Sawtooth Solutions LLC increased its position in shares of The Coca-Cola Company (NYSE:KO) by 308.2% during the 4th quarter, HoldingsChannel reports. The firm owned 67,084 shares of the company’s stock after buying an additional 50,648 shares during the quarter. Sawtooth Solutions LLC’s holdings in The Coca-Cola were worth $3,078,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Santori & Peters Inc. bought a new position in shares of The Coca-Cola in the fourth quarter valued at $127,000. Veritas Investment Management LLP bought a new position in shares of The Coca-Cola in the third quarter valued at $135,000. Spectrum Management Group Inc. bought a new position in shares of The Coca-Cola in the third quarter valued at $137,000. Legacy Advisors LLC bought a new position in shares of The Coca-Cola in the third quarter valued at $139,000. Finally, Goodman Financial Corp bought a new position in shares of The Coca-Cola in the fourth quarter valued at $143,000. 66.03% of the stock is currently owned by hedge funds and other institutional investors.
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KO has been the topic of several research reports. Vetr cut The Coca-Cola from a “strong-buy” rating to a “hold” rating and set a $47.54 price target on the stock. in a report on Monday, January 8th. Goldman Sachs set a $49.00 price target on The Coca-Cola and gave the company a “sell” rating in a report on Wednesday, January 10th. Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and upped their price target for the company from $46.04 to $55.00 in a report on Friday, January 12th. Susquehanna Bancshares set a $45.00 price target on The Coca-Cola and gave the company a “hold” rating in a report on Monday, February 12th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of The Coca-Cola in a research report on Tuesday, February 13th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.45.
In other news, insider Jennifer K. Mann sold 1,883 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. Following the transaction, the insider now directly owns 98,995 shares in the company, valued at approximately $4,454,775. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.48% of the company’s stock.
The Coca-Cola stock opened at $42.36 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.12 and a current ratio of 1.21. The Coca-Cola Company has a 12 month low of $41.52 and a 12 month high of $48.62. The firm has a market cap of $180,703.77, a PE ratio of 21.72, a P/E/G ratio of 2.47 and a beta of 0.72.
The Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 24th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The Coca-Cola had a net margin of 4.23% and a return on equity of 39.54%. The business had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the previous year, the company posted $0.43 EPS. The Coca-Cola’s revenue was down 16.6% on a year-over-year basis. equities analysts expect that The Coca-Cola Company will post 2.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, June 14th. The Coca-Cola’s dividend payout ratio is currently 81.68%.
The Coca-Cola Profile
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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