inc. now owns 523 shares of the company’s stock valued at $32,000 after acquiring an additional 206 shares in the last quarter.
Finally, Mount Lucas Management LP purchased a new stake in Coca-Cola during the second quarter worth about $38,000. Institutional investors and hedge funds own 70.26% of the company’s stock.
Insider Buying and Selling at Coca-Cola In other news, EVP Nancy Quan sold 19,304 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $64.96, for a total transaction of $1,253,987.
84. Following the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at approximately $14,507,516.80.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . In other Coca-Cola news, CEO James Quincey sold 42,397 shares of Coca-Cola stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $70.
02, for a total transaction of $2,968,637.94. Following the completion of the transaction, the chief executive officer now owns 442,546 shares in the company, valued at $30,987,070.
92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, EVP Nancy Quan sold 19,304 shares of the stock in a transaction that occurred on Wednesday, July 17th.
The shares were sold at an average price of $64.96, for a total transaction of $1,253,987.84.
Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at $14,507,516.80. The disclosure for this sale can be found here .
Over the last three months, insiders sold 974,715 shares of company stock valued at $579,704,927. Corporate insiders own 0.97% of the company’s stock.
Coca-Cola Stock Performance Coca-Cola ( NYSE:KO – Get Free Report ) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
81 by $0.03. Coca-Cola had a return on equity of 43.
62% and a net margin of 22.92%. The firm had revenue of $12.
40 billion during the quarter, compared to analysts’ expectations of $11.78 billion. Coca-Cola’s revenue was up 3.
3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share.
Research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year. Coca-Cola Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st.
Shareholders of record on Friday, September 13th will be given a dividend of $0.485 per share. The ex-dividend date is Friday, September 13th.
This represents a $1.94 annualized dividend and a yield of 2.70%.
Coca-Cola’s payout ratio is currently 77.60%. Analysts Set New Price Targets Several equities analysts have commented on the stock.
JPMorgan Chase & Co. raised their price target on shares of Coca-Cola from $68.00 to $72.
00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola from $64.00 to $65.
00 and gave the company a “hold” rating in a report on Wednesday, July 24th. BNP Paribas assumed coverage on shares of Coca-Cola in a research report on Monday, June 24th. They issued an “outperform” rating and a $72.
00 target price on the stock. Royal Bank of Canada lifted their target price on Coca-Cola from $65.00 to $68.
00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Barclays lifted their target price on shares of Coca-Cola from $69.00 to $70.
00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.
com, Coca-Cola currently has an average rating of “Moderate Buy” and an average price target of $71.07. Check Out Our Latest Report on Coca-Cola About Coca-Cola ( Free Report ) The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide.
The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. See Also Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.
com's FREE daily email newsletter ..
