Schroder Investment Management Group decreased its stake in Coca-Cola Company (The) (NYSE:KO) by 20.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,310,390 shares of the company’s stock after selling 845,910 shares during the period. Schroder Investment Management Group owned 0.08% of Coca-Cola worth $148,404,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC raised its stake in Coca-Cola by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after acquiring an additional 129 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Coca-Cola by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after purchasing an additional 1,026 shares during the period. Perkins Coie Trust Co increased its position in shares of Coca-Cola by 21.9% during the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock valued at $143,000 after purchasing an additional 572 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Coca-Cola by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after purchasing an additional 264 shares during the period. Finally, Welch Investments LLC increased its position in shares of Coca-Cola by 26.5% during the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock valued at $148,000 after purchasing an additional 733 shares during the period. 65.38% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on KO shares. Wells Fargo & Company upgraded Coca-Cola from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $46.72 to $51.00 in a research report on Tuesday, November 14th. Vetr upgraded Coca-Cola from a “sell” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Zacks Investment Research upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Friday, October 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 price target on shares of Coca-Cola in a research report on Wednesday, September 6th. Finally, Susquehanna Bancshares set a $41.00 price target on Coca-Cola and gave the company a “hold” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.80.
Shares of Coca-Cola Company (NYSE:KO) traded up $0.19 during trading on Thursday, hitting $46.45. The stock had a trading volume of 8,153,900 shares, compared to its average volume of 11,498,164. The firm has a market capitalization of $197,098.45, a PE ratio of 24.48, a PEG ratio of 3.91 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. Coca-Cola Company has a 1-year low of $40.22 and a 1-year high of $47.48.
Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. Coca-Cola’s revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. research analysts anticipate that Coca-Cola Company will post 1.9 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.19%. Coca-Cola’s payout ratio is 140.95%.
Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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