The Coca-Cola Company (NYSE:KO) Shares Sold by SageView Advisory Group LLC

SageView Advisory Group LLC lessened its holdings in shares of The Coca-Cola Company (NYSE:KO) by 14.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,906 shares of the company’s stock after selling 5,071 shares during the quarter. SageView Advisory Group LLC’s holdings in Coca-Cola were worth $1,768,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Community Bank & Trust Waco Texas boosted its stake in shares of Coca-Cola by 0.6% during the 1st quarter. Community Bank & Trust Waco Texas now owns 30,262 shares of the company’s stock valued at $1,851,000 after buying an additional 168 shares during the last quarter. Goelzer Investment Management Inc. raised its position in shares of Coca-Cola by 1.8% during the 4th quarter. Goelzer Investment Management Inc. now owns 9,681 shares of the company’s stock valued at $571,000 after acquiring an additional 169 shares in the last quarter. Elk River Wealth Management LLC raised its position in shares of Coca-Cola by 1.6% during the 4th quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock valued at $639,000 after acquiring an additional 170 shares in the last quarter. KRS Capital Management LLC raised its position in shares of Coca-Cola by 3.8% during the 4th quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock valued at $274,000 after acquiring an additional 170 shares in the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in shares of Coca-Cola by 1.4% during the 1st quarter. Premier Path Wealth Partners LLC now owns 12,009 shares of the company’s stock valued at $729,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analyst Weigh In

KO has been the topic of several research reports. Morgan Stanley upped 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. Bank of America increased their target price on Coca-Cola from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. BNP Paribas started coverage on Coca-Cola in a research report on Monday, June 24th. They issued an “outperform” rating and a $72.00 target price on the stock. StockNews.com raised Coca-Cola from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. increased their target price on Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Coca-Cola currently has an average rating of “Moderate Buy” and an average target price of $70.00.

Coca-Cola Stock Down 0.1 %

NYSE KO traded down $0.03 during trading on Thursday, reaching $65.18. 11,125,558 shares of the company’s stock were exchanged, compared to its average volume of 12,873,854. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $65.81. The firm has a market capitalization of $280.77 billion, a PE ratio of 26.24, a P/E/G ratio of 3.63 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. The company’s fifty day simple moving average is $63.14 and its 200-day simple moving average is $61.21.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a return on equity of 42.74% and a net margin of 23.41%. The firm had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same period last year, the company posted $0.68 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that The Coca-Cola Company will post 2.82 EPS for the current year.

Coca-Cola Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, June 14th. Coca-Cola’s dividend payout ratio (DPR) is presently 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, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the transaction, the insider now directly owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Insiders sold 822,284 shares of company stock valued at $567,718,040 in the last three months. Corporate insiders own 0.97% of the company’s stock.

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.