Cacti Asset Management LLC Has $1691000 Stake in The Coca-Cola Co (KO)

Xavier Trudeau
Mai 19, 2017

The Coca-Cola Co (NYSE:KO) has been given a $45.00 target price by analysts at Barclays PLC in a research report issued on Monday.

Several other institutional investors have also recently added to or reduced their stakes in KO. JP Morgan analysts stated on 21/03/2017 that they launched coverage on this stock with Neutral rating. BMO Capital Markets restated a buy rating and set a $45.00 price target on shares of The Coca-Cola in a report on Wednesday, March 22nd. Wells Fargo & Co lowered The Coca-Cola from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $41.05 to $41.29 in a research note on Thursday, January 19th. Finally, Sanford C. Bernstein set a $47.00 price objective on The Coca-Cola and gave the company a buy rating in a report on Friday, February 10th. Adirondack Trust Co. now owns 31,933 shares of the company's stock valued at $1,351,000 after buying an additional 600 shares during the period.

Now the shares of The Coca-Cola Company (KO) has a trading volume of 14.52 Million shares, with an average trading volume of 9770 shares - with shares dropping to a 52 week low of $39.53, and the company's shares hitting a 52 week high of $ 44.79.

The Coca-Cola Co (NYSE:KO) opened at 43.93 on Thursday. The stock had a trading volume of 3,309,466 shares. The Coca-Cola Co has a 12 month low of $39.88 and a 12 month high of $46.01.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 5.21%, and has a solid year to date (YTD) performance of 6.89% which means the stock is constantly adding to its value from the previous fiscal year end price.

Currently, the market capitalization of The Coca-Cola Company (KO) is 187.69 Billion. The Coca-Cola also was the recipient of some unusual options trading on Tuesday. Stock investors purchased 24,058 call options on the company. This is an increase of approximately 246% compared to the typical daily volume of 6,950 call options.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 25th.

The company's expected revenue in the current quarter to be 9.66 Billion, seeing a projected current quarter growth of -3.3%, and per annum growth estimates over the next 5 year period of around 4.83%. The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.85 billion. Over the short term, some market observers may have noticed that The Coca-Cola Company has a 0.74% short float with 15 days to cover. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, equities research analysts forecast that The Coca-Cola Co will post $1.88 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another site, it was illegally copied and reposted in violation of U.S. and global trademark & copyright laws.

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Thursday, June 15th will be paid a $0.37 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.37%.

Now the P/E of The Coca-Cola Company stands at 30.78.

In other news, insider Brian John Smith sold 87,800 shares of The Coca-Cola stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total value of $3,813,154.00. Following the sale, the insider now owns 149,185 shares in the company, valued at $6,479,104.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

In related news, insider J Alexander Douglas, Jr. sold 22,000 shares of the business's stock in a transaction that occurred on Wednesday, May 3rd. The mean target of $45.00 should be compared with the price when the stock was languishing around $39.53 a share. Following the transaction, the insider now owns 319,436 shares of the company's stock, valued at $13,815,607. The disclosure for this sale can be found here. FMR LLC increased its stake in shares of The Coca-Cola by 2.5% in the first quarter. Chemung Canal Trust Co. now owns 230,132 shares of the company's stock worth $9,767,000 after buying an additional 10,019 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in The Coca-Cola during the fourth quarter valued at approximately $127,000. Beese Fulmer Investment Management Inc. now owns 177,672 shares of the company's stock valued at $7,519,000 after buying an additional 1,714 shares during the period. GWM Advisors LLC boosted its stake in The Coca-Cola by 82.8% in the third quarter. BlackRock Fund Advisors now owns 60,254,078 shares of the company's stock valued at $2,549,953,000 after buying an additional 1,492,283 shares in the last quarter. Brighton Jones LLC boosted its position in The Coca-Cola by 112.1% in the first quarter. Barnett & Company Inc. now owns 2,837 shares of the company's stock valued at $120,000 after buying an additional 616 shares during the period. Finally, West Coast Financial LLC boosted its position in shares of The Coca-Cola by 57.4% in the third quarter.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL