SeaTown Holdings Pte. Ltd. lifted its holdings in The Coca-Cola Co (NYSE:KO) by 251.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,581 shares of the company’s stock after acquiring an additional 276,581 shares during the quarter. The Coca-Cola makes up approximately 3.6% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its 9th largest holding. SeaTown Holdings Pte. Ltd.’s holdings in The Coca-Cola were worth $19,685,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in KO. Prime Capital Investment Advisors LLC bought a new stake in shares of The Coca-Cola in the 1st quarter valued at $28,000. Orrstown Financial Services Inc. increased its position in shares of The Coca-Cola by 230.8% in the 1st quarter. Orrstown Financial Services Inc. now owns 741 shares of the company’s stock valued at $35,000 after buying an additional 517 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of The Coca-Cola in the 1st quarter valued at $35,000. Canton Hathaway LLC increased its position in shares of The Coca-Cola by 83.5% in the 2nd quarter. Canton Hathaway LLC now owns 945 shares of the company’s stock valued at $48,000 after buying an additional 430 shares in the last quarter. Finally, PRW Wealth Management LLC bought a new stake in shares of The Coca-Cola in the 4th quarter valued at $50,000. 66.69% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Bernhard Goepelt sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $48.96, for a total transaction of $636,480.00. Following the transaction, the vice president now directly owns 151,504 shares of the company’s stock, valued at $7,417,635.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer K. Mann sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $51.88, for a total transaction of $466,920.00. Following the transaction, the insider now directly owns 41,049 shares in the company, valued at $2,129,622.12. The disclosure for this sale can be found here. Insiders have sold 345,855 shares of company stock valued at $17,516,258 over the last 90 days. Company insiders own 1.33% of the company’s stock.
NYSE:KO traded up $0.22 during mid-day trading on Tuesday, hitting $53.42. The stock had a trading volume of 753,153 shares, compared to its average volume of 14,153,410. The Coca-Cola Co has a twelve month low of $44.25 and a twelve month high of $54.82. The firm has a market cap of $228.43 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 3.71 and a beta of 0.48. The stock has a 50 day simple moving average of $52.37. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83.
The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.86 billion. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. Equities analysts anticipate that The Coca-Cola Co will post 2.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.60 annualized dividend and a yield of 3.00%. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.
The Coca-Cola Company 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 plant–based 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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