Mark Sheptoff Financial Planning LLC Decreases Position in The Coca-Cola Company (NYSE:KO)

Mark Sheptoff Financial Planning LLC lessened its position in The Coca-Cola Company (NYSE:KO) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,926 shares of the company’s stock after selling 1,280 shares during the period. Coca-Cola comprises 1.0% of Mark Sheptoff Financial Planning LLC’s portfolio, making the stock its 22nd largest holding. Mark Sheptoff Financial Planning LLC’s holdings in Coca-Cola were worth $1,841,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. boosted its position in shares of Coca-Cola by 5.6% during the fourth quarter. Gilbert & Cook Inc. now owns 15,971 shares of the company’s stock valued at $941,000 after buying an additional 841 shares during the last quarter. Accretive Wealth Partners LLC lifted its stake in Coca-Cola by 1.4% during the 4th quarter. Accretive Wealth Partners LLC now owns 25,843 shares of the company’s stock valued at $1,523,000 after acquiring an additional 351 shares during the period. Aveo Capital Partners LLC boosted its holdings in shares of Coca-Cola by 13.9% during the 4th quarter. Aveo Capital Partners LLC now owns 9,709 shares of the company’s stock valued at $572,000 after acquiring an additional 1,182 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of Coca-Cola by 72.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 17,973 shares of the company’s stock valued at $1,034,000 after acquiring an additional 7,521 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of Coca-Cola by 10.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 8,604 shares of the company’s stock worth $507,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Transactions at Coca-Cola

In related news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coca-Cola news, CEO James Quincey sold 102,533 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.02, for a total transaction of $7,179,360.66. Following the completion of the transaction, the chief executive officer now owns 442,546 shares of the company’s stock, valued at approximately $30,987,070.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the transaction, the insider now owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The disclosure for this sale can be found here. Insiders sold a total of 974,715 shares of company stock valued at $579,704,927 over the last 90 days. Company insiders own 0.97% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Coca-Cola from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Citigroup increased their price target on Coca-Cola from $72.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. StockNews.com lowered Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola from $64.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley boosted their price target on Coca-Cola from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.07.

Coca-Cola Price Performance

NYSE KO opened at $71.76 on Thursday. The stock has a market cap of $309.14 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 3.93 and a beta of 0.60. The Coca-Cola Company has a 12 month low of $51.55 and a 12 month high of $73.53. The company’s 50 day moving average is $68.83 and its two-hundred day moving average is $64.18. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.39.

Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The firm had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $11.78 billion. Coca-Cola had a net margin of 22.92% and a return on equity of 43.62%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS. As a group, research analysts anticipate that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.485 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.94 annualized dividend and a dividend yield of 2.70%. Coca-Cola’s payout ratio is 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.