Jensen Investment Management Inc. lifted its position in The Coca-Cola Co (NYSE:KO) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,967,809 shares of the company’s stock after buying an additional 10,261 shares during the quarter. The Coca-Cola makes up 1.7% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 26th largest holding. Jensen Investment Management Inc. owned approximately 0.07% of The Coca-Cola worth $136,163,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of KO. Veritas Investment Management LLP purchased a new stake in shares of The Coca-Cola during the third quarter worth about $135,000. Spectrum Management Group Inc. bought a new position in shares of The Coca-Cola during the third quarter valued at approximately $137,000. Legacy Advisors LLC bought a new position in shares of The Coca-Cola during the third quarter valued at approximately $139,000. Almanack Investment Partners LLC. bought a new position in shares of The Coca-Cola during the second quarter valued at approximately $142,000. Finally, Shine Investment Advisory Services Inc. boosted its position in shares of The Coca-Cola by 102.2% during the third quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after buying an additional 1,610 shares during the period. Institutional investors own 66.16% of the company’s stock.
The Coca-Cola Co (NYSE KO) traded down $0.40 during midday trading on Wednesday, reaching $43.78. 15,160,860 shares of the company’s stock were exchanged, compared to its average volume of 13,472,715. The company has a market cap of $190,070.00, a P/E ratio of 39.80, a P/E/G ratio of 2.58 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64. The Coca-Cola Co has a 52-week low of $41.90 and a 52-week high of $48.62.
The Coca-Cola (NYSE:KO) last issued its earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. research analysts forecast that The Coca-Cola Co will post 2.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.56%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio is currently 134.55%.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 24,673 shares in the company, valued at approximately $1,183,070.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jennifer K. Mann sold 1,883 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,523 shares of company stock valued at $5,885,511. 1.48% of the stock is owned by corporate insiders.
KO has been the topic of several research reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $48.00 price target (up previously from $47.00) on shares of The Coca-Cola in a report on Friday, February 16th. Goldman Sachs Group set a $45.00 target price on shares of The Coca-Cola and gave the company a “sell” rating in a research note on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 target price on shares of The Coca-Cola and gave the company a “hold” rating in a research note on Wednesday, December 20th. Jefferies Group reaffirmed a “neutral” rating and issued a $49.00 price target on shares of The Coca-Cola in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.21.
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The Coca-Cola 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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