Community Bank & Trust Waco Texas raised its stake in Coca-Cola Company (The) (NYSE:KO) by 50.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,859 shares of the company’s stock after buying an additional 5,628 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Coca-Cola were worth $756,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of KO. Summit Financial Group Inc. purchased a new position in Coca-Cola during the 2nd quarter valued at about $2,779,000. Global X Management Co. LLC grew its stake in Coca-Cola by 6.0% during the 2nd quarter. Global X Management Co. LLC now owns 222,216 shares of the company’s stock valued at $9,966,000 after acquiring an additional 12,513 shares in the last quarter. BB&T Corp grew its stake in Coca-Cola by 9.5% during the 2nd quarter. BB&T Corp now owns 913,715 shares of the company’s stock valued at $40,980,000 after acquiring an additional 78,932 shares in the last quarter. Keystone Financial Planning Inc. grew its stake in Coca-Cola by 2.1% during the 1st quarter. Keystone Financial Planning Inc. now owns 120,433 shares of the company’s stock valued at $5,111,000 after acquiring an additional 2,465 shares in the last quarter. Finally, Rothschild Investment Corp IL grew its stake in Coca-Cola by 1.3% during the 2nd quarter. Rothschild Investment Corp IL now owns 53,661 shares of the company’s stock valued at $2,407,000 after acquiring an additional 681 shares in the last quarter. Institutional investors own 65.38% of the company’s stock.
Coca-Cola Company (NYSE:KO) traded up $0.03 on Wednesday, hitting $46.26. The stock had a trading volume of 13,670,699 shares, compared to its average volume of 11,512,455. The company has a market capitalization of $196,970.64, a PE ratio of 24.46, 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 announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $9.08 billion for 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%. The business’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. analysts anticipate that Coca-Cola Company will post 1.9 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, November 30th. Coca-Cola’s payout ratio is presently 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the sale, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.51% of the stock is currently owned by corporate insiders.
KO has been the topic of several research analyst reports. Jefferies Group set a $47.00 target price on Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $49.00 price target on shares of Coca-Cola in a report on Wednesday, September 6th. lifted their price target on Coca-Cola from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. BMO Capital Markets reiterated a “hold” rating and set a $47.00 price target on shares of Coca-Cola in a report on Friday, October 27th. Finally, Goldman Sachs Group set a $45.00 price target on Coca-Cola and gave the company a “sell” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.80.
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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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