Lucia Wealth Services LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 53.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,520 shares of the company’s stock after purchasing an additional 2,632 shares during the quarter. Lucia Wealth Services LLC’s holdings in The Coca-Cola were worth $327,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in KO. Spinnaker Trust increased its stake in shares of The Coca-Cola by 49.9% during the 1st quarter. Spinnaker Trust now owns 24,959 shares of the company’s stock worth $1,083,000 after purchasing an additional 8,312 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in shares of The Coca-Cola by 19.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 67,466 shares of the company’s stock worth $2,930,000 after purchasing an additional 10,973 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of The Coca-Cola by 7.4% during the 1st quarter. Quadrant Capital Group LLC now owns 26,291 shares of the company’s stock worth $1,119,000 after purchasing an additional 1,815 shares during the last quarter. SVA Plumb Wealth Management LLC increased its stake in shares of The Coca-Cola by 2.1% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 61,486 shares of the company’s stock worth $2,767,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of The Coca-Cola by 28.4% during the 1st quarter. Toronto Dominion Bank now owns 2,206,283 shares of the company’s stock worth $95,797,000 after purchasing an additional 487,407 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.
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Shares of The Coca-Cola opened at $43.46 on Thursday, Marketbeat Ratings reports. The company has a quick ratio of 1.12, a current ratio of 1.21 and a debt-to-equity ratio of 1.38. The Coca-Cola Company has a fifty-two week low of $41.45 and a fifty-two week high of $48.62. The firm has a market capitalization of $183.90 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 2.52 and a beta of 0.73.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The Coca-Cola had a net margin of 4.23% and a return on equity of 39.54%. The firm had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the prior year, the firm earned $0.43 EPS. The business’s revenue was down 16.6% on a year-over-year basis. equities research analysts expect that The Coca-Cola Company will post 2.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, June 14th. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.
In other The Coca-Cola news, insider Jennifer K. Mann sold 1,883 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $45.00, for a total value of $84,735.00. Following the completion of the sale, the insider now directly owns 98,995 shares of the company’s stock, valued at approximately $4,454,775. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.48% of the stock is owned by corporate insiders.
Several brokerages have recently commented on KO. Barclays upgraded shares of The Coca-Cola from an “equal weight” rating to an “overweight” rating and set a $48.00 price target on the stock in a research note on Thursday, May 17th. Zacks Investment Research lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a target price (up from ) on shares of The Coca-Cola in a research note on Friday, February 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a research note on Monday, April 23rd. Finally, Credit Suisse Group reiterated a “buy” rating on shares of The Coca-Cola in a research note on Tuesday, February 13th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The Coca-Cola currently has an average rating of “Buy” and a consensus target price of $49.39.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based 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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