Woodstock Corp increased its holdings in The Coca-Cola Company (NYSE:KO) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,545 shares of the company’s stock after purchasing an additional 311 shares during the quarter. Woodstock Corp’s holdings in The Coca-Cola were worth $3,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of KO. Curbstone Financial Management Corp boosted its position in The Coca-Cola by 4.4% during the 1st quarter. Curbstone Financial Management Corp now owns 28,450 shares of the company’s stock valued at $1,500,000 after acquiring an additional 1,200 shares in the last quarter. First Financial Bank Trust Division boosted its position in The Coca-Cola by 31.3% during the 1st quarter. First Financial Bank Trust Division now owns 20,886 shares of the company’s stock valued at $1,100,000 after acquiring an additional 4,975 shares in the last quarter. SWS Partners boosted its position in The Coca-Cola by 5.8% during the 4th quarter. SWS Partners now owns 24,871 shares of the company’s stock valued at $1,364,000 after acquiring an additional 1,368 shares in the last quarter. Bard Financial Services Inc. bought a new stake in The Coca-Cola during the 4th quarter valued at approximately $9,118,000. Finally, Legacy Wealth Asset Management LLC bought a new stake in The Coca-Cola during the 4th quarter valued at approximately $911,000. 65.99% of the stock is currently owned by institutional investors.
In other news, VP Kathy Loveless sold 501 shares of the business’s stock in a transaction on Friday, March 19th. The shares were sold at an average price of $50.46, for a total transaction of $25,280.46. Following the completion of the sale, the vice president now owns 10,224 shares of the company’s stock, valued at approximately $515,903.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alfredo Rivera sold 20,000 shares of the business’s stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $51.15, for a total transaction of $1,023,000.00. Following the sale, the insider now directly owns 62,000 shares of the company’s stock, valued at approximately $3,171,300. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,501 shares of company stock valued at $4,246,280. Company insiders own 1.01% of the company’s stock.
The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, February 9th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.62 billion. The Coca-Cola had a net margin of 24.90% and a return on equity of 41.37%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. As a group, equities research analysts expect that The Coca-Cola Company will post 1.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Monday, March 15th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, March 12th. This is a positive change from The Coca-Cola’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.15%. The Coca-Cola’s payout ratio is currently 79.62%.
Several analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on The Coca-Cola in a research report on Tuesday, January 19th. They set an “outperform” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. cut The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research report on Thursday, January 7th. Morgan Stanley dropped their price target on The Coca-Cola from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, January 14th. Royal Bank of Canada raised The Coca-Cola from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $60.00 in a research report on Monday, March 15th. Finally, HSBC dropped their price target on The Coca-Cola from $61.00 to $58.00 in a research report on Wednesday, January 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $54.86.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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