Coca-Cola Company (The) (NYSE:KO) Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles decreased its position in Coca-Cola Company (The) (NYSE:KO) by 14.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,650 shares of the company’s stock after selling 3,950 shares during the period. Hoertkorn Richard Charles’ holdings in Coca-Cola Company (The) were worth $1,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwest Quadrant Wealth Management LLC bought a new stake in Coca-Cola Company (The) during the fourth quarter worth $198,000. Exchange Capital Management Inc. raised its stake in Coca-Cola Company (The) by 2.9% in the fourth quarter. Exchange Capital Management Inc. now owns 19,426 shares of the company’s stock worth $805,000 after buying an additional 543 shares in the last quarter. Monetary Management Group Inc. raised its stake in Coca-Cola Company (The) by 5.8% in the fourth quarter. Monetary Management Group Inc. now owns 11,025 shares of the company’s stock worth $457,000 after buying an additional 600 shares in the last quarter. Credit Agricole S A raised its stake in Coca-Cola Company (The) by 3.2% in the fourth quarter. Credit Agricole S A now owns 4,411,584 shares of the company’s stock worth $182,904,000 after buying an additional 135,541 shares in the last quarter. Finally, Citizens & Northern Corp raised its stake in Coca-Cola Company (The) by 3.8% in the fourth quarter. Citizens & Northern Corp now owns 30,824 shares of the company’s stock worth $1,278,000 after buying an additional 1,134 shares in the last quarter. Institutional investors own 63.94% of the company’s stock.

Shares of Coca-Cola Company (NYSE:KO) opened at 44.73 on Tuesday. The firm has a market cap of $191.11 billion, a P/E ratio of 31.48 and a beta of 0.69. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $46.06. The stock’s 50 day moving average is $44.99 and its 200 day moving average is $42.80.

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 company had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.85 billion. Coca-Cola Company (The) had a return on equity of 33.17% and a net margin of 15.30%. Coca-Cola Company (The)’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. On average, equities research analysts predict that Coca-Cola Company will post $1.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, June 13th. Coca-Cola Company (The)’s payout ratio is currently 103.50%.

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A number of analysts have recently weighed in on KO shares. J P Morgan Chase & Co started coverage on Coca-Cola Company (The) in a research report on Tuesday, March 21st. They set a “neutral” rating and a $43.00 price objective on the stock. Credit Suisse Group raised Coca-Cola Company (The) from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $44.00 to $49.00 in a research report on Wednesday, April 19th. Zacks Investment Research lowered Coca-Cola Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Coca-Cola Company (The) in a research report on Monday, March 27th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $48.00 price objective on shares of Coca-Cola Company (The) in a research report on Monday, April 10th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $45.17.

In related news, insider J Alexander Douglas, Jr. sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $43.25, for a total transaction of $951,500.00. Following the completion of the sale, the insider now owns 319,436 shares of the company’s stock, valued at approximately $13,815,607. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Beatriz R. Perez sold 29,282 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $45.20, for a total transaction of $1,323,546.40. Following the sale, the insider now directly owns 118,000 shares of the company’s stock, valued at approximately $5,333,600. The disclosure for this sale can be found here. Insiders sold a total of 493,228 shares of company stock valued at $22,024,770 in the last three months. 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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Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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