Azimuth Capital Management LLC increased its position in The Coca-Cola Co (NYSE:KO) by 0.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 90,100 shares of the company’s stock after buying an additional 50 shares during the period. Azimuth Capital Management LLC’s holdings in The Coca-Cola were worth $3,736,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. raised its stake in The Coca-Cola by 18.7% in the second quarter. Macquarie Group Ltd. now owns 227,623 shares of the company’s stock worth $10,319,000 after buying an additional 35,860 shares during the period. Independence Advisors LLC acquired a new stake in The Coca-Cola during the third quarter worth $440,000. Lawson Kroeker Investment Management Inc. NE raised its stake in The Coca-Cola by 8.9% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 23,860 shares of the company’s stock worth $1,010,000 after buying an additional 1,950 shares during the period. Advisory Services Network LLC raised its stake in The Coca-Cola by 5.5% in the third quarter. Advisory Services Network LLC now owns 33,159 shares of the company’s stock worth $1,403,000 after buying an additional 1,727 shares during the period. Finally, Ronna Sue Cohen raised its stake in The Coca-Cola by 1.3% in the third quarter. Ronna Sue Cohen now owns 45,302 shares of the company’s stock worth $1,917,000 after buying an additional 590 shares during the period. Hedge funds and other institutional investors own 63.88% of the company’s stock.
The Coca-Cola Co (NYSE:KO) opened at 42.32 on Tuesday. The Coca-Cola Co has a 12 month low of $39.88 and a 12 month high of $47.13. The company has a 50 day moving average of $41.80 and a 200 day moving average of $41.72. The stock has a market capitalization of $181.70 billion, a price-to-earnings ratio of 28.40 and a beta of 0.69.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The firm earned $9.40 billion during the quarter, compared to the consensus estimate of $9.21 billion. The Coca-Cola had a return on equity of 32.94% and a net margin of 15.59%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. On average, equities analysts predict that The Coca-Cola Co will post $1.86 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be given a $0.37 dividend. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 3.50%. The ex-dividend date is Monday, March 13th. The Coca-Cola’s payout ratio is currently 93.33%.
A number of analysts recently weighed in on KO shares. Sanford C. Bernstein set a $48.00 price objective on shares of The Coca-Cola and gave the stock a “buy” rating in a research note on Friday, January 6th. Morningstar, Inc. reaffirmed a “buy” rating on shares of The Coca-Cola in a research note on Friday, December 9th. Vetr lowered shares of The Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $45.34 price objective for the company. in a research note on Wednesday, December 7th. BMO Capital Markets reaffirmed a “buy” rating and issued a $45.00 price objective on shares of The Coca-Cola in a research note on Wednesday, March 22nd. Finally, Morgan Stanley lowered shares of The Coca-Cola from an “overweight” rating to an “equal weight” rating in a research note on Friday, December 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus 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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