Everett Harris & Co. CA Sells 4,630 Shares of The Coca-Cola Company (NYSE:KO)

Everett Harris & Co. CA lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 3.8% during the 1st quarter, HoldingsChannel reports. The firm owned 117,477 shares of the company’s stock after selling 4,630 shares during the period. Everett Harris & Co. CA’s holdings in Coca-Cola were worth $7,187,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tidemark LLC bought a new stake in Coca-Cola in the 4th quarter valued at approximately $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Coca-Cola during the 1st quarter worth approximately $28,000. Private Wealth Management Group LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth approximately $27,000. ZRC Wealth Management LLC increased its position 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 worth $26,000 after purchasing an additional 320 shares during the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Coca-Cola during the 4th quarter worth approximately $30,000. Institutional investors own 70.26% of the company’s stock.

Insider Activity

In related news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction on Friday, June 14th. The stock was 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 in the company, valued at approximately $13,644,979.20. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Nikolaos Koumettis sold 80,891 shares of the company’s stock in a transaction on Friday, June 14th. The stock was 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 in the company, valued at approximately $13,644,979.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The disclosure for this sale can be found here. In the last three months, insiders sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is currently owned by company insiders.

Coca-Cola Stock Performance

KO traded up $0.18 during trading on Thursday, hitting $63.33. The stock had a trading volume of 9,154,198 shares, compared to its average volume of 11,000,689. The company has a 50 day moving average price of $62.86 and a 200-day moving average price of $60.86. The firm has a market cap of $272.82 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 3.57 and a beta of 0.59. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86.

Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. As a group, research analysts predict that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a dividend of $0.485 per share. 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 3.06%. Coca-Cola’s payout ratio is 77.60%.

Analyst Ratings Changes

Several research analysts have weighed in on KO shares. BNP Paribas started coverage on Coca-Cola in a research report on Monday, June 24th. They set an “outperform” rating and a $72.00 price target on the stock. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Argus boosted their price target on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. UBS Group boosted their target price on Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Evercore ISI boosted their target price on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.83.

Coca-Cola Company 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.