Sawyer & Company Inc acquired a new position in The Coca-Cola Co (NYSE:KO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,630 shares of the company’s stock, valued at approximately $2,873,000. The Coca-Cola makes up 1.9% of Sawyer & Company Inc’s investment portfolio, making the stock its 13th largest position.
Several other large investors also recently bought and sold shares of the company. Weybosset Research & Management LLC increased its stake in The Coca-Cola by 3.8% in the 2nd quarter. Weybosset Research & Management LLC now owns 16,439 shares of the company’s stock worth $737,000 after buying an additional 601 shares in the last quarter. Kanawha Capital Management LLC increased its stake in The Coca-Cola by 0.8% in the 2nd quarter. Kanawha Capital Management LLC now owns 168,925 shares of the company’s stock worth $7,576,000 after buying an additional 1,382 shares in the last quarter. Sei Investments Co. increased its stake in The Coca-Cola by 33.0% in the 2nd quarter. Sei Investments Co. now owns 721,328 shares of the company’s stock worth $32,352,000 after buying an additional 179,033 shares in the last quarter. Oakworth Capital Inc. increased its stake in The Coca-Cola by 0.7% in the 2nd quarter. Oakworth Capital Inc. now owns 28,356 shares of the company’s stock worth $1,271,000 after buying an additional 209 shares in the last quarter. Finally, YHB Investment Advisors Inc. increased its stake in The Coca-Cola by 1.1% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,426 shares of the company’s stock worth $1,454,000 after buying an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 65.34% of the company’s stock.
The Coca-Cola Co (KO) opened at $44.98 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola Co has a 1-year low of $41.05 and a 1-year high of $48.62. The company has a market cap of $191,644.80, a PE ratio of 23.55, a P/E/G ratio of 3.63 and a beta of 0.70.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.56 annualized dividend and a yield of 3.47%. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio (DPR) is presently 548.15%.
A number of brokerages have issued reports on KO. Susquehanna Bancshares set a $41.00 price target on The Coca-Cola and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group set a $45.00 price objective on The Coca-Cola and gave the company a “sell” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. set a $49.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, November 16th. Wells Fargo & Co upgraded The Coca-Cola from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $46.72 to $51.00 in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada set a $49.00 price objective on The Coca-Cola and gave the company a “buy” rating in a research report on Sunday, November 12th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.09.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the sale, the insider now owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the sale, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at approximately $5,713,185.40. The disclosure for this sale can be found here. In the last three months, insiders sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is owned by insiders.
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About The Coca-Cola
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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