Paradigm Financial Advisors LLC Has $2 Million Holdings in The Coca-Cola Co (KO)
Paradigm Financial Advisors LLC lowered its stake in The Coca-Cola Co (NYSE:KO) by 6.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,565 shares of the company’s stock after selling 3,244 shares during the period. Paradigm Financial Advisors LLC’s holdings in The Coca-Cola were worth $1,999,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Sentry Investment Management LLC increased its stake in shares of The Coca-Cola by 1.1% in the second quarter. Sentry Investment Management LLC now owns 310,301 shares of the company’s stock worth $13,917,000 after purchasing an additional 3,298 shares during the period. Regents of The University of California bought a new position in shares of The Coca-Cola in the second quarter worth about $807,000. Atlantic Trust LLC increased its stake in shares of The Coca-Cola by 1.4% in the second quarter. Atlantic Trust LLC now owns 6,304 shares of the company’s stock worth $283,000 after purchasing an additional 89 shares during the period. WFG Advisors LP increased its stake in shares of The Coca-Cola by 20.5% in the second quarter. WFG Advisors LP now owns 14,349 shares of the company’s stock worth $644,000 after purchasing an additional 2,439 shares during the period. Finally, Toronto Dominion Bank increased its stake in shares of The Coca-Cola by 23.8% in the second quarter. Toronto Dominion Bank now owns 1,360,388 shares of the company’s stock worth $61,004,000 after purchasing an additional 261,467 shares during the period. 65.38% of the stock is owned by institutional investors.
KO has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded The Coca-Cola from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $46.72 to $51.00 in a research note on Tuesday, November 14th. Vetr upgraded The Coca-Cola from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Zacks Investment Research upgraded The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Friday, October 27th. Royal Bank of Canada set a $49.00 price target on The Coca-Cola and gave the company a “buy” rating in a research note on Sunday, November 12th. Finally, Susquehanna Bancshares set a $41.00 price target on The Coca-Cola and gave the company a “hold” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The Coca-Cola currently has a consensus rating of “Hold” and an average price target of $48.01.
The Coca-Cola Co (NYSE KO) traded up $0.16 during mid-day trading on Friday, hitting $46.19. The stock had a trading volume of 21,181,606 shares, compared to its average volume of 11,381,628. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $47.48. The company has a market cap of $196,119.78, a price-to-earnings ratio of 24.35, a P/E/G ratio of 3.94 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. The 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 for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue was down 14.6% compared to the same quarter last year. research analysts expect that The Coca-Cola Co will post 1.9 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, November 30th. The Coca-Cola’s payout ratio is currently 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.51% of the stock is owned by insiders.
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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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