Billeaud Capital Management Inc. decreased its position in The Coca-Cola Co (NYSE:KO) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,294 shares of the company’s stock after selling 644 shares during the period. The Coca-Cola accounts for approximately 2.6% of Billeaud Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Billeaud Capital Management Inc.’s holdings in The Coca-Cola were worth $5,033,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of KO. Capital International Investors boosted its position in shares of The Coca-Cola by 81.9% during the 3rd quarter. Capital International Investors now owns 63,196,570 shares of the company’s stock worth $2,919,050,000 after purchasing an additional 28,445,747 shares during the period. Vanguard Group Inc boosted its position in shares of The Coca-Cola by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock worth $13,351,492,000 after purchasing an additional 3,918,108 shares during the period. Vanguard Group Inc. boosted its position in shares of The Coca-Cola by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 289,055,893 shares of the company’s stock worth $13,351,492,000 after purchasing an additional 3,918,108 shares during the period. Natixis boosted its position in shares of The Coca-Cola by 218.3% during the 2nd quarter. Natixis now owns 4,080,146 shares of the company’s stock worth $178,955,000 after purchasing an additional 2,798,257 shares during the period. Finally, Eaton Vance Management boosted its position in shares of The Coca-Cola by 39.4% during the 3rd quarter. Eaton Vance Management now owns 6,792,655 shares of the company’s stock worth $313,752,000 after purchasing an additional 1,918,931 shares during the period. 65.53% of the stock is owned by institutional investors and hedge funds.
In related news, SVP James L. Dinkins sold 8,754 shares of The Coca-Cola stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $46.95, for a total transaction of $411,000.30. Following the sale, the senior vice president now directly owns 28,354 shares in the company, valued at approximately $1,331,220.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Beatriz R. Perez sold 10,000 shares of The Coca-Cola stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $47.98, for a total transaction of $479,800.00. Following the sale, the senior vice president now owns 92,645 shares in the company, valued at $4,445,107.10. The disclosure for this sale can be found here. Insiders have sold a total of 374,542 shares of company stock worth $18,436,957 over the last quarter. 1.48% of the stock is owned by company insiders.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a net margin of 8.70% and a return on equity of 43.12%. The firm had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.20 billion. During the same period last year, the business earned $0.50 EPS. The Coca-Cola’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, analysts predict that The Coca-Cola Co will post 2.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $1.56 annualized dividend and a yield of 3.30%. The Coca-Cola’s dividend payout ratio is currently 81.68%.
A number of equities research analysts have issued reports on the stock. HSBC set a $61.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a report on Thursday, September 27th. Jefferies Financial Group reiterated a “neutral” rating and set a $49.00 target price on shares of The Coca-Cola in a report on Monday, December 10th. Zacks Investment Research lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley set a $49.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Wednesday, September 26th. Finally, Guggenheim assumed coverage on shares of The Coca-Cola in a report on Thursday, September 13th. They set a “buy” rating and a $51.00 target price on the stock. Fourteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $51.78.
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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 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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