MML Investors Services LLC trimmed its position in The Coca-Cola Co (NYSE:KO) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,977 shares of the company’s stock after selling 2,178 shares during the quarter. MML Investors Services LLC’s holdings in The Coca-Cola were worth $17,187,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of KO. Mraz Amerine & Associates Inc. increased its position in The Coca-Cola by 0.4% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 47,568 shares of the company’s stock valued at $2,252,000 after buying an additional 208 shares in the last quarter. Reynders McVeigh Capital Management LLC increased its position in The Coca-Cola by 0.9% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 22,977 shares of the company’s stock valued at $1,061,000 after buying an additional 213 shares in the last quarter. Cordasco Financial Network increased its position in The Coca-Cola by 26.1% during the 4th quarter. Cordasco Financial Network now owns 1,034 shares of the company’s stock valued at $49,000 after buying an additional 214 shares in the last quarter. Windsor Group LTD increased its position in The Coca-Cola by 1.7% during the 4th quarter. Windsor Group LTD now owns 13,672 shares of the company’s stock valued at $647,000 after buying an additional 222 shares in the last quarter. Finally, United Capital Management of KS Inc. increased its position in The Coca-Cola by 2.3% during the 4th quarter. United Capital Management of KS Inc. now owns 10,020 shares of the company’s stock valued at $474,000 after buying an additional 229 shares in the last quarter. Institutional investors and hedge funds own 67.83% of the company’s stock.
In other news, insider Beatriz R. Perez sold 21,742 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was 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 in the company, valued at $4,517,370.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the completion of the sale, the senior vice president now 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 corporate insiders.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The Coca-Cola had a return on equity of 43.91% and a net margin of 20.20%. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $7.89 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Research analysts anticipate that The Coca-Cola Co will post 2.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.40 dividend. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.32%. The Coca-Cola’s dividend payout ratio is presently 76.92%.
Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $56.00 target price on shares of The Coca-Cola in a research report on Wednesday, February 13th. JPMorgan Chase & Co. set a $47.00 target price on The Coca-Cola and gave the company a “neutral” rating in a research report on Tuesday. Deutsche Bank reaffirmed a “buy” rating and set a $53.00 target price on shares of The Coca-Cola in a research report on Thursday, April 18th. Zacks Investment Research raised The Coca-Cola from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Wells Fargo & Co upped their target price on The Coca-Cola from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.40.
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The Coca-Cola 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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