Lcnb Corp decreased its holdings in The Coca-Cola Co (NYSE:KO) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,582 shares of the company’s stock after selling 304 shares during the quarter. Lcnb Corp’s holdings in The Coca-Cola were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in KO. Van ECK Associates Corp grew its stake in shares of The Coca-Cola by 14.8% during the 4th quarter. Van ECK Associates Corp now owns 98,108 shares of the company’s stock valued at $4,645,000 after purchasing an additional 12,660 shares during the period. Northeast Investment Management grew its stake in shares of The Coca-Cola by 4.4% during the 4th quarter. Northeast Investment Management now owns 42,961 shares of the company’s stock valued at $2,034,000 after purchasing an additional 1,818 shares during the period. Berman Capital Advisors LLC grew its stake in shares of The Coca-Cola by 40.4% during the 4th quarter. Berman Capital Advisors LLC now owns 13,429 shares of the company’s stock valued at $635,000 after purchasing an additional 3,865 shares during the period. GSA Capital Partners LLP bought a new stake in shares of The Coca-Cola during the 4th quarter valued at about $234,000. Finally, CX Institutional bought a new stake in shares of The Coca-Cola during the 4th quarter valued at about $928,000. 67.72% of the stock is owned by institutional investors.
A number of research firms have issued reports on KO. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Friday, April 26th. Morgan Stanley upgraded The Coca-Cola from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $55.00 in a research note on Tuesday, May 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $51.00 price objective on shares of The Coca-Cola in a research report on Thursday, February 14th. Deutsche Bank lifted their price objective on The Coca-Cola from $53.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, UBS Group reaffirmed a “neutral” rating and set a $50.00 price objective on shares of The Coca-Cola in a research report on Friday, February 15th. Fourteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $51.20.
NYSE:KO traded down $0.24 during trading hours on Friday, reaching $49.61. The stock had a trading volume of 5,617,049 shares, compared to its average volume of 11,838,508. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91. The Coca-Cola Co has a 52 week low of $41.93 and a 52 week high of $50.84. The company has a market cap of $207.32 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 3.27 and a beta of 0.53.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The business had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. As a group, analysts anticipate that The Coca-Cola Co will post 2.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 13th. The Coca-Cola’s payout ratio is 76.92%.
In other news, SVP Nancy Quan sold 23,320 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $47.95, for a total transaction of $1,118,194.00. Following the transaction, the senior vice president now owns 165,049 shares of the company’s stock, valued at approximately $7,914,099.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 14,094 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $49.50, for a total value of $697,653.00. Following the transaction, the senior vice president now directly owns 108,551 shares in the company, valued at approximately $5,373,274.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,840 shares of company stock worth $3,257,201. Corporate insiders own 1.33% of the company’s stock.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantbased beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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