The Coca-Cola Company (NYSE:KO) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 67.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,008 shares of the company’s stock after selling 12,198 shares during the quarter. WINTON GROUP Ltd’s holdings in Coca-Cola were worth $382,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of KO. Tidemark LLC bought a new stake in Coca-Cola in the fourth quarter worth about $26,000. New Millennium Group LLC bought a new stake in Coca-Cola in the second quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new stake in Coca-Cola in the first quarter worth about $28,000. ESL Trust Services LLC bought a new stake in Coca-Cola in the first quarter worth about $28,000. Finally, Frazier Financial Advisors LLC bought a new stake in Coca-Cola in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KO shares. Citigroup boosted their price objective on Coca-Cola from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley boosted their price objective on Coca-Cola from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, August 27th. Barclays boosted their price objective on Coca-Cola from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. StockNews.com downgraded Coca-Cola from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Wells Fargo & Company boosted their price objective on Coca-Cola from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and twelve have assigned 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 target price of $71.07.

Insider Activity

In related news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the transaction, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola stock in a transaction 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 completion of the transaction, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 18,482 shares of Coca-Cola stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $68.95, for a total value of $1,274,333.90. Following the transaction, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at $15,398,603.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 974,715 shares of company stock valued at $579,704,927. 0.97% of the stock is owned by company insiders.

Coca-Cola Stock Down 0.1 %

Shares of Coca-Cola stock opened at $71.76 on Thursday. The stock has a market capitalization of $309.14 billion, a P/E ratio of 28.70, a PEG ratio of 3.93 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average price of $68.83 and a two-hundred day moving average price of $64.18. The Coca-Cola Company has a 12-month low of $51.55 and a 12-month high of $73.53.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.78 billion. Coca-Cola had a return on equity of 43.62% and a net margin of 22.92%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. Equities analysts expect that The Coca-Cola Company will post 2.85 earnings per share for the current year.

Coca-Cola Dividend Announcement

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 dividend 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.