The Coca-Cola Company (NYSE:KO) Shares Sold by Country Club Bank

Country Club Bank cut its holdings in The Coca-Cola Company (NYSE:KO) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,873 shares of the company’s stock after selling 956 shares during the period. Country Club Bank’s holdings in Coca-Cola were worth $3,221,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Kathmere Capital Management LLC grew its stake in Coca-Cola by 15.2% during the 1st quarter. Kathmere Capital Management LLC now owns 4,922 shares of the company’s stock worth $301,000 after buying an additional 648 shares during the last quarter. Occidental Asset Management LLC grew its position in shares of Coca-Cola by 6.0% during the first quarter. Occidental Asset Management LLC now owns 8,418 shares of the company’s stock worth $515,000 after acquiring an additional 477 shares during the last quarter. First Bank & Trust increased its holdings in shares of Coca-Cola by 19.8% in the 1st quarter. First Bank & Trust now owns 27,984 shares of the company’s stock worth $1,712,000 after acquiring an additional 4,631 shares during the period. Vicus Capital increased its holdings in shares of Coca-Cola by 66.2% in the 1st quarter. Vicus Capital now owns 8,979 shares of the company’s stock worth $549,000 after acquiring an additional 3,576 shares during the period. Finally, Coston McIsaac & Partners lifted its position in Coca-Cola by 1.1% in the 1st quarter. Coston McIsaac & Partners now owns 98,562 shares of the company’s stock valued at $6,029,000 after purchasing an additional 1,040 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In related news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $71.50, for a total value of $1,321,606.00. Following the completion of the sale, the executive vice president now owns 223,330 shares in the company, valued at approximately $15,968,095. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $15,968,095. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruno Pietracci sold 38,653 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $69.01, for a total value of $2,667,443.53. The disclosure for this sale can be found here. Insiders have sold a total of 319,005 shares of company stock valued at $22,198,147 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KO. StockNews.com lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Barclays reduced their price target on Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday. Cfra reissued a “hold” rating on shares of Coca-Cola in a research note on Thursday, September 5th. Finally, TD Cowen lifted their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.80.

Coca-Cola Trading Down 0.6 %

Shares of NYSE:KO opened at $66.92 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market capitalization of $288.42 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.91 and a beta of 0.60. The Coca-Cola Company has a 1-year low of $55.10 and a 1-year high of $73.53. The company has a 50 day moving average price of $70.66 and a 200 day moving average price of $66.02.

Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The business had revenue of $11.85 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the firm posted $0.74 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, research analysts anticipate that The Coca-Cola Company will post 2.85 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, November 29th. Coca-Cola’s payout ratio is 78.54%.

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.