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

Founders Capital Management LLC cut its stake in shares of The Coca-Cola Company (NYSE:KOFree Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,259 shares of the company’s stock after selling 1,466 shares during the quarter. Coca-Cola makes up 1.7% of Founders Capital Management LLC’s portfolio, making the stock its 16th largest holding. Founders Capital Management LLC’s holdings in Coca-Cola were worth $8,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in KO. Hibernia Wealth Partners LLC bought a new position in Coca-Cola during the 3rd quarter valued at $25,000. Freedom Wealth Alliance LLC bought a new position in Coca-Cola during the 4th quarter valued at $25,000. ZRC Wealth Management LLC boosted its stake in Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Coca-Cola during the 4th quarter valued at $30,000. Finally, KB Financial Partners LLC acquired a new stake in shares of Coca-Cola during the 1st quarter valued at $31,000. 70.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays increased their target price on Coca-Cola from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Citigroup increased their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. increased their price objective on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Get Our Latest Research Report on Coca-Cola

Insider Activity at Coca-Cola

In related news, EVP Beatriz R. Perez sold 52,300 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the sale, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at approximately $8,602,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Coca-Cola news, CEO James Quincey sold 247,188 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $26,968,753.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the transaction, the executive vice president now owns 143,383 shares in the company, valued at approximately $8,602,980. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock valued at $22,795,742 over the last quarter. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

KO traded down $0.53 during midday trading on Tuesday, reaching $60.15. 12,838,232 shares of the company’s stock were exchanged, compared to its average volume of 14,135,731. The Coca-Cola Company has a one year low of $51.55 and a one year high of $64.99. The business has a 50-day simple moving average of $60.13 and a two-hundred day simple moving average of $58.38. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $259.32 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 3.47 and a beta of 0.59.

Coca-Cola (NYSE:KOGet Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The company had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. Coca-Cola’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that The Coca-Cola Company will post 2.81 EPS for the current year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.485 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio (DPR) is currently 78.23%.

Coca-Cola Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

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