Founders Capital Management Has $1.01 Million Position in The Coca-Cola Company (NYSE:KO)

Founders Capital Management reduced its position in shares of The Coca-Cola Company (NYSE:KO) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,578 shares of the company’s stock after selling 200 shares during the quarter. Coca-Cola accounts for 0.7% of Founders Capital Management’s investment portfolio, making the stock its 26th biggest holding. Founders Capital Management’s holdings in Coca-Cola were worth $1,014,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KO. Rathbones Group PLC increased its stake in shares of Coca-Cola by 9.2% in the third quarter. Rathbones Group PLC now owns 5,222,435 shares of the company’s stock worth $292,352,000 after acquiring an additional 441,651 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Coca-Cola by 19.8% in the third quarter. V Square Quantitative Management LLC now owns 30,566 shares of the company’s stock worth $1,711,000 after acquiring an additional 5,058 shares during the last quarter. Institutional & Family Asset Management LLC increased its stake in shares of Coca-Cola by 21.4% in the third quarter. Institutional & Family Asset Management LLC now owns 4,313 shares of the company’s stock worth $241,000 after acquiring an additional 761 shares during the last quarter. Regal Investment Advisors LLC increased its stake in shares of Coca-Cola by 6.7% in the third quarter. Regal Investment Advisors LLC now owns 81,278 shares of the company’s stock worth $4,550,000 after acquiring an additional 5,135 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its stake in shares of Coca-Cola by 8.0% in the third quarter. Dark Forest Capital Management LP now owns 53,003 shares of the company’s stock worth $2,967,000 after acquiring an additional 3,934 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coca-Cola

In other news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the completion of the sale, the insider now owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Nikolaos Koumettis sold 80,891 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $62.34, for a total transaction of $5,042,744.94. Following the sale, the insider now directly owns 218,880 shares of the company’s stock, valued at $13,644,979.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Monica Howard Douglas sold 8,874 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the sale, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,665 shares of company stock valued at $13,995,465. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

NYSE:KO traded down $0.45 during mid-day trading on Thursday, hitting $62.19. The company’s stock had a trading volume of 13,305,570 shares, compared to its average volume of 13,047,249. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.36. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $267.89 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.54 and a beta of 0.59. The stock has a fifty day moving average of $62.12 and a 200-day moving average of $60.56.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts forecast that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, June 14th. Coca-Cola’s payout ratio is 77.60%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KO shares. StockNews.com cut shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Evercore ISI upped their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Morgan Stanley upped their price objective on shares of Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. JPMorgan Chase & Co. upped their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Barclays upped their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.55.

About Coca-Cola

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.