Coldstream Capital Management Inc. raised its position in shares of The Coca-Cola Co (NYSE:KO) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 67,478 shares of the company’s stock after purchasing an additional 634 shares during the period. Coldstream Capital Management Inc.’s holdings in The Coca-Cola were worth $3,436,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. CSat Investment Advisory L.P. lifted its holdings in The Coca-Cola by 119.2% during the second quarter. CSat Investment Advisory L.P. now owns 10,819 shares of the company’s stock valued at $551,000 after purchasing an additional 5,884 shares in the last quarter. Rainier Group Investment Advisory LLC lifted its holdings in The Coca-Cola by 9.3% in the 2nd quarter. Rainier Group Investment Advisory LLC now owns 8,443 shares of the company’s stock valued at $430,000 after purchasing an additional 719 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in The Coca-Cola by 133.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 64,091 shares of the company’s stock valued at $3,264,000 after purchasing an additional 36,675 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in The Coca-Cola by 0.4% in the 2nd quarter. Hilltop Holdings Inc. now owns 78,416 shares of the company’s stock valued at $3,993,000 after purchasing an additional 275 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in The Coca-Cola in the 2nd quarter valued at $16,140,000. 67.48% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Beatriz R. Perez sold 14,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $53.40, for a total transaction of $747,600.00. Following the transaction, the senior vice president now owns 108,457 shares of the company’s stock, valued at $5,791,603.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lisa Chang acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the acquisition, the senior vice president now directly owns 5,448 shares of the company’s stock, valued at $290,051.52. The disclosure for this purchase can be found here. In the last quarter, insiders sold 429,638 shares of company stock valued at $23,411,372. 1.33% of the stock is owned by company insiders.
NYSE KO traded down $0.61 on Friday, reaching $53.91. The stock had a trading volume of 19,204,802 shares, compared to its average volume of 10,387,606. 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 Coca-Cola Co has a 12-month low of $44.25 and a 12-month high of $55.92. The business’s 50-day moving average price is $54.08 and its 200 day moving average price is $50.36. The stock has a market cap of $231.89 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 3.77 and a beta of 0.44.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.01. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.86 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that The Coca-Cola Co will post 2.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Friday, September 13th. The Coca-Cola’s dividend payout ratio is currently 76.92%.
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 plantbased 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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