Collective Family Office LLC Sells 465 Shares of The Coca-Cola Company (NYSE:KO)

Collective Family Office LLC reduced its stake in The Coca-Cola Company (NYSE:KO – Get Rating) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,191 shares of the company’s stock after selling 465 shares during the quarter. Collective Family Office LLC’s holdings in Coca-Cola were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KO. Fairfield Bush & CO. purchased a new position in Coca-Cola in the 1st quarter worth approximately $77,000. Merit Financial Group LLC raised its holdings in Coca-Cola by 16.7% in the 1st quarter. Merit Financial Group LLC now owns 12,227 shares of the company’s stock worth $758,000 after acquiring an additional 1,754 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Coca-Cola by 41.4% in the 1st quarter. NewEdge Advisors LLC now owns 149,275 shares of the company’s stock worth $9,255,000 after acquiring an additional 43,680 shares during the last quarter. Ergoteles LLC raised its stake in Coca-Cola by 385.3% during the 1st quarter. Ergoteles LLC now owns 19,032 shares of the company’s stock valued at $1,180,000 after buying an additional 15,110 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in Coca-Cola by 11.9% during the 1st quarter. Mackenzie Financial Corp now owns 2,840,557 shares of the company’s stock valued at $176,115,000 after buying an additional 301,804 shares during the last quarter. 68.74% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Trading Down 0.5 %

Shares of Coca-Cola stock opened at $60.02 on Friday. The company has a market capitalization of $259.67 billion, a P/E ratio of 27.28, a P/E/G ratio of 3.49 and a beta of 0.53. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.93 and a current ratio of 1.15. The company has a fifty day moving average of $60.27 and a 200 day moving average of $60.39. The Coca-Cola Company has a fifty-two week low of $54.01 and a fifty-two week high of $67.20.

Coca-Cola (NYSE:KO – Get Rating) last released its quarterly earnings data on Tuesday, February 14th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Coca-Cola had a net margin of 22.19% and a return on equity of 42.35%. The business had revenue of $10.10 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.6 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 17th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, March 16th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.44. Coca-Cola’s dividend payout ratio is 83.64%.

Wall Street Analyst Weigh In

KO has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Coca-Cola from $61.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, February 13th. Wells Fargo & Company decreased their target price on shares of Coca-Cola from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, February 15th. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research note on Tuesday, February 14th. JPMorgan Chase & Co. set a $67.00 target price on shares of Coca-Cola in a research note on Tuesday, February 14th. Finally, Credit Suisse Group set a $70.00 price objective on Coca-Cola in a research note on Wednesday, February 15th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Coca-Cola currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.70.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, SVP Nancy Quan sold 74,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $58.71, for a total transaction of $4,344,540.00. Following the completion of the transaction, the senior vice president now owns 219,790 shares of the company’s stock, valued at approximately $12,903,870.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Nancy Quan sold 74,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $58.71, for a total transaction of $4,344,540.00. Following the sale, the senior vice president now directly owns 219,790 shares in the company, valued at approximately $12,903,870.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian John Smith sold 126,972 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $62.07, for a total transaction of $7,881,152.04. Following the sale, the insider now owns 116,168 shares in the company, valued at $7,210,547.76. The disclosure for this sale can be found here. Insiders sold 282,268 shares of company stock valued at $17,137,823 in the last 90 days. Insiders own 0.98% of the company’s stock.

About Coca-Cola

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The Coca-Cola Co engages in the manufacturing and marketing of non-alcoholic beverages. It operates through the following segments: Europe, Middle East and Africa, Latin America, North America, Asia Pacific, Global Ventures, and Bottling Investments. The company was founded by Asa Griggs Candler on May 8, 1886 and is headquartered in Atlanta, GA.