Duncker Streett & Co. Inc. Has $599,000 Stock Position in The Coca-Cola Company (NYSE:KO)

Duncker Streett & Co. Inc. cut its holdings in The Coca-Cola Company (NYSE:KO) by 22.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,405 shares of the company’s stock after selling 2,700 shares during the period. Duncker Streett & Co. Inc.’s holdings in Coca-Cola were worth $599,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KO. Patrick M Sweeney & Associates Inc. bought a new position in Coca-Cola in the 4th quarter valued at about $410,000. Beacon Pointe Advisors LLC increased its stake in shares of Coca-Cola by 24.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 450,523 shares of the company’s stock valued at $26,549,000 after purchasing an additional 89,139 shares during the last quarter. Smart Money Group LLC raised its stake in Coca-Cola by 21.6% during the fourth quarter. Smart Money Group LLC now owns 4,932 shares of the company’s stock worth $291,000 after acquiring an additional 877 shares in the last quarter. Peddock Capital Advisors LLC lifted its holdings in shares of Coca-Cola by 1.4% in the fourth quarter. Peddock Capital Advisors LLC now owns 31,837 shares of the company’s stock worth $1,876,000 after acquiring an additional 443 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new stake in shares of Coca-Cola in the 4th quarter valued at approximately $3,255,000. 70.26% of the stock is owned by institutional investors.

Insider Activity

In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the sale, the insider now owns 218,880 shares in the company, valued at $13,644,979.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Bruno Pietracci sold 38,653 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $69.01, for a total value of $2,667,443.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nikolaos Koumettis sold 80,891 shares of Coca-Cola stock in a transaction on Friday, June 14th. The shares were sold at an average price of $62.34, for a total value of $5,042,744.94. Following the sale, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,074,910 shares of company stock valued at $585,972,318 over the last quarter. Company insiders own 0.97% of the company’s stock.

Coca-Cola Stock Performance

KO stock opened at $72.47 on Friday. The business has a 50 day moving average of $66.66 and a 200-day moving average of $63.13. The firm has a market cap of $312.34 billion, a PE ratio of 28.99, a P/E/G ratio of 4.05 and a beta of 0.59. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $72.57. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.78 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.68%. Coca-Cola’s payout ratio is 77.60%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KO. Truist Financial upped their target price on Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. StockNews.com lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Citigroup increased their price objective on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley upped their target price on Coca-Cola from $70.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.73.

Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.