Staley Capital Advisers Inc. lowered its position in The Coca-Cola Company (NYSE:KO) by 37.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,942 shares of the company’s stock after selling 22,564 shares during the period. Staley Capital Advisers Inc.’s holdings in The Coca-Cola were worth $1,741,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. King Luther Capital Management Corp increased its stake in shares of The Coca-Cola by 1.7% in the fourth quarter. King Luther Capital Management Corp now owns 2,447,508 shares of the company’s stock worth $112,292,000 after purchasing an additional 40,020 shares in the last quarter. HRT Financial LLC purchased a new position in shares of The Coca-Cola in the fourth quarter worth about $925,000. BancorpSouth Bank purchased a new position in shares of The Coca-Cola in the fourth quarter worth about $3,696,000. LVW Advisors LLC increased its stake in shares of The Coca-Cola by 9.0% in the fourth quarter. LVW Advisors LLC now owns 76,848 shares of the company’s stock worth $3,526,000 after purchasing an additional 6,357 shares in the last quarter. Finally, Cornerstone Capital Inc. increased its stake in shares of The Coca-Cola by 65.0% in the fourth quarter. Cornerstone Capital Inc. now owns 11,165 shares of the company’s stock worth $512,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors own 66.07% of the company’s stock.
In other The Coca-Cola news, insider Ed Hays sold 84,400 shares of The Coca-Cola stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $47.50, for a total transaction of $4,009,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Edward Long sold 15,000 shares of The Coca-Cola stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $47.95, for a total transaction of $719,250.00. Following the sale, the insider now owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,283 shares of company stock valued at $4,812,985. 1.48% of the stock is currently owned by company insiders.
KO stock opened at $44.68 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.34 and a quick ratio of 1.25. The Coca-Cola Company has a 12 month low of $42.19 and a 12 month high of $48.62. The company has a market capitalization of $189,875.45, a PE ratio of 23.39, a PEG ratio of 2.58 and a beta of 0.72.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, beating 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 company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same period last year, the business earned $0.37 earnings per share. The Coca-Cola’s revenue was down 20.2% compared to the same quarter last year. equities research analysts predict that The Coca-Cola Company will post 2.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were given a $0.39 dividend. This is a positive change 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 3.49%. The ex-dividend date of this dividend was Wednesday, March 14th. The Coca-Cola’s dividend payout ratio (DPR) is 81.68%.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based 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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