First National Bank of Mount Dora Trust Investment Services Trims Stake in The Coca-Cola Co (KO)
First National Bank of Mount Dora Trust Investment Services trimmed its position in shares of The Coca-Cola Co (NYSE:KO) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,740 shares of the company’s stock after selling 7,459 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in The Coca-Cola were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in The Coca-Cola by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after purchasing an additional 4,818,963 shares during the last quarter. BlackRock Inc. lifted its holdings in The Coca-Cola by 0.3% in the 2nd quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after purchasing an additional 750,257 shares during the last quarter. Capital World Investors lifted its holdings in The Coca-Cola by 8.9% in the 2nd quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after purchasing an additional 11,593,679 shares during the last quarter. Northern Trust Corp lifted its holdings in The Coca-Cola by 4.5% in the 2nd quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after purchasing an additional 2,167,225 shares during the last quarter. Finally, Capital International Investors lifted its holdings in The Coca-Cola by 1.0% in the 2nd quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock worth $1,699,722,000 after purchasing an additional 383,733 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.
Shares of The Coca-Cola Co (KO) traded up $0.16 during trading hours on Monday, reaching $46.19. The company’s stock had a trading volume of 21,181,600 shares, compared to its average volume of 11,531,985. The Coca-Cola Co has a 52-week low of $40.22 and a 52-week high of $47.48. The company has a market capitalization of $196,778.91, a PE ratio of 24.44, a price-to-earnings-growth ratio of 3.95 and a beta of 0.70. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.47.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. equities research analysts forecast that The Coca-Cola Co will post 1.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, November 30th. The Coca-Cola’s dividend payout ratio (DPR) is 140.95%.
A number of brokerages have recently commented on KO. Macquarie began coverage on The Coca-Cola in a report on Friday, September 15th. They set a “neutral” rating and a $47.00 price target for the company. Jefferies Group reiterated a “hold” rating and set a $47.00 price target on shares of The Coca-Cola in a report on Thursday, September 7th. Morgan Stanley set a $48.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, October 26th. Goldman Sachs Group set a $45.00 price target on The Coca-Cola and gave the stock a “sell” rating in a report on Thursday, October 26th. Finally, Susquehanna Bancshares set a $41.00 price target on The Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The Coca-Cola currently has an average rating of “Hold” and an average price target of $48.01.
In other The Coca-Cola news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the sale, the insider now directly owns 320,013 shares in the company, valued at $14,749,399.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.51% of the company’s stock.
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The Coca-Cola Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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