The Coca-Cola Company (NYSE:KO) Shares Sold by Courier Capital LLC

Courier Capital LLC decreased its holdings in The Coca-Cola Company (NYSE:KO) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,129 shares of the company’s stock after selling 2,134 shares during the period. Courier Capital LLC’s holdings in Coca-Cola were worth $1,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of KO. Westfield Capital Management Co. LP lifted its position in shares of Coca-Cola by 6.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 147,185 shares of the company’s stock worth $8,239,000 after purchasing an additional 9,129 shares during the last quarter. Cape Cod Five Cents Savings Bank lifted its position in Coca-Cola by 104.8% in the third quarter. Cape Cod Five Cents Savings Bank now owns 20,370 shares of the company’s stock valued at $1,140,000 after acquiring an additional 10,422 shares during the last quarter. CWA Asset Management Group LLC lifted its position in Coca-Cola by 8.9% in the third quarter. CWA Asset Management Group LLC now owns 7,882 shares of the company’s stock valued at $441,000 after acquiring an additional 644 shares during the last quarter. Teza Capital Management LLC lifted its position in Coca-Cola by 89.1% in the third quarter. Teza Capital Management LLC now owns 232,309 shares of the company’s stock valued at $13,005,000 after acquiring an additional 109,469 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Coca-Cola in the third quarter valued at $2,529,000. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now directly owns 167,107 shares in the company, valued at $10,358,962.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Coca-Cola news, EVP Beatriz R. Perez sold 57,298 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.99, for a total value of $3,551,903.02. Following the sale, the executive vice president now owns 167,107 shares of the company’s stock, valued at $10,358,962.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Quan sold 19,304 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $14,168,055.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 223,665 shares of company stock worth $13,995,465. 0.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KO shares. UBS Group boosted their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. BNP Paribas started coverage on shares of Coca-Cola in a research report on Monday, June 24th. They issued an “outperform” rating and a $72.00 price target for the company. Argus boosted their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Barclays upped their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley upped their target price on shares of Coca-Cola from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.83.

Coca-Cola Trading Down 0.4 %

Shares of Coca-Cola stock opened at $63.65 on Friday. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The company’s 50-day simple moving average is $62.72 and its 200-day simple moving average is $60.77. The firm has a market cap of $274.20 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 3.61 and a beta of 0.59.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 annualized dividend and a yield of 3.05%. Coca-Cola’s payout ratio is currently 77.60%.

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.