CocaCola Company (The) $KO Holdings Decreased by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL lowered its stake in CocaCola Company (The) (NYSE:KO) by 15.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 62,239 shares of the company’s stock after selling 11,650 shares during the quarter. CocaCola comprises about 1.9% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 16th biggest position. Birmingham Capital Management Co. Inc. AL’s holdings in CocaCola were worth $4,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. MorganRosel Wealth Management LLC acquired a new position in shares of CocaCola during the first quarter valued at approximately $25,000. 1248 Management LLC bought a new position in CocaCola during the 1st quarter valued at $26,000. Garde Capital Inc. acquired a new position in shares of CocaCola during the 1st quarter valued at $30,000. Ridgewood Investments LLC raised its stake in shares of CocaCola by 148.4% in the 1st quarter. Ridgewood Investments LLC now owns 477 shares of the company’s stock worth $34,000 after buying an additional 285 shares in the last quarter. Finally, GFG Capital LLC acquired a new stake in shares of CocaCola in the second quarter valued at $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of CocaCola stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider owned 209,513 shares in the company, valued at approximately $14,477,348.30. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BNP Paribas reaffirmed an “outperform” rating and set a $83.00 target price on shares of CocaCola in a report on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $76.00 target price on shares of CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their target price on shares of CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, UBS Group decreased their price target on shares of CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to MarketBeat, CocaCola has an average rating of “Buy” and an average price target of $76.69.

CocaCola Price Performance

KO stock opened at $68.45 on Monday. CocaCola Company has a one year low of $60.62 and a one year high of $74.38. The firm has a 50-day moving average of $67.84 and a two-hundred day moving average of $69.69. The firm has a market capitalization of $294.60 billion, a PE ratio of 24.27, a P/E/G ratio of 3.57 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49.

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

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.0%. CocaCola’s dividend payout ratio is presently 72.34%.

About CocaCola

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.