Ashford Capital Management Inc. Cuts Position in The Coca-Cola Co (KO)
Ashford Capital Management Inc. cut its stake in The Coca-Cola Co (NYSE:KO) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,126 shares of the company’s stock after selling 300 shares during the period. Ashford Capital Management Inc.’s holdings in The Coca-Cola were worth $992,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in KO. Janus Henderson Group PLC boosted its position in The Coca-Cola by 1,117.2% during the second quarter. Janus Henderson Group PLC now owns 13,339,286 shares of the company’s stock valued at $598,273,000 after buying an additional 12,243,387 shares during the period. Capital World Investors boosted its position in The Coca-Cola by 8.9% during the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock valued at $6,370,815,000 after buying an additional 11,593,679 shares during the period. Vanguard Group Inc. boosted its position in The Coca-Cola by 1.8% during the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after buying an additional 4,818,963 shares during the period. HS Management Partners LLC purchased a new stake in The Coca-Cola during the second quarter valued at about $152,243,000. Finally, Lazard Asset Management LLC boosted its position in The Coca-Cola by 13.3% during the second quarter. Lazard Asset Management LLC now owns 27,715,975 shares of the company’s stock valued at $1,243,060,000 after buying an additional 3,243,942 shares during the period. Institutional investors own 65.38% of the company’s stock.
In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.51% of the stock is owned by corporate insiders.
The Coca-Cola Co (NYSE KO) traded up $0.13 during trading on Friday, hitting $46.03. 9,028,900 shares of the stock were exchanged, compared to its average volume of 11,491,945. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $195,543.31, a price-to-earnings ratio of 24.28, a P/E/G ratio of 3.93 and a beta of 0.70. The Coca-Cola Co has a one year low of $40.22 and a one year high of $47.48.
The Coca-Cola (NYSE:KO) last posted its earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The company had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The Coca-Cola’s revenue for the quarter was down 14.6% on a year-over-year basis. sell-side analysts anticipate that The Coca-Cola Co will post 1.9 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, November 30th. The Coca-Cola’s payout ratio is currently 140.95%.
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The Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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