Vicus Capital Acquires 637 Shares of The Coca-Cola Co (KO)

Vicus Capital grew its stake in shares of The Coca-Cola Co (NYSE:KO) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,707 shares of the company’s stock after acquiring an additional 637 shares during the period. Vicus Capital’s holdings in The Coca-Cola were worth $507,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Reynders McVeigh Capital Management LLC lifted its stake in The Coca-Cola by 0.9% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock worth $1,061,000 after purchasing an additional 213 shares in the last quarter. Cordasco Financial Network lifted its stake in The Coca-Cola by 26.1% in the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock worth $49,000 after purchasing an additional 214 shares in the last quarter. Windsor Group LTD lifted its stake in The Coca-Cola by 1.7% in the 4th quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock worth $647,000 after purchasing an additional 222 shares in the last quarter. United Capital Management of KS Inc. lifted its stake in The Coca-Cola by 2.3% in the 4th quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock worth $474,000 after purchasing an additional 229 shares in the last quarter. Finally, We Are One Seven LLC raised its position in shares of The Coca-Cola by 3.2% during the 4th quarter. We Are One Seven LLC now owns 7,648 shares of the company’s stock valued at $361,000 after buying an additional 240 shares in the last quarter. 67.82% of the stock is owned by hedge funds and other institutional investors.

KO has been the topic of several research reports. Goldman Sachs Group restated a “neutral” rating and set a $47.00 price objective on shares of The Coca-Cola in a research report on Thursday, February 14th. Zacks Investment Research cut shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Royal Bank of Canada restated a “buy” rating and set a $56.00 price objective on shares of The Coca-Cola in a research report on Wednesday, February 13th. Citigroup cut shares of The Coca-Cola from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $56.00 to $50.00 in a research report on Thursday, February 14th. Finally, ValuEngine cut shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. The Coca-Cola has a consensus rating of “Hold” and a consensus target price of $50.60.

In other The Coca-Cola news, insider Beatriz R. Perez sold 21,742 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $48.76, for a total value of $1,060,139.92. Following the sale, the insider now owns 92,645 shares of the company’s stock, valued at approximately $4,517,370.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $48.50, for a total transaction of $485,000.00. Following the completion of the sale, the senior vice president now directly owns 92,645 shares in the company, valued at approximately $4,493,282.50. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

Shares of KO stock traded up $0.26 on Monday, hitting $47.00. 9,859,440 shares of the company’s stock traded hands, compared to its average volume of 15,917,703. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.95 and a current ratio of 1.05. The Coca-Cola Co has a one year low of $41.45 and a one year high of $50.84. The firm has a market cap of $199.26 billion, a P/E ratio of 22.60, a P/E/G ratio of 3.14 and a beta of 0.52.

The Coca-Cola (NYSE:KO) last released its earnings results on Thursday, February 14th. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, analysts forecast that The Coca-Cola Co will post 2.09 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.39. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.

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About The Coca-Cola

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 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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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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