Ade LLC Sells 300 Shares of The Coca-Cola Company (NYSE:KO)

Ade LLC decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 5.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,088 shares of the company’s stock after selling 300 shares during the quarter. Ade LLC’s holdings in Coca-Cola were worth $311,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KO. Norges Bank bought a new position in Coca-Cola in the 4th quarter worth about $2,808,056,000. Fisher Asset Management LLC boosted its position in shares of Coca-Cola by 11,138.6% during the 4th quarter. Fisher Asset Management LLC now owns 4,977,819 shares of the company’s stock valued at $293,343,000 after acquiring an additional 4,933,527 shares during the last quarter. Pathstone Holdings LLC bought a new stake in shares of Coca-Cola during the 4th quarter valued at about $193,342,000. Putnam Investments LLC boosted its position in shares of Coca-Cola by 32.8% during the 4th quarter. Putnam Investments LLC now owns 12,032,095 shares of the company’s stock valued at $709,051,000 after acquiring an additional 2,973,234 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Coca-Cola by 7.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,564,179 shares of the company’s stock valued at $2,390,448,000 after acquiring an additional 2,893,061 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Down 0.4 %

Shares of NYSE KO traded down $0.26 during mid-day trading on Friday, hitting $63.65. 17,358,827 shares of the stock traded hands, compared to its average volume of 11,241,235. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The stock has a fifty day moving average price of $62.72 and a 200-day moving average price of $60.78. The Coca-Cola Company has a 52 week low of $51.55 and a 52 week high of $64.36. The company has a market cap of $274.20 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.60 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The business had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate 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 paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, June 14th. Coca-Cola’s dividend payout ratio is currently 77.60%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KO shares. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Evercore ISI raised their price objective on Coca-Cola from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. UBS Group raised their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, BNP Paribas started coverage on Coca-Cola in a report on Monday, June 24th. They set an “outperform” rating and a $72.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.83.

Insider Transactions at Coca-Cola

In other news, insider Nikolaos Koumettis sold 80,891 shares of the business’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 owns 218,880 shares in the company, valued at $13,644,979.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Monica Howard Douglas sold 8,874 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $63.31, for a total transaction of $561,812.94. Following the completion of the sale, the executive vice president now owns 33,638 shares in the company, valued at $2,129,621.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nikolaos Koumettis sold 80,891 shares of the company’s 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 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 sold 223,665 shares of company stock worth $13,995,465 over the last quarter. 0.97% of the stock is currently owned by insiders.

Coca-Cola Company 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.