Gamco Investors INC. ET AL lowered its stake in The Coca-Cola Co (NYSE:KO) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,089,311 shares of the company’s stock after selling 35,680 shares during the period. Gamco Investors INC. ET AL’s holdings in The Coca-Cola were worth $45,163,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of KO. Blue Bell Private Wealth Management LLC raised its stake 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 in the last quarter. Welch Investments LLC purchased a new stake in The Coca-Cola during the fourth quarter valued at approximately $115,000. Lowe fs LLC raised its stake 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 in the last quarter. Barnett & Company Inc. raised its stake 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 in the last quarter. Finally, Cascade Investment Advisors Inc. purchased a new stake in The Coca-Cola during the fourth quarter valued at approximately $128,000. 63.88% of the stock is owned by hedge funds and other institutional investors.
The Coca-Cola Co (NYSE:KO) opened at 42.18 on Tuesday. The Coca-Cola Co has a 1-year low of $39.88 and a 1-year high of $47.13. The stock has a 50 day moving average of $41.66 and a 200 day moving average of $41.79. The stock has a market capitalization of $181.10 billion, a P/E ratio of 28.31 and a beta of 0.69.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.37. The company earned $9.40 billion during the quarter, compared to the consensus estimate of $9.21 billion. The Coca-Cola had a net margin of 15.59% and a return on equity of 32.94%. The Coca-Cola’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, analysts expect that The Coca-Cola Co will post $1.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.51%. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.35. The Coca-Cola’s dividend payout ratio is presently 93.33%.
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Several research firms recently commented on KO. Vetr lowered shares of The Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $45.34 price target on the stock. in a research report on Wednesday, December 7th. Jefferies Group LLC set a $43.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Tuesday, December 27th. Barclays PLC set a $40.00 price target on shares of The Coca-Cola and gave the company a “hold” rating in a research report on Friday, February 10th. Credit Suisse Group AG set a $43.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Tuesday, January 10th. Finally, Goldman Sachs Group Inc restated a “sell” rating and set a $39.00 price target on shares of The Coca-Cola in a research report on Monday, January 9th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and a consensus target price of $43.85.
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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