Buffington Mohr McNeal has increased its stake in The Coca-Cola Company by 5.4% in the second quarter, according to a filing with the SEC. The institutional investor now owns 17,844 shares, worth $1,075,000. Other institutional investors, such as Venturi Wealth Management LLC, Freedom Wealth Alliance LLC, Fortis Capital Advisors LLC, NewSquare Capital LLC, and KB Financial Partners LLC, have also added to their stakes in Coca-Cola. Overall, 68.96% of the company’s stock is currently owned by institutional investors and hedge funds.
Coca-Cola’s stock performance reflects the company’s strong market presence and financial standing. With a market cap of $229.80 billion and a beta of 0.56, the company has a PE ratio of 21.87 and a P/E/G ratio of 3.07. The company has a quick ratio of 0.95 and a current ratio of 1.14. Coca-Cola’s stock has been trading between a 12-month low of $51.55 and a 12-month high of $64.99.
In terms of financial performance, Coca-Cola reported $0.78 earnings per share (EPS) for the second quarter, beating the consensus estimate of $0.72. The company had a return on equity of 43.06% and a net margin of 23.81%. Coca-Cola’s quarterly revenue was up 6.2% compared to the same period last year.
Coca-Cola also recently announced a quarterly dividend of $0.46 per share, representing an annualized dividend of $1.84 and a yield of 3.46%. The company’s payout ratio is 75.72%.
In terms of insider activity, SVP Beatriz R. Perez and CEO James Quincey have sold a significant number of shares. In the second quarter, Perez sold 50,000 shares, while Quincey sold 92,029 shares. Insiders own 1.00% of the company’s stock.
Wall Street analysts have given Coca-Cola a positive outlook, with an average target price of $68.33. The stock currently has an average rating of “Moderate Buy” based on data from MarketBeat.
Overall, with its strong financial performance, significant institutional investment, and positive analyst outlook, Coca-Cola continues to be a strong player in the beverage industry.
Definitions:
– Institutional investor: An entity that pools money to purchase securities, typically on behalf of large-scale investors.
– Stake: Ownership interest in a company, represented by shares of stock.
– Securities and Exchange Commission (SEC): A U.S. government agency that regulates securities markets and protects investors.
– Dividend: A distribution of a portion of a company’s earnings to its shareholders.
– Beta: A measure of a stock’s volatility in relation to the overall market.
– PE ratio: Price-to-earnings ratio, a valuation ratio calculated by dividing the market price per share by earnings per share.
– P/E/G ratio: Price-to-earnings to growth ratio, a valuation ratio calculated by dividing the PE ratio by the company’s expected earnings growth rate.
– Quick ratio: A liquidity ratio that measures a company’s ability to cover its short-term liabilities.
– Current ratio: A liquidity ratio that measures a company’s ability to pay off its short-term liabilities with its short-term assets.
– Debt-to-equity ratio: A measure of a company’s financial leverage, calculated by dividing its total liabilities by shareholders’ equity.
– Net margin: A profitability ratio that measures the percentage of revenue that remains as net income after all expenses have been deducted.
– Quarterly revenue: The amount of revenue a company earns in a quarter, usually reported in its financial statements.
– Earnings per share (EPS): The portion of a company’s profit allocated to each outstanding share of common stock.
– Annualized dividend: The total amount of dividends a company is expected to pay in a year.
– Payout ratio: The percentage of earnings a company pays out as dividends.
– Insider activity: The buying/selling of a company’s stock by its own officers, such as senior vice presidents and CEOs.
– Wall Street analysts: Financial professionals who provide investment advice and make recommendations on stocks.
– Target price: The price at which an analyst believes a stock will perform well in the future.
– MarketBeat: A website that provides stock market news, analysis, and research.
Sources:
– SEC filing by Buffington Mohr McNeal
– MarketBeat’s analyst ratings and target price data
