Compton Capital Management Inc. RI Has $1,131,000 Position in Coca-Cola Co. (KO)
Compton Capital Management Inc. RI decreased its position in shares of Coca-Cola Co. (NYSE:KO) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 24,942 shares of the company’s stock after selling 350 shares during the period. Compton Capital Management Inc. RI’s holdings in Coca-Cola were worth $1,131,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of KO. New England Private Wealth Advisors LLC increased its position in Coca-Cola by 0.5% in the second quarter. New England Private Wealth Advisors LLC now owns 5,358 shares of the company’s stock worth $242,000 after buying an additional 25 shares during the period. RFG Advisory Group LLC increased its position in Coca-Cola by 0.7% in the second quarter. RFG Advisory Group LLC now owns 4,709 shares of the company’s stock worth $213,000 after buying an additional 32 shares during the period. Confluence Wealth Management LLC increased its position in Coca-Cola by 0.7% in the second quarter. Confluence Wealth Management LLC now owns 4,446 shares of the company’s stock worth $202,000 after buying an additional 33 shares during the period. Verus Financial Partners Inc. increased its position in Coca-Cola by 0.5% in the second quarter. Verus Financial Partners Inc. now owns 7,759 shares of the company’s stock worth $352,000 after buying an additional 41 shares during the period. Finally, Arcadia Investment Management Corp MI increased its position 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 during the period. 64.33% of the stock is owned by institutional investors.
Shares of Coca-Cola Co. (NYSE:KO) traded down 0.45% on Thursday, hitting $41.59. The company’s stock had a trading volume of 4,833,753 shares. Coca-Cola Co. has a one year low of $40.75 and a one year high of $47.13. The firm has a market cap of $179.50 billion, a price-to-earnings ratio of 23.93 and a beta of 0.59. The stock has a 50-day moving average price of $42.61 and a 200 day moving average price of $44.40.
Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $11.50 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.63 EPS. Equities research analysts predict that Coca-Cola Co. will post $1.91 EPS for the current year.
The business also recently declared 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 was Tuesday, September 13th. Coca-Cola’s dividend payout ratio is presently 80.46%.
A number of equities analysts have recently issued reports on KO shares. Citigroup Inc. restated a “buy” rating and issued a $50.00 price target on shares of Coca-Cola in a research note on Monday, September 19th. Zacks Investment Research upgraded Coca-Cola from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Susquehanna restated a “hold” rating on shares of Coca-Cola in a research note on Monday, August 22nd. Jefferies Group restated a “hold” rating on shares of Coca-Cola in a research note on Thursday, August 25th. Finally, Stifel Nicolaus downgraded Coca-Cola from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $45.00 in a research note on Thursday, September 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Coca-Cola presently has a consensus rating of “Hold” and an average target price of $46.60.
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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