Buckley Wealth Management LLC decreased its position in shares of The Coca-Cola Co (NYSE:KO) by 18.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,788 shares of the company’s stock after selling 2,000 shares during the quarter. Buckley Wealth Management LLC’s holdings in The Coca-Cola were worth $478,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in KO. FCA Corp TX acquired a new stake in The Coca-Cola in the second quarter worth about $211,000. Davy Asset Management Ltd acquired a new stake in The Coca-Cola in the second quarter worth about $891,000. Curbstone Financial Management Corp lifted its holdings in The Coca-Cola by 6.0% in the second quarter. Curbstone Financial Management Corp now owns 20,550 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,170 shares during the period. L & S Advisors Inc lifted its holdings in The Coca-Cola by 283.6% in the second quarter. L & S Advisors Inc now owns 63,072 shares of the company’s stock worth $3,212,000 after purchasing an additional 46,632 shares during the period. Finally, Marathon Capital Management lifted its holdings in The Coca-Cola by 7.0% in the second quarter. Marathon Capital Management now owns 10,851 shares of the company’s stock worth $552,000 after purchasing an additional 712 shares during the period. 67.48% of the stock is owned by institutional investors.
NYSE KO traded down $0.36 on Friday, reaching $53.30. The company’s stock had a trading volume of 8,981,549 shares, compared to its average volume of 11,184,790. The firm’s 50 day moving average is $54.39 and its two-hundred day moving average is $51.22. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83. The stock has a market cap of $229.11 billion, a PE ratio of 25.63, a PEG ratio of 3.73 and a beta of 0.45. The Coca-Cola Co has a twelve month low of $44.25 and a twelve month high of $55.92.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. Equities research analysts anticipate that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, September 13th. This represents a $1.60 annualized dividend and a yield of 3.00%. The Coca-Cola’s payout ratio is presently 76.92%.
Several equities research analysts recently weighed in on KO shares. HSBC reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of The Coca-Cola in a report on Wednesday, July 24th. SunTrust Banks upped their price objective on shares of The Coca-Cola to $60.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Credit Suisse Group upped their price objective on shares of The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. BMO Capital Markets upped their price objective on shares of The Coca-Cola from $48.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley set a $60.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $54.26.
In other The Coca-Cola news, insider Nikolaos Koumettis sold 146,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $54.31, for a total transaction of $7,929,260.00. Following the sale, the insider now owns 244,451 shares in the company, valued at approximately $13,276,133.81. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Beatriz R. Perez sold 14,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total value of $747,600.00. Following the sale, the senior vice president now owns 108,457 shares in the company, valued at approximately $5,791,603.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 429,638 shares of company stock worth $23,411,372. Corporate insiders own 1.33% of the company’s stock.
The Coca-Cola Company Profile
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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