LaFleur & Godfrey LLC Sells 893 Shares of The Coca-Cola Company (NYSE:KO)

LaFleur & Godfrey LLC lessened its position in shares of The Coca-Cola Company (NYSE:KO) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,523 shares of the company’s stock after selling 893 shares during the period. Coca-Cola makes up about 1.2% of LaFleur & Godfrey LLC’s holdings, making the stock its 28th biggest position. LaFleur & Godfrey LLC’s holdings in Coca-Cola were worth $8,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Freedom Wealth Alliance LLC bought a new position in shares of Coca-Cola in the 4th quarter worth $25,000. Hibernia Wealth Partners LLC bought a new position in shares of Coca-Cola in the 3rd quarter worth $25,000. ZRC Wealth Management LLC grew its holdings in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in shares of Coca-Cola during the 4th quarter valued at $30,000. Finally, KB Financial Partners LLC bought a new position in shares of Coca-Cola during the 1st quarter valued at $31,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Stock Performance

Shares of KO traded up $0.09 on Thursday, reaching $61.12. The company’s stock had a trading volume of 4,212,318 shares, compared to its average volume of 14,035,743. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $64.99. The stock has a market capitalization of $263.50 billion, a P/E ratio of 24.63, a PEG ratio of 3.43 and a beta of 0.59. The stock’s 50 day simple moving average is $60.04 and its two-hundred day simple moving average is $58.30.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The business had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts forecast that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, March 14th. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s payout ratio is 78.23%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KO shares. Barclays increased their target price on shares of Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, Citigroup increased their price target on shares of Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola currently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

Insider Transactions at Coca-Cola

In related news, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at $26,968,753.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James Quincey sold 247,188 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total value of $15,063,636.72. Following the sale, the chief executive officer now owns 442,546 shares in the company, valued at $26,968,753.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the transaction, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 375,407 shares of company stock valued at $22,795,742. 0.97% of the stock is currently 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.