V Wealth Management LLC Sells 14 Shares of Coca-Cola Co. (KO)
V Wealth Management LLC cut its position in Coca-Cola Co. (NYSE:KO) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Americafirst Capital Management LLC increased its stake in shares of Coca-Cola by 13.5% in the second quarter. Americafirst Capital Management LLC now owns 46,054 shares of the company’s stock worth $2,088,000 after buying an additional 5,487 shares during the last quarter. OLD Point Trust & Financial Services N A increased its stake in shares of Coca-Cola by 1.3% in the second quarter. OLD Point Trust & Financial Services N A now owns 62,771 shares of the company’s stock worth $2,846,000 after buying an additional 800 shares during the last quarter. Verus Financial Partners Inc. increased its stake 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 worth $352,000 after buying an additional 41 shares during the last quarter. Arcadia Investment Management Corp MI increased its stake 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 worth $157,000 after buying an additional 52 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Coca-Cola by 7.4% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 15,149 shares of the company’s stock worth $686,000 after buying an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 64.42% of the company’s stock.
Coca-Cola Co. (NYSE:KO) traded down 0.52% on Friday, hitting $42.14. The stock had a trading volume of 16,353,971 shares. Coca-Cola Co. has a one year low of $38.47 and a one year high of $47.13. The firm has a market cap of $181.88 billion, a price-to-earnings ratio of 24.25 and a beta of 0.57. The company’s 50-day moving average price is $43.60 and its 200 day moving average price is $44.80.
Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The business had revenue of $11.50 billion for the quarter, compared to analyst estimates of $11.69 billion. Coca-Cola had a return on equity of 32.78% and a net margin of 17.61%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. Analysts expect that Coca-Cola Co. will post $1.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is 80.46%.
A number of brokerages have recently commented on KO. Vetr downgraded Coca-Cola from a “strong-buy” rating to a “buy” rating and set a $46.93 target price on the stock. in a research note on Thursday. Credit Suisse Group AG assumed coverage on Coca-Cola in a report on Thursday. They issued a “neutral” rating and a $44.00 price target for the company. Zacks Investment Research raised Coca-Cola from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Jefferies Group reaffirmed a “hold” rating on shares of Coca-Cola in a report on Thursday, August 25th. Finally, Susquehanna reaffirmed a “hold” rating on shares of Coca-Cola in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.75.
In other news, EVP J Alexander Douglas, Jr. sold 572,748 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $45.25, for a total transaction of $25,916,847.00. Following the sale, the executive vice president now owns 291,675 shares of the company’s stock, valued at approximately $13,198,293.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.54% of the company’s stock.
Coca-Cola Company Profile
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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