Piscataqua Savings Bank lessened its stake in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 4.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,068 shares of the company’s stock after selling 226 shares during the period. Piscataqua Savings Bank’s holdings in Coca-Cola were worth $319,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of KO. Nauset Wealth Management. LLC bought a new position in shares of Coca-Cola in the first quarter worth about $27,000. Delos Wealth Advisors LLC boosted its stake in shares of Coca-Cola by 4,770.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares during the period. Carl Stuart Investment Advisor Inc. bought a new position in shares of Coca-Cola in the first quarter worth about $34,000. Hillsdale Investment Management Inc. bought a new position in shares of Coca-Cola in the first quarter worth about $35,000. Finally, Rational Advisors LLC bought a new position in shares of Coca-Cola in the first quarter worth about $37,000. Institutional investors own 68.93% of the company’s stock.
Analyst Upgrades and Downgrades
KO has been the topic of a number of research analyst reports. UBS Group boosted their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Credit Suisse Group set a $68.00 target price on Coca-Cola in a research report on Wednesday, July 20th. JPMorgan Chase & Co. set a $70.00 target price on Coca-Cola in a research report on Tuesday, July 26th. HSBC boosted their target price on Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Finally, Royal Bank of Canada set a $69.00 target price on Coca-Cola in a research report on Tuesday, July 26th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and an average price target of $69.59.
Coca-Cola Stock Up 0.0 %
Coca-Cola (NYSE:KO – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Coca-Cola had a return on equity of 42.13% and a net margin of 23.16%. Coca-Cola’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Sell-side analysts predict that The Coca-Cola Company will post 2.46 EPS for the current year.
Coca-Cola Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 16th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a yield of 2.96%. Coca-Cola’s dividend payout ratio (DPR) is presently 79.64%.
Insider Buying and Selling at Coca-Cola
In other Coca-Cola news, Director Carolyn Everson acquired 983 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the acquisition, the director now owns 1,500 shares in the company, valued at approximately $93,435. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Carolyn Everson bought 983 shares of Coca-Cola stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average price of $62.29 per share, for a total transaction of $61,231.07. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $93,435. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Quincey sold 32,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $64.09, for a total value of $2,050,880.00. Following the completion of the transaction, the chief executive officer now owns 351,737 shares of the company’s stock, valued at approximately $22,542,824.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,830 shares of company stock valued at $2,939,961. 0.98% of the stock is currently owned by corporate insiders.
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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