Peoples Financial Services CORP. Has $2.10 Million Stake in Coca-Cola Company (The) (KO)

Peoples Financial Services CORP. lowered its stake in shares of Coca-Cola Company (The) (NYSE:KO) by 17.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,476 shares of the company’s stock after selling 10,371 shares during the period. Coca-Cola Company (The) makes up approximately 1.3% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 22nd largest position. Peoples Financial Services CORP.’s holdings in Coca-Cola Company (The) were worth $2,099,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Portfolio Solutions LLC bought a new position in Coca-Cola Company (The) during the first quarter worth $108,000. Welch Investments LLC acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $115,000. Barnett & Company Inc. boosted its stake in shares of Coca-Cola Company (The) by 27.7% in the third quarter. Barnett & Company Inc. now owns 2,837 shares of the company’s stock worth $120,000 after buying an additional 616 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $127,000. Finally, Cascade Investment Advisors Inc. acquired a new stake in shares of Coca-Cola Company (The) during the fourth quarter worth approximately $128,000. Hedge funds and other institutional investors own 64.64% of the company’s stock.

Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

Coca-Cola Company (NYSE:KO) traded up 0.15% during mid-day trading on Monday, hitting $45.38. 7,624,663 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $44.54 and its 200-day moving average price is $42.52. Coca-Cola Company has a one year low of $39.88 and a one year high of $46.06. The stock has a market cap of $193.89 billion, a PE ratio of 31.94 and a beta of 0.70.

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Tuesday, April 25th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.85 billion. Coca-Cola Company (The) had a return on equity of 33.17% and a net margin of 15.30%. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. On average, analysts forecast that Coca-Cola Company will post $1.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. Coca-Cola Company (The)’s payout ratio is currently 103.50%.

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KO has been the topic of several research reports. Wells Fargo & Company restated a “market perform” rating on shares of Coca-Cola Company (The) in a research report on Monday, March 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $46.00 target price on shares of Coca-Cola Company (The) in a report on Wednesday, April 26th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $48.00 target price on shares of Coca-Cola Company (The) in a report on Monday, April 10th. Barclays PLC set a $43.00 target price on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a research note on Monday, March 13th. Finally, Morgan Stanley set a $45.00 price target on shares of Coca-Cola Company (The) and gave the company a “neutral” rating in a research report on Monday, May 29th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.72.

In other news, insider Brian John Smith sold 87,800 shares of Coca-Cola Company (The) stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $43.43, for a total value of $3,813,154.00. Following the completion of the transaction, the insider now owns 149,185 shares in the company, valued at approximately $6,479,104.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider J Alexander Douglas, Jr. sold 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $43.25, for a total value of $951,500.00. Following the transaction, the insider now owns 319,436 shares of the company’s stock, valued at approximately $13,815,607. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 493,228 shares of company stock worth $22,024,770. Company insiders own 1.51% of the company’s stock.

Coca-Cola Company (The) Company Profile

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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