The Coca-Cola Company (NYSE:KO) Position Lowered by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. reduced its position in The Coca-Cola Company (NYSE:KO) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,583 shares of the company’s stock after selling 7,397 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Coca-Cola were worth $7,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KO. ZRC Wealth Management LLC boosted its position in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares during the period. Tidemark LLC acquired a new stake in Coca-Cola in the fourth quarter worth approximately $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Coca-Cola in the fourth quarter valued at $27,000. Criterion Capital Advisors LLC bought a new position in Coca-Cola during the fourth quarter valued at about $30,000. Finally, Frazier Financial Advisors LLC acquired a new position in Coca-Cola during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on KO shares. Barclays lifted their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Evercore ISI boosted their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. 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 lowered shares of Coca-Cola from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus price target of $68.83.

Coca-Cola Stock Down 0.5 %

NYSE KO traded down $0.32 on Tuesday, reaching $62.96. The stock had a trading volume of 2,738,436 shares, compared to its average volume of 13,018,792. The business has a 50 day moving average price of $62.72 and a 200 day moving average price of $60.78. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.36. The company has a market capitalization of $271.23 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 3.60 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

Coca-Cola (NYSE:KO) last posted 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. The company had revenue of $11.30 billion during 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%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. On average, analysts forecast that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were given a $0.485 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.08%. Coca-Cola’s dividend payout ratio is currently 77.60%.

Insider Transactions at Coca-Cola

In related news, insider Nikolaos Koumettis sold 80,891 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 218,880 shares of the company’s stock, valued at approximately $13,644,979.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Beatriz R. Perez sold 57,298 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $10,358,962.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is owned by corporate insiders.

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.