BRYN MAWR TRUST Co cut its holdings in shares of The Coca-Cola Company (NYSE:KO – Get Rating) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,518 shares of the company’s stock after selling 406 shares during the period. BRYN MAWR TRUST Co’s holdings in Coca-Cola were worth $4,472,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in KO. Curi Wealth Management LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $25,000. Shore Point Advisors LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $28,000. Horan Securities Inc. acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $32,000. Leverty Financial Group LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $35,000. Finally, Masso Torrence Wealth Management Inc. acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $46,000. Institutional investors own 68.51% of the company’s stock.
In other news, COO Brian John Smith sold 35,800 shares of the business’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $67.04, for a total transaction of $2,400,032.00. Following the sale, the chief operating officer now directly owns 116,168 shares in the company, valued at $7,787,902.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Beatriz R. Perez sold 143,924 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $64.78, for a total value of $9,323,396.72. Following the sale, the senior vice president now owns 121,178 shares in the company, valued at $7,849,910.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 667,137 shares of company stock worth $42,579,677. Company insiders own 0.98% of the company’s stock.
KO stock traded up $1.21 during midday trading on Friday, reaching $65.72. The company had a trading volume of 16,166,956 shares, compared to its average volume of 17,885,330. The company has a market capitalization of $284.90 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 3.74 and a beta of 0.58. The stock has a 50 day moving average price of $62.87 and a 200-day moving average price of $60.13. The Coca-Cola Company has a 1-year low of $52.28 and a 1-year high of $67.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.18 and a quick ratio of 0.98.
Coca-Cola (NYSE:KO – Get Rating) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $10.50 billion during the quarter, compared to the consensus estimate of $9.83 billion. Coca-Cola had a return on equity of 41.84% and a net margin of 25.69%. Coca-Cola’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, research analysts anticipate that The Coca-Cola Company will post 2.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Tuesday, June 14th. Coca-Cola’s dividend payout ratio is presently 73.95%.
Coca-Cola Company Profile (Get Rating)
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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