The Coca-Cola Co (KO) Shares Bought by DnB Asset Management AS

DnB Asset Management AS increased its position in The Coca-Cola Co (NYSE:KO) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 919,833 shares of the company’s stock after buying an additional 13,500 shares during the quarter. DnB Asset Management AS’s holdings in The Coca-Cola were worth $40,344,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Princeton Capital Management LLC purchased a new stake in shares of The Coca-Cola during the first quarter valued at $100,000. Clarus Wealth Advisors purchased a new stake in shares of The Coca-Cola during the second quarter valued at $101,000. Santori & Peters Inc. purchased a new stake in shares of The Coca-Cola during the fourth quarter valued at $127,000. Goodman Financial Corp purchased a new stake in shares of The Coca-Cola during the fourth quarter valued at $143,000. Finally, First Dallas Securities Inc. purchased a new stake in shares of The Coca-Cola during the fourth quarter valued at $155,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

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Shares of NYSE KO opened at $44.66 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.12 and a debt-to-equity ratio of 1.38. The stock has a market cap of $187.66 billion, a PE ratio of 23.38, a P/E/G ratio of 2.60 and a beta of 0.74. The Coca-Cola Co has a 52 week low of $41.45 and a 52 week high of $48.62.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 24th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.32 billion. The Coca-Cola had a return on equity of 39.54% and a net margin of 4.23%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. research analysts expect that The Coca-Cola Co will post 2.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 2nd. Stockholders of record on Friday, June 15th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Thursday, June 14th. The Coca-Cola’s dividend payout ratio is 81.68%.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered The Coca-Cola from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Macquarie reissued a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Wednesday, June 13th. Societe Generale set a $46.50 price target on The Coca-Cola and gave the company a “neutral” rating in a research report on Wednesday, April 25th. Jefferies Financial Group reissued a “neutral” rating and set a $44.00 price target on shares of The Coca-Cola in a research report on Friday, May 25th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $56.00 price target on shares of The Coca-Cola in a research report on Monday, April 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.42.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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