V Wealth Management LLC Sells 14 Shares of Coca-Cola Co. (KO)
V Wealth Management LLC decreased its stake in Coca-Cola Co. (NYSE:KO) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,337 shares of the company’s stock after selling 14 shares during the period. V Wealth Management LLC’s holdings in Coca-Cola were worth $383,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Verus Financial Partners Inc. increased its position in shares of Coca-Cola by 0.5% in the second quarter. Verus Financial Partners Inc. now owns 7,759 shares of the company’s stock valued at $352,000 after buying an additional 41 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in shares of Coca-Cola by 1.5% in the second quarter. Arcadia Investment Management Corp MI now owns 3,469 shares of the company’s stock valued at $157,000 after buying an additional 52 shares in the last quarter. Abner Herrman & Brock LLC increased its position in shares of Coca-Cola by 1.5% in the second quarter. Abner Herrman & Brock LLC now owns 4,740 shares of the company’s stock valued at $216,000 after buying an additional 70 shares in the last quarter. Balentine LLC increased its position in shares of Coca-Cola by 1.2% in the first quarter. Balentine LLC now owns 7,599 shares of the company’s stock valued at $353,000 after buying an additional 89 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE increased its position in shares of Coca-Cola by 0.5% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 21,910 shares of the company’s stock valued at $993,000 after buying an additional 100 shares in the last quarter. 64.42% of the stock is currently owned by institutional investors and hedge funds.
Coca-Cola Co. (NYSE:KO) traded down 0.52% during trading on Friday, reaching $42.14. 16,353,971 shares of the company’s stock were exchanged. Coca-Cola Co. has a 1-year low of $38.47 and a 1-year high of $47.13. The company’s 50-day moving average is $43.60 and its 200-day moving average is $44.80. The company has a market capitalization of $181.88 billion, a PE ratio of 24.25 and a beta of 0.57.
Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, July 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Coca-Cola had a net margin of 17.61% and a return on equity of 32.78%. The company earned $11.50 billion during the quarter, compared to the consensus estimate of $11.69 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Coca-Cola Co. will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be given a $0.35 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.32%. Coca-Cola’s payout ratio is 80.46%.
Several research analysts have weighed in on KO shares. Susquehanna reiterated a “hold” rating on shares of Coca-Cola in a report on Sunday, July 17th. Vetr reiterated a “buy” rating on shares of Coca-Cola in a report on Thursday, July 28th. Zacks Investment Research upgraded Coca-Cola from a “sell” rating to a “hold” rating in a report on Friday, July 8th. Goldman Sachs Group Inc. set a $45.00 price target on Coca-Cola and gave the company a “neutral” rating in a report on Thursday, July 28th. Finally, Stifel Nicolaus cut their price target on Coca-Cola from $54.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $46.75.
In other Coca-Cola news, EVP J Alexander Douglas, Jr. sold 572,748 shares of the stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $45.25, for a total value of $25,916,847.00. Following the completion of the sale, the executive vice president now owns 291,675 shares in the company, valued at approximately $13,198,293.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.54% of the stock is currently owned by company insiders.
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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