Arthur M. Cohen & Associates LLC Takes Position in The Coca-Cola Co (KO)
Arthur M. Cohen & Associates LLC acquired a new position in shares of The Coca-Cola Co (NYSE:KO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,367 shares of the company’s stock, valued at approximately $1,026,000.
A number of other large investors have also bought and sold shares of KO. Veritas Investment Management LLP bought a new position in shares of The Coca-Cola in the third quarter worth approximately $135,000. Spectrum Management Group Inc. bought a new position in shares of The Coca-Cola in the third quarter worth approximately $137,000. Legacy Advisors LLC bought a new position in shares of The Coca-Cola in the third quarter worth approximately $139,000. Almanack Investment Partners LLC. bought a new position in shares of The Coca-Cola in the second quarter worth approximately $142,000. Finally, Shine Investment Advisory Services Inc. lifted its stake in shares of The Coca-Cola by 102.2% in the third quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after buying an additional 1,610 shares in the last quarter. 65.13% of the stock is currently owned by institutional investors and hedge funds.
KO has been the topic of several analyst reports. Evercore ISI upgraded shares of The Coca-Cola from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $46.04 to $55.00 in a research note on Friday, January 12th. Royal Bank of Canada set a $56.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a report on Tuesday, January 2nd. Wells Fargo & Co raised shares of The Coca-Cola from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Deutsche Bank started coverage on shares of The Coca-Cola in a report on Wednesday, December 13th. They set a “buy” rating and a $52.00 price objective for the company. Finally, Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective for the company in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The Coca-Cola presently has an average rating of “Hold” and an average price target of $49.21.
Shares of The Coca-Cola Co (NYSE:KO) opened at $43.72 on Monday. The Coca-Cola Co has a twelve month low of $41.74 and a twelve month high of $48.62. The company has a market cap of $186,280.00, a P/E ratio of 39.75, a price-to-earnings-growth ratio of 2.70 and a beta of 0.77. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64.
The Coca-Cola (NYSE:KO) last announced its earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $7.51 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was down 20.2% on a year-over-year basis. equities research analysts predict that The Coca-Cola Co will post 2.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.39 per share. 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 yield of 3.57%. The ex-dividend date of this dividend is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio is currently 134.55%.
About The Coca-Cola
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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