1 week Ago By ABMN Staff
Versant Capital Management Inc increased its holdings in shares of The Coca-Cola Company ( NYSE:KO – Free Report ) by 27.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,671 shares of the company’s stock after acquiring an additional 1,867 shares during the period.
Versant Capital Management Inc’s holdings in Coca-Cola were worth $540,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quarry LP purchased a new stake in shares of Coca-Cola in the 2nd quarter worth approximately $27,000.
Hara Capital LLC bought a new stake in Coca-Cola in the third quarter worth $35,000. E Fund Management Hong Kong Co. Ltd.
purchased a new stake in shares of Coca-Cola in the third quarter worth $36,000. Mount Lucas Management LP bought a new position in shares of Coca-Cola during the second quarter valued at $38,000. Finally, MidAtlantic Capital Management Inc.
purchased a new position in shares of Coca-Cola in the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
Analyst Ratings Changes A number of research firms have weighed in on KO. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the company from $68.00 to $70.
00 in a research note on Thursday, December 12th. Morgan Stanley reduced their price target on shares of Coca-Cola from $78.00 to $76.
00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company lowered their price objective on Coca-Cola from $78.00 to $75.
00 and set an “overweight” rating on the stock in a research report on Monday, December 2nd. Truist Financial lifted their target price on Coca-Cola from $70.00 to $80.
00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Cfra reaffirmed a “hold” rating on shares of Coca-Cola in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.50. Coca-Cola Price Performance Shares of NYSE:KO opened at $61.
84 on Friday. The firm’s 50 day moving average price is $63.58 and its 200-day moving average price is $66.
56. The company has a quick ratio of 0.90, a current ratio of 1.
06 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $266.
39 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 3.83 and a beta of 0.
61. The Coca-Cola Company has a twelve month low of $57.93 and a twelve month high of $73.
53. Coca-Cola ( NYSE:KO – Get Free Report ) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.
77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03.
Coca-Cola had a net margin of 22.45% and a return on equity of 44.01%.
The business had revenue of $11.85 billion for the quarter, compared to the consensus estimate of $11.61 billion.
During the same period last year, the firm earned $0.74 earnings per share. The company’s quarterly revenue was down .
8% on a year-over-year basis. Equities research analysts expect that The Coca-Cola Company will post 2.85 EPS for the current year.
Coca-Cola Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.485 dividend.
The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.94 annualized dividend and a dividend yield of 3.
14%. Coca-Cola’s payout ratio is 80.17%.
Insiders Place Their Bets In other news, CEO James Quincey sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $64.03, for a total value of $6,403,000.
00. Following the sale, the chief executive officer now directly owns 342,546 shares in the company, valued at $21,933,220.38.
The trade was a 22.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website .
0.97% of the stock is currently owned by corporate insiders. 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. Featured Articles 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 .
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