Osterweis Capital Management Inc. lowered its position in shares of The Coca-Cola Co (NYSE:KO) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,901 shares of the company’s stock after selling 344 shares during the period. Osterweis Capital Management Inc.’s holdings in The Coca-Cola were worth $701,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC raised its position in The Coca-Cola by 6.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,377 shares of the company’s stock valued at $101,000 after buying an additional 150 shares during the period. Welch Investments LLC acquired a new position in The Coca-Cola during the fourth quarter valued at about $115,000. Lowe fs LLC raised its position in The Coca-Cola by 28.2% in the third quarter. Lowe fs LLC now owns 2,731 shares of the company’s stock valued at $116,000 after buying an additional 600 shares during the period. Barnett & Company Inc. raised its position in The Coca-Cola by 27.7% in the third quarter. Barnett & Company Inc. now owns 2,837 shares of the company’s stock valued at $120,000 after buying an additional 616 shares during the period. Finally, Cascade Investment Advisors Inc. acquired a new position in The Coca-Cola during the fourth quarter valued at about $128,000. Institutional investors and hedge funds own 63.88% of the company’s stock.
Shares of The Coca-Cola Co (NYSE:KO) opened at 42.12 on Monday. The Coca-Cola Co has a 52 week low of $39.88 and a 52 week high of $47.13. The firm’s 50 day moving average is $41.78 and its 200-day moving average is $41.76. The firm has a market cap of $180.84 billion, a price-to-earnings 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, hitting the Zacks’ consensus estimate of $0.37. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The Coca-Cola’s quarterly revenue was down 5.9% on a year-over-year basis. Equities research analysts predict that The Coca-Cola Co will post $1.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be issued a $0.37 dividend. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, March 13th. The Coca-Cola’s dividend payout ratio is currently 93.33%.
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Several research analysts have issued reports on the stock. Susquehanna Bancshares Inc set a $38.00 price target on shares of The Coca-Cola and gave the stock a “hold” rating in a research report on Saturday. BMO Capital Markets restated a “buy” rating and issued a $45.00 price target on shares of The Coca-Cola in a research report on Wednesday, March 22nd. JPMorgan Chase & Co. assumed coverage on shares of The Coca-Cola in a research report on Tuesday, March 21st. They issued a “neutral” rating and a $43.00 price target on the stock. Jefferies Group LLC set a $42.00 price target on shares of The Coca-Cola and gave the stock a “hold” rating in a research report on Tuesday, March 14th. Finally, Barclays PLC set a $43.00 price target on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Monday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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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