The Coca-Cola Company (NYSE:KO) Shares Sold by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC trimmed its position in shares of The Coca-Cola Company (NYSE:KO) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,808 shares of the company’s stock after selling 443 shares during the period. Mezzasalma Advisors LLC’s holdings in Coca-Cola were worth $306,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KO. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in shares of Coca-Cola in the fourth quarter worth $1,474,000. Gilbert & Cook Inc. grew its position in Coca-Cola by 5.6% in the 4th quarter. Gilbert & Cook Inc. now owns 15,971 shares of the company’s stock valued at $941,000 after buying an additional 841 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Coca-Cola by 9.0% during the 4th quarter. Van ECK Associates Corp now owns 686,695 shares of the company’s stock worth $40,467,000 after buying an additional 56,759 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its stake in shares of Coca-Cola by 0.9% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 43,420 shares of the company’s stock worth $2,559,000 after acquiring an additional 400 shares during the period. Finally, Penobscot Investment Management Company Inc. boosted its holdings in shares of Coca-Cola by 7.4% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 30,112 shares of the company’s stock valued at $1,775,000 after acquiring an additional 2,084 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In related news, EVP Nancy Quan sold 18,484 shares of Coca-Cola stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $15,968,095. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the transaction, the insider now owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 18,484 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $71.50, for a total transaction of $1,321,606.00. Following the completion of the sale, the executive vice president now owns 223,330 shares of the company’s stock, valued at $15,968,095. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,074,910 shares of company stock valued at $585,972,318. 0.97% of the stock is owned by insiders.

Coca-Cola Stock Up 0.6 %

Shares of KO stock traded up $0.42 on Friday, reaching $72.47. 18,624,227 shares of the company’s stock traded hands, compared to its average volume of 13,073,931. The business’s 50 day moving average price is $66.46 and its two-hundred day moving average price is $63.01. The company has a market capitalization of $312.20 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.80 and a beta of 0.59. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 1.08. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $72.57.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. On average, equities analysts forecast that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, September 13th. Coca-Cola’s dividend payout ratio (DPR) is currently 77.60%.

Wall Street Analysts Forecast Growth

KO has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on Coca-Cola from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Wells Fargo & Company lifted their target price on Coca-Cola from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Argus upped their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Coca-Cola from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.73.

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.