SeaCrest Wealth Management LLC lifted its stake in The Coca-Cola Company (NYSE:KO) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 40,706 shares of the company’s stock after acquiring an additional 1,683 shares during the period. SeaCrest Wealth Management LLC’s holdings in The Coca-Cola were worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in The Coca-Cola by 16.3% in the 4th quarter. FMR LLC now owns 56,240,715 shares of the company’s stock worth $3,084,241,000 after buying an additional 7,887,519 shares during the period. BlackRock Inc. boosted its holdings in The Coca-Cola by 1.1% in the 3rd quarter. BlackRock Inc. now owns 301,442,831 shares of the company’s stock worth $14,882,230,000 after buying an additional 3,404,545 shares during the period. M&G Investment Management Ltd. boosted its holdings in The Coca-Cola by 181.0% in the 4th quarter. M&G Investment Management Ltd. now owns 3,233,877 shares of the company’s stock worth $177,863,000 after buying an additional 2,083,215 shares during the period. Assenagon Asset Management S.A. boosted its holdings in The Coca-Cola by 1,148.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,171,336 shares of the company’s stock worth $119,076,000 after buying an additional 1,997,361 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in The Coca-Cola by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 35,887,212 shares of the company’s stock worth $1,771,752,000 after buying an additional 1,552,809 shares during the period. Hedge funds and other institutional investors own 65.99% of the company’s stock.
Several brokerages recently weighed in on KO. Sanford C. Bernstein assumed coverage on shares of The Coca-Cola in a report on Tuesday, January 19th. They issued an “outperform” rating and a $58.00 target price for the company. JPMorgan Chase & Co. downgraded shares of The Coca-Cola from an “overweight” rating to a “neutral” rating and set a $55.00 price objective for the company. in a report on Thursday, January 7th. Deutsche Bank Aktiengesellschaft downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating and dropped their price objective for the company from $57.00 to $55.00 in a report on Tuesday, January 5th. Morgan Stanley dropped their price objective on shares of The Coca-Cola from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, January 14th. Finally, HSBC dropped their price objective on shares of The Coca-Cola from $61.00 to $58.00 in a report on Wednesday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $53.76.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 9th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.05. The company had revenue of $8.60 billion for 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 firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. Equities research analysts predict that The Coca-Cola Company will post 1.88 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Monday, March 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is 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 dividend yield of 3.32%. The Coca-Cola’s dividend payout ratio (DPR) is 77.73%.
About The Coca-Cola
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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