Community Bank N.A. Sells 4,070 Shares of CocaCola Company (The) $KO

Community Bank N.A. cut its stake in shares of CocaCola Company (The) (NYSE:KO) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,063 shares of the company’s stock after selling 4,070 shares during the period. Community Bank N.A.’s holdings in CocaCola were worth $6,584,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. NorthRock Partners LLC lifted its stake in CocaCola by 4.4% during the 2nd quarter. NorthRock Partners LLC now owns 50,458 shares of the company’s stock valued at $3,595,000 after acquiring an additional 2,141 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in CocaCola by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 334,695 shares of the company’s stock valued at $23,680,000 after acquiring an additional 2,000 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in CocaCola by 1.8% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 17,656 shares of the company’s stock valued at $1,220,000 after acquiring an additional 312 shares in the last quarter. Concord Asset Management LLC VA lifted its stake in CocaCola by 5.6% during the 2nd quarter. Concord Asset Management LLC VA now owns 61,457 shares of the company’s stock valued at $4,348,000 after acquiring an additional 3,250 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. lifted its stake in CocaCola by 31.7% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 4,507 shares of the company’s stock valued at $319,000 after acquiring an additional 1,084 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

CocaCola Trading Down 0.4%

Shares of CocaCola stock opened at $66.76 on Tuesday. CocaCola Company has a 52-week low of $60.62 and a 52-week high of $74.38. The stock’s 50-day simple moving average is $68.01 and its 200 day simple moving average is $69.82. The stock has a market capitalization of $287.29 billion, a P/E ratio of 23.67, a P/E/G ratio of 3.49 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.55 earnings per share (EPS) for the quarter. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The business had revenue of $11.40 billion for the quarter. As a group, research analysts anticipate that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, September 15th. CocaCola’s payout ratio is currently 72.34%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KO. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. UBS Group lowered their target price on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. BNP Paribas reiterated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the stock an “outperform” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $76.93.

Insider Transactions at CocaCola

In related news, insider Nikolaos Koumettis sold 37,396 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

CocaCola 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.