Aureus Asset Management LLC Has $537,000 Stake in Coca-Cola Company (The) (KO)
Aureus Asset Management LLC held its position in Coca-Cola Company (The) (NYSE:KO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,979 shares of the company’s stock at the close of the second quarter. Aureus Asset Management LLC’s holdings in Coca-Cola were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Coca-Cola by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock valued at $12,343,662,000 after acquiring an additional 4,818,963 shares during the period. HS Management Partners LLC purchased a new position in Coca-Cola during the 2nd quarter valued at about $152,243,000. Lazard Asset Management LLC boosted its holdings in Coca-Cola by 13.3% during the 2nd quarter. Lazard Asset Management LLC now owns 27,715,975 shares of the company’s stock valued at $1,243,060,000 after acquiring an additional 3,243,942 shares during the period. Findlay Park Partners LLP boosted its holdings in Coca-Cola by 51.3% during the 2nd quarter. Findlay Park Partners LLP now owns 7,214,170 shares of the company’s stock valued at $323,556,000 after acquiring an additional 2,446,670 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in Coca-Cola by 14.6% during the 2nd quarter. Federated Investors Inc. PA now owns 19,202,172 shares of the company’s stock valued at $861,217,000 after acquiring an additional 2,440,395 shares during the period. Institutional investors and hedge funds own 65.38% of the company’s stock.
A number of brokerages recently commented on KO. Macquarie began coverage on Coca-Cola in a report on Friday, September 15th. They set a “neutral” rating and a $47.00 target price for the company. Vetr raised Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target on the stock in a research report on Monday. Jefferies Group reaffirmed a “hold” rating and issued a $47.00 price target on shares of Coca-Cola in a research report on Thursday, September 7th. Morgan Stanley set a $48.00 price target on Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, October 26th. Finally, Goldman Sachs Group set a $45.00 price target on Coca-Cola and gave the company a “sell” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company’s stock. Coca-Cola presently has an average rating of “Hold” and an average price target of $47.80.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was 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 accessible through this hyperlink. Insiders own 1.51% of the company’s stock.
Coca-Cola Company (KO) opened at $45.31 on Friday. Coca-Cola Company has a 1-year low of $40.22 and a 1-year high of $47.48. The firm has a market capitalization of $193,050.83, a price-to-earnings ratio of 23.97, a PEG ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30.
Coca-Cola (NYSE:KO) last released its quarterly 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. Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The company had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. equities research analysts anticipate that Coca-Cola Company will post 1.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.27%. Coca-Cola’s dividend payout ratio (DPR) is 140.95%.
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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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