Crawford Investment Counsel Inc. raised its position in The Coca-Cola Company (NYSE:KO – Get Rating) by 1.2% in the 1st quarter, Holdings Channel reports. The firm owned 2,084,540 shares of the company’s stock after buying an additional 23,764 shares during the quarter. Coca-Cola accounts for 2.5% of Crawford Investment Counsel Inc.’s holdings, making the stock its 4th largest position. Crawford Investment Counsel Inc.’s holdings in Coca-Cola were worth $129,241,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of KO. Berkshire Bank boosted its stake in shares of Coca-Cola by 2.2% during the 1st quarter. Berkshire Bank now owns 7,067 shares of the company’s stock valued at $438,000 after purchasing an additional 155 shares in the last quarter. Fiducient Advisors LLC boosted its stake in shares of Coca-Cola by 2.8% during the 1st quarter. Fiducient Advisors LLC now owns 5,843 shares of the company’s stock valued at $365,000 after purchasing an additional 159 shares in the last quarter. Security Financial Services INC. boosted its stake in shares of Coca-Cola by 3.5% during the 1st quarter. Security Financial Services INC. now owns 4,710 shares of the company’s stock valued at $292,000 after purchasing an additional 160 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Coca-Cola by 2.4% during the 1st quarter. CWA Asset Management Group LLC now owns 6,841 shares of the company’s stock valued at $424,000 after purchasing an additional 160 shares in the last quarter. Finally, Clear Creek Financial Management LLC boosted its stake in shares of Coca-Cola by 1.5% during the 1st quarter. Clear Creek Financial Management LLC now owns 11,012 shares of the company’s stock valued at $683,000 after purchasing an additional 162 shares in the last quarter. 68.93% of the stock is owned by institutional investors.
Analyst Ratings Changes
KO has been the topic of a number of research reports. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research note on Tuesday, July 26th. Credit Suisse Group set a $68.00 target price on shares of Coca-Cola in a report on Wednesday, July 20th. JPMorgan Chase & Co. set a $70.00 price objective on shares of Coca-Cola in a report on Tuesday, July 26th. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a report on Saturday, August 6th. Finally, UBS Group boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.59.
Insider Activity at Coca-Cola
Coca-Cola Price Performance
Shares of NYSE:KO opened at $62.32 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a fifty day moving average price of $63.10 and a 200 day moving average price of $62.78. The Coca-Cola Company has a fifty-two week low of $52.28 and a fifty-two week high of $67.20. The firm has a market cap of $269.51 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 3.94 and a beta of 0.54.
Coca-Cola (NYSE:KO – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $10.57 billion. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. Coca-Cola’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.46 earnings per share for the current fiscal year.
Coca-Cola Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, September 15th. Coca-Cola’s payout ratio is 79.64%.
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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