Vicus Capital Acquires 1,563 Shares of The Coca-Cola Co (KO)
Vicus Capital grew its holdings in The Coca-Cola Co (NYSE:KO) by 28.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,013 shares of the company’s stock after buying an additional 1,563 shares during the period. Vicus Capital’s holdings in The Coca-Cola were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Swiss National Bank increased its holdings in The Coca-Cola by 3.0% in the 2nd quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after acquiring an additional 470,700 shares during the last quarter. Amalgamated Bank increased its holdings in The Coca-Cola by 54.8% in the 2nd quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock valued at $20,118,000 after acquiring an additional 158,741 shares during the last quarter. Flippin Bruce & Porter Inc. increased its holdings in The Coca-Cola by 1.8% in the 2nd quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock valued at $4,397,000 after acquiring an additional 1,705 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in The Coca-Cola by 69.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock valued at $405,847,000 after acquiring an additional 3,700,700 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in The Coca-Cola by 5.4% in the 3rd quarter. Calamos Advisors LLC now owns 1,660,216 shares of the company’s stock valued at $74,726,000 after acquiring an additional 84,539 shares during the last quarter. Hedge funds and other institutional investors own 65.13% of the company’s stock.
In related news, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at approximately $1,183,070.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total transaction of $4,009,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,640 shares of company stock valued at $5,800,776. 1.51% of the stock is owned by corporate insiders.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The firm had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same period in the previous year, the company earned $0.37 EPS. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. analysts predict that The Coca-Cola Co will post 2.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, March 14th. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.57%. The Coca-Cola’s payout ratio is currently 548.15%.
A number of brokerages have issued reports on KO. BMO Capital Markets reiterated a “market perform” rating and issued a $48.00 price target (up from $47.00) on shares of The Coca-Cola in a report on Friday, February 16th. Goldman Sachs Group set a $45.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price target on shares of The Coca-Cola and gave the company a “hold” rating in a report on Wednesday, December 20th. Jefferies Group reiterated a “neutral” rating and issued a $49.00 price target on shares of The Coca-Cola in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. set a $49.00 price target on shares of The Coca-Cola and gave the company a “neutral” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $49.21.
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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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