Aufman Associates Inc purchased a new position in The Coca-Cola Co (NYSE:KO) in the fourth quarter, Holdings Channel reports. The fund purchased 5,124 shares of the company’s stock, valued at approximately $284,000.
Other large investors also recently made changes to their positions in the company. Strategic Blueprint LLC purchased a new stake in The Coca-Cola in the third quarter valued at approximately $54,000. CHURCHILL MANAGEMENT Corp raised its stake in shares of The Coca-Cola by 1.3% during the third quarter. CHURCHILL MANAGEMENT Corp now owns 184,835 shares of the company’s stock worth $10,062,000 after purchasing an additional 2,286 shares during the last quarter. Asset Dedication LLC raised its stake in shares of The Coca-Cola by 5.0% during the third quarter. Asset Dedication LLC now owns 28,786 shares of the company’s stock worth $1,565,000 after purchasing an additional 1,379 shares during the last quarter. Optimum Investment Advisors raised its stake in shares of The Coca-Cola by 6.0% during the third quarter. Optimum Investment Advisors now owns 9,435 shares of the company’s stock worth $514,000 after purchasing an additional 536 shares during the last quarter. Finally, Founders Financial Securities LLC raised its stake in shares of The Coca-Cola by 5.7% during the third quarter. Founders Financial Securities LLC now owns 11,943 shares of the company’s stock worth $650,000 after purchasing an additional 643 shares during the last quarter. 67.58% of the stock is owned by institutional investors.
NYSE:KO opened at $59.95 on Friday. The stock has a fifty day moving average price of $56.94 and a two-hundred day moving average price of $54.64. The stock has a market capitalization of $256.00 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 3.66 and a beta of 0.41. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.76. The Coca-Cola Co has a 1 year low of $44.42 and a 1 year high of $60.07.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $8.88 billion. The Coca-Cola had a return on equity of 44.39% and a net margin of 24.38%. The Coca-Cola’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, analysts predict that The Coca-Cola Co will post 2.26 EPS for the current year.
Several research firms have recently commented on KO. Credit Suisse Group upgraded The Coca-Cola from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $54.00 to $64.00 in a research note on Thursday, January 9th. Morgan Stanley upped their price target on The Coca-Cola from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Guggenheim set a $59.00 price target on The Coca-Cola and gave the stock a “buy” rating in a research note on Friday, October 18th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Thursday, January 23rd. Finally, Citigroup upped their price target on The Coca-Cola from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $60.28.
In other The Coca-Cola news, SVP Nancy Quan sold 10,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the senior vice president now owns 175,049 shares of the company’s stock, valued at $8,052,254. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Larry M. Mark sold 90,289 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $54.93, for a total value of $4,959,574.77. Following the completion of the sale, the vice president now directly owns 93,474 shares in the company, valued at approximately $5,134,526.82. The disclosure for this sale can be found here. Insiders sold 178,097 shares of company stock valued at $9,887,839 in the last quarter. 1.33% of the stock is currently owned by company insiders.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based 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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