Sabal Trust CO Sells 1,730 Shares of The Coca-Cola Co (KO)
Sabal Trust CO lowered its stake in The Coca-Cola Co (NYSE:KO) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 55,353 shares of the company’s stock after selling 1,730 shares during the period. Sabal Trust CO’s holdings in The Coca-Cola were worth $2,483,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of KO. Alpha Windward LLC boosted its stake in shares of The Coca-Cola by 0.4% in the second quarter. Alpha Windward LLC now owns 7,693 shares of the company’s stock valued at $345,000 after buying an additional 34 shares during the period. Vigilant Capital Management LLC raised its stake in The Coca-Cola by 1.9% in the second quarter. Vigilant Capital Management LLC now owns 3,593 shares of the company’s stock valued at $161,000 after buying an additional 68 shares during the last quarter. Delta Asset Management LLC TN raised its stake in The Coca-Cola by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 27,161 shares of the company’s stock valued at $1,152,000 after buying an additional 96 shares during the last quarter. New England Research & Management Inc. raised its stake in The Coca-Cola by 0.8% in the second quarter. New England Research & Management Inc. now owns 13,193 shares of the company’s stock valued at $592,000 after buying an additional 100 shares during the last quarter. Finally, Iowa State Bank raised its stake in The Coca-Cola by 2.1% in the second quarter. Iowa State Bank now owns 5,400 shares of the company’s stock valued at $242,000 after buying an additional 113 shares during the last quarter. 63.80% of the stock is currently owned by institutional investors and hedge funds.
The Coca-Cola Co (NYSE KO) traded up 0.35% during trading on Friday, hitting $45.57. The stock had a trading volume of 8,807,143 shares. The company has a market cap of $194.37 billion, a P/E ratio of 48.12 and a beta of 0.69. The firm has a 50 day moving average of $45.35 and a 200-day moving average of $43.87. The Coca-Cola Co has a one year low of $39.88 and a one year high of $46.43.
The Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $9.70 billion during the quarter, compared to the consensus estimate of $9.62 billion. The Coca-Cola had a return on equity of 24.51% and a net margin of 14.14%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. Equities analysts anticipate that The Coca-Cola Co will post $1.90 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.25%. The Coca-Cola’s dividend payout ratio is presently 154.17%.
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Several analysts recently weighed in on the company. Cowen and Company restated a “hold” rating and set a $42.00 price target on shares of The Coca-Cola in a report on Thursday. Citigroup Inc. set a $53.00 price target on The Coca-Cola and gave the company a “buy” rating in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and set a $49.00 price target on shares of The Coca-Cola in a report on Wednesday, August 2nd. Zacks Investment Research lowered The Coca-Cola from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub upgraded The Coca-Cola from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The Coca-Cola currently has a consensus rating of “Hold” and an average target price of $45.79.
In other news, insider Francisco Crespo sold 7,700 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $46.01, for a total transaction of $354,277.00. Following the completion of the sale, the insider now directly owns 29,943 shares in the company, valued at $1,377,677.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Beatriz R. Perez sold 29,282 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total value of $1,323,546.40. Following the sale, the insider now owns 118,000 shares of the company’s stock, valued at $5,333,600. The disclosure for this sale can be found here. Insiders have sold 396,117 shares of company stock valued at $18,197,793 over the last 90 days. Insiders own 1.51% of the company’s stock.
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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