Coca-Cola Co. (KO) Shares Sold by John G Ullman & Associates Inc.
John G Ullman & Associates Inc. decreased its position in Coca-Cola Co. (NYSE:KO) by 12.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 33,524 shares of the company’s stock after selling 4,832 shares during the period. John G Ullman & Associates Inc.’s holdings in Coca-Cola were worth $1,520,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Country Trust Bank boosted its stake in Coca-Cola by 25.0% in the second quarter. Country Trust Bank now owns 2,500 shares of the company’s stock worth $113,000 after buying an additional 500 shares in the last quarter. Smith Affiliated Capital Corp. boosted its stake in Coca-Cola by 147.2% in the second quarter. Smith Affiliated Capital Corp. now owns 3,023 shares of the company’s stock worth $137,000 after buying an additional 1,800 shares in the last quarter. Barnett & Company Inc. bought a new stake in Coca-Cola during the first quarter worth about $149,000. Arcadia Investment Management Corp MI boosted its stake in Coca-Cola by 1.5% in the second quarter. Arcadia Investment Management Corp MI now owns 3,469 shares of the company’s stock worth $157,000 after buying an additional 52 shares in the last quarter. Finally, Cribstone Capital Management LLC bought a new stake in Coca-Cola during the second quarter worth about $161,000. Institutional investors own 64.33% of the company’s stock.
Shares of Coca-Cola Co. (NYSE:KO) traded down 0.05% on Thursday, hitting $41.76. 17,655,643 shares of the stock were exchanged. The company has a 50 day moving average of $42.61 and a 200 day moving average of $44.40. The company has a market cap of $180.24 billion, a price-to-earnings ratio of 24.03 and a beta of 0.59. Coca-Cola Co. has a 52-week low of $40.75 and a 52-week high of $47.13.
Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $11.50 billion for the quarter, compared to the consensus estimate of $11.69 billion. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. Coca-Cola’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.63 earnings per share. Equities research analysts forecast that Coca-Cola Co. will post $1.91 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, September 13th. Coca-Cola’s dividend payout ratio is currently 80.46%.
A number of research firms have recently issued reports on KO. Credit Suisse Group AG began coverage on shares of Coca-Cola in a research note on Thursday, September 15th. They set a “neutral” rating and a $44.00 target price for the company. Vetr cut shares of Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 target price for the company. in a research note on Thursday, September 15th. Stifel Nicolaus cut shares of Coca-Cola from a “buy” rating to a “hold” rating and cut their target price for the stock from $50.00 to $45.00 in a research note on Thursday, September 29th. Societe Generale set a $44.00 price objective on shares of Coca-Cola and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Jefferies Group reiterated a “hold” rating on shares of Coca-Cola in a research note on Thursday, August 25th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Coca-Cola presently has a consensus rating of “Hold” and a consensus price target of $46.60.
Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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