The Coca-Cola Co (KO) Shares Sold by HM Payson & Co.

HM Payson & Co. reduced its stake in shares of The Coca-Cola Co (NYSE:KO) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,450 shares of the company’s stock after selling 6,946 shares during the period. HM Payson & Co.’s holdings in The Coca-Cola were worth $7,447,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KO. Meeder Asset Management Inc. boosted its holdings in The Coca-Cola by 59.4% in the second quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after purchasing an additional 1,026 shares in the last quarter. Legacy Advisors LLC bought a new stake in The Coca-Cola in the third quarter worth $139,000. Almanack Investment Partners LLC. bought a new stake in The Coca-Cola in the second quarter worth $142,000. Perkins Coie Trust Co boosted its holdings in The Coca-Cola by 21.9% in the second quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. boosted its holdings in The Coca-Cola by 102.2% in the third quarter. Shine Investment Advisory Services Inc. now owns 3,185 shares of the company’s stock worth $143,000 after purchasing an additional 1,610 shares in the last quarter. Institutional investors and hedge funds own 65.30% of the company’s stock.

A number of brokerages recently issued reports on KO. Goldman Sachs Group set a $45.00 price objective on shares of The Coca-Cola and gave the stock a “sell” rating in a report on Wednesday, November 15th. Susquehanna Bancshares set a $45.00 price objective on shares of The Coca-Cola and gave the stock a “hold” rating in a report on Wednesday, December 20th. JPMorgan Chase & Co. set a $49.00 price objective on shares of The Coca-Cola and gave the stock a “neutral” rating in a report on Thursday, November 16th. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price for the company in a research report on Monday, December 11th. Finally, Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.01.

The Coca-Cola Co (NYSE:KO) opened at $46.15 on Friday. The company has a market cap of $196,630.00, a PE ratio of 43.95, a PEG ratio of 3.69 and a beta of 0.70. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The Coca-Cola Co has a 52-week low of $40.22 and a 52-week high of $47.48.

The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion during the quarter, compared to analyst estimates of $8.73 billion. The Coca-Cola had a net margin of 12.20% and a return on equity of 36.21%. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. sell-side analysts forecast that The Coca-Cola Co will post 1.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Thursday, November 30th. The Coca-Cola’s dividend payout ratio is currently 140.95%.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.51% of the stock is currently owned by corporate insiders.

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About The Coca-Cola

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 The Coca-Cola (NYSE:KO)

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