2 weeks Ago By ABMN Staff
Aviso Wealth Management trimmed its stake in The Coca-Cola Company ( NYSE:KO – Free Report ) by 4.3% in the second quarter, Holdings Channel.com reports.
The firm owned 4,146 shares of the company’s stock after selling 186 shares during the quarter. Aviso Wealth Management’s holdings in Coca-Cola were worth $264,000 as of its most recent SEC filing. Other hedge funds have also made changes to their positions in the company.
Swedbank AB purchased a new stake in shares of Coca-Cola in the first quarter worth approximately $102,604,000. Angeles Investment Advisors LLC lifted its position in shares of Coca-Cola by 2.4% in the fourth quarter.
Angeles Investment Advisors LLC now owns 15,812 shares of the company’s stock worth $932,000 after purchasing an additional 374 shares in the last quarter. Wealth Quarterback LLC lifted its position in shares of Coca-Cola by 3.2% in the fourth quarter.
Wealth Quarterback LLC now owns 17,454 shares of the company’s stock worth $1,029,000 after purchasing an additional 537 shares in the last quarter. BDF Gestion purchased a new stake in shares of Coca-Cola in the second quarter worth approximately $7,421,000. Finally, Duality Advisers LP lifted its position in shares of Coca-Cola by 191.
1% in the first quarter. Duality Advisers LP now owns 111,851 shares of the company’s stock worth $6,843,000 after purchasing an additional 73,434 shares in the last quarter. 70.
26% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several equities analysts recently weighed in on the stock. Bank of America raised their price objective on shares of Coca-Cola from $68.
00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a research report on Thursday, September 5th.
Citigroup raised their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th.
Morgan Stanley raised their price objective on shares of Coca-Cola from $70.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, August 27th.
Finally, Wells Fargo & Company raised their price objective on shares of Coca-Cola from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, September 16th.
Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.
07. Insider Transactions at Coca-Cola In other Coca-Cola news, EVP Nancy Quan sold 18,482 shares of Coca-Cola stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.
95, for a total transaction of $1,274,333.90. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at $15,398,603.
50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . In other Coca-Cola news, insider Bruno Pietracci sold 38,653 shares of Coca-Cola stock in a transaction on Friday, August 2nd.
The shares were sold at an average price of $69.01, for a total transaction of $2,667,443.53.
The transaction was disclosed in a filing with the SEC, which is accessible through this link . Also, EVP Nancy Quan sold 18,482 shares of Coca-Cola stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $68.
95, for a total transaction of $1,274,333.90. Following the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,398,603.
50. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 974,715 shares of company stock worth $579,704,927.
Insiders own 0.97% of the company’s stock. Coca-Cola Trading Up 0.
5 % Shares of Coca-Cola stock opened at $71.79 on Friday. The company’s fifty day simple moving average is $69.
82 and its 200-day simple moving average is $64.75. The company has a market cap of $309.
27 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.97 and a beta of 0.
60. The company has a current ratio of 1.08, a quick ratio of 0.
92 and a debt-to-equity ratio of 1.39. The Coca-Cola Company has a 1 year low of $51.
55 and a 1 year high of $73.53. Coca-Cola ( NYSE:KO – Get Free Report ) last announced 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. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.
78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.
62%. Coca-Cola’s quarterly revenue was up 3.3% on a year-over-year basis.
During the same quarter last year, the company posted $0.78 earnings per share. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.
85 EPS for the current year. Coca-Cola Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.
485 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.
94 annualized dividend and a dividend yield of 2.70%. Coca-Cola’s payout ratio is 77.
60%. Coca-Cola Profile ( 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. Recommended Stories Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Coca-Cola Company ( NYSE:KO – Free Report ).
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 ..
