The Coca-Cola Company (NYSE:KO) Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its position in The Coca-Cola Company (NYSE:KO) by 1.9% during the third quarter, Holdings Channel reports. The firm owned 11,121 shares of the company’s stock after selling 213 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Coca-Cola were worth $799,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Aspect Partners LLC acquired a new position in shares of Coca-Cola in the 4th quarter valued at about $305,000. Clarity Asset Management Inc. acquired a new position in Coca-Cola in the fourth quarter valued at approximately $77,000. Security National Bank of Sioux City Iowa IA boosted its position in Coca-Cola by 11.5% in the 4th quarter. Security National Bank of Sioux City Iowa IA now owns 16,897 shares of the company’s stock worth $996,000 after purchasing an additional 1,749 shares in the last quarter. Childress Capital Advisors LLC grew its stake in shares of Coca-Cola by 7.3% during the 4th quarter. Childress Capital Advisors LLC now owns 14,343 shares of the company’s stock worth $845,000 after purchasing an additional 970 shares during the period. Finally, Burford Brothers Inc. purchased a new position in shares of Coca-Cola during the 4th quarter valued at approximately $1,433,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Nancy Quan sold 18,482 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $15,398,603.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Coca-Cola news, EVP Lisa Chang sold 58,122 shares of Coca-Cola stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $68.51, for a total value of $3,981,938.22. Following the sale, the executive vice president now owns 74,067 shares in the company, valued at $5,074,330.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nancy Quan sold 18,482 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $15,398,603.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 376,096 shares of company stock valued at $25,982,352. 0.97% of the stock is owned by company insiders.

Coca-Cola Stock Up 0.5 %

KO stock opened at $69.57 on Friday. The company has a market cap of $299.70 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 3.92 and a beta of 0.60. The firm has a 50-day moving average of $70.51 and a two-hundred day moving average of $65.39. The Coca-Cola Company has a 12 month low of $52.43 and a 12 month high of $73.53. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. As a group, analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.79%. Coca-Cola’s payout ratio is 77.60%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Citigroup upped their price target on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Bank of America raised their price objective on Coca-Cola from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Morgan Stanley increased their target price on Coca-Cola from $70.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, August 27th. Finally, Barclays boosted their price target on shares of Coca-Cola from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.33.

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.