Viewpoint Capital Management LLC Sells 215 Shares of The Coca-Cola Company (NYSE:KO)

Viewpoint Capital Management LLC decreased its position in The Coca-Cola Company (NYSE:KO) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,590 shares of the company’s stock after selling 215 shares during the period. Viewpoint Capital Management LLC’s holdings in Coca-Cola were worth $342,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KO. Westfield Capital Management Co. LP lifted its stake in Coca-Cola by 6.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 147,185 shares of the company’s stock worth $8,239,000 after purchasing an additional 9,129 shares in the last quarter. Cape Cod Five Cents Savings Bank boosted its stake in Coca-Cola by 104.8% during the third quarter. Cape Cod Five Cents Savings Bank now owns 20,370 shares of the company’s stock valued at $1,140,000 after buying an additional 10,422 shares during the period. CWA Asset Management Group LLC grew its position in Coca-Cola by 8.9% during the third quarter. CWA Asset Management Group LLC now owns 7,882 shares of the company’s stock worth $441,000 after buying an additional 644 shares in the last quarter. Teza Capital Management LLC lifted its position in Coca-Cola by 89.1% during the third quarter. Teza Capital Management LLC now owns 232,309 shares of the company’s stock valued at $13,005,000 after purchasing an additional 109,469 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Coca-Cola in the 3rd quarter worth $2,529,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.4 %

KO traded down $0.26 during midday trading on Friday, reaching $63.65. The company’s stock had a trading volume of 17,358,827 shares, compared to its average volume of 11,241,235. 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 stock’s 50-day moving average is $62.72 and its 200-day moving average is $60.77. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.36. The firm has a market capitalization of $274.20 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.61 and a beta of 0.59.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. Coca-Cola’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. As a group, research analysts expect that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, June 14th. Coca-Cola’s payout ratio is currently 77.60%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Barclays boosted their price objective on Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. BNP Paribas began coverage on shares of Coca-Cola in a research note on Monday, June 24th. They issued an “outperform” rating and a $72.00 target price on the stock. Argus boosted their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Finally, UBS Group upped their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.83.

Insider Buying and Selling

In other Coca-Cola news, insider Nikolaos Koumettis sold 80,891 shares of the business’s stock in a transaction 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 directly owns 218,880 shares in the company, valued at approximately $13,644,979.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at approximately $10,358,962.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $62.34, for a total value of $5,042,744.94. Following the completion of the transaction, the insider now directly owns 218,880 shares in the company, valued at $13,644,979.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is owned by corporate insiders.

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.