The Coca-Cola Company (NYSE:KO) Shares Sold by Stephens Consulting LLC

Stephens Consulting LLC cut its holdings in shares of The Coca-Cola Company (NYSE:KO) by 7.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,550 shares of the company’s stock after selling 200 shares during the quarter. Stephens Consulting LLC’s holdings in Coca-Cola were worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ZRC Wealth Management LLC grew its stake in shares of Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after buying an additional 320 shares in the last quarter. Tidemark LLC purchased a new position in shares of Coca-Cola in the fourth quarter valued at approximately $26,000. Private Wealth Management Group LLC acquired a new position in shares of Coca-Cola in the fourth quarter valued at approximately $27,000. Criterion Capital Advisors LLC purchased a new stake in Coca-Cola during the 4th quarter worth approximately $30,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Coca-Cola during the 4th quarter worth approximately $31,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coca-Cola

In related news, EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Nikolaos Koumettis sold 80,891 shares of the firm’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 of the company’s stock, valued at approximately $13,644,979.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the completion of the transaction, the executive vice president now owns 167,107 shares in the company, valued at approximately $10,358,962.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KO has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, June 10th. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Evercore ISI lifted their price objective on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. BNP Paribas initiated coverage on Coca-Cola in a report on Monday, June 24th. They issued an “outperform” rating and a $72.00 target price on the stock. Finally, UBS Group upped their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $68.83.

Coca-Cola Trading Down 0.4 %

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

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating 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 company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given 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 (DPR) is currently 77.60%.

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.