Capital Investment Advisors LLC Sells 11,361 Shares of The Coca-Cola Company (NYSE:KO)

Capital Investment Advisors LLC trimmed its position in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 436,959 shares of the company’s stock after selling 11,361 shares during the quarter. Capital Investment Advisors LLC’s holdings in Coca-Cola were worth $27,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KO. Curi Wealth Management LLC bought a new position in Coca-Cola in the 4th quarter worth $25,000. Shore Point Advisors LLC bought a new position in Coca-Cola in the 4th quarter worth $28,000. Delos Wealth Advisors LLC raised its holdings in Coca-Cola by 4,770.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after purchasing an additional 477 shares during the period. Horan Securities Inc. bought a new position in Coca-Cola in the 4th quarter worth $32,000. Finally, Leverty Financial Group LLC bought a new position in Coca-Cola in the 4th quarter worth $35,000. 68.51% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Beatriz R. Perez sold 143,924 shares of the business’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $64.78, for a total value of $9,323,396.72. Following the completion of the transaction, the senior vice president now directly owns 121,178 shares of the company’s stock, valued at approximately $7,849,910.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jennifer K. Mann sold 43,636 shares of the business’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $63.81, for a total value of $2,784,413.16. Following the completion of the transaction, the senior vice president now directly owns 66,245 shares of the company’s stock, valued at $4,227,093.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 412,161 shares of company stock valued at $26,786,278. Corporate insiders own 0.98% of the company’s stock.

A number of equities research analysts have issued reports on the company. DZ Bank lowered Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 price target for the company. in a research note on Thursday, April 28th. Cowen increased their price target on Coca-Cola from $65.00 to $68.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 26th. Credit Suisse Group set a $68.00 price target on Coca-Cola in a research note on Friday, May 13th. JPMorgan Chase & Co. increased their price target on Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 30th. Finally, Royal Bank of Canada increased their price target on Coca-Cola from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 26th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.05.

Coca-Cola stock opened at $61.15 on Thursday. The company has a 50 day moving average price of $63.44 and a 200-day moving average price of $61.45. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.18. The Coca-Cola Company has a fifty-two week low of $52.28 and a fifty-two week high of $67.20. The company has a market capitalization of $265.09 billion, a PE ratio of 25.69, a P/E/G ratio of 3.52 and a beta of 0.58.

Coca-Cola (NYSE:KOGet Rating) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.06. Coca-Cola had a net margin of 25.69% and a return on equity of 41.84%. The firm had revenue of $10.50 billion during the quarter, compared to the consensus estimate of $9.83 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. On average, analysts forecast that The Coca-Cola Company will post 2.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, June 14th. Coca-Cola’s payout ratio is 73.95%.

Coca-Cola Profile (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. 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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