Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in The Coca-Cola Co (NYSE:KO) by 4,410.7% during the fourth quarter, Holdings Channel reports. The firm owned 153,769 shares of the company’s stock after buying an additional 150,360 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in The Coca-Cola were worth $154,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in The Coca-Cola by 7.1% in the third quarter. Gradient Investments LLC now owns 254,515 shares of the company’s stock worth $10,771,000 after buying an additional 16,807 shares during the period. Canal Capital Management LLC increased its stake in The Coca-Cola by 9.4% in the third quarter. Canal Capital Management LLC now owns 5,143 shares of the company’s stock worth $218,000 after buying an additional 441 shares during the period. LGT Capital Partners LTD. increased its stake in The Coca-Cola by 4.6% in the third quarter. LGT Capital Partners LTD. now owns 194,850 shares of the company’s stock worth $8,246,000 after buying an additional 8,490 shares during the period. City Holding Co. increased its stake in The Coca-Cola by 3.4% in the third quarter. City Holding Co. now owns 157,136 shares of the company’s stock worth $6,648,000 after buying an additional 5,207 shares during the period. Finally, Hills Bank & Trust Co. purchased a new stake in The Coca-Cola during the third quarter worth approximately $277,000. 63.88% of the stock is owned by hedge funds and other institutional investors.
Shares of The Coca-Cola Co (NYSE:KO) opened at 42.12 on Monday. The stock has a 50 day moving average price of $41.78 and a 200-day moving average price of $41.76. The Coca-Cola Co has a 52-week low of $39.88 and a 52-week high of $47.13. The stock has a market capitalization of $180.84 billion, a PE ratio of 28.27 and a beta of 0.69.
The Coca-Cola (NYSE:KO) last announced its earnings results on Thursday, February 9th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The firm earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.21 billion. The Coca-Cola had a return on equity of 32.94% and a net margin of 15.59%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, equities research analysts anticipate that The Coca-Cola Co will post $1.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be given a $0.37 dividend. The ex-dividend date is Monday, March 13th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.51%. The Coca-Cola’s dividend payout ratio is 93.33%.
A number of research firms recently commented on KO. BMO Capital Markets reaffirmed a “buy” rating and set a $45.00 target price on shares of The Coca-Cola in a report on Wednesday, March 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of The Coca-Cola in a report on Friday, March 3rd. Barclays PLC set a $43.00 target price on The Coca-Cola and gave the stock a “neutral” rating in a report on Monday, March 13th. JPMorgan Chase & Co. began coverage on The Coca-Cola in a report on Tuesday, March 21st. They set a “neutral” rating and a $43.00 target price for the company. Finally, Susquehanna Bancshares Inc set a $38.00 target price on The Coca-Cola and gave the stock a “hold” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.54.
About The Coca-Cola
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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