Tompkins Financial Corp Sells 500 Shares of The Coca-Cola Company (NYSE:KO)

Tompkins Financial Corp decreased its holdings in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,551 shares of the company’s stock after selling 500 shares during the period. Tompkins Financial Corp’s holdings in Coca-Cola were worth $3,054,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KO. Nauset Wealth Management. LLC bought a new stake in shares of Coca-Cola during the first quarter valued at approximately $27,000. Delos Wealth Advisors LLC increased its position in shares of Coca-Cola by 4,770.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares in the last quarter. Carl Stuart Investment Advisor Inc. bought a new stake in shares of Coca-Cola during the first quarter valued at approximately $34,000. Hillsdale Investment Management Inc. bought a new stake in shares of Coca-Cola during the first quarter valued at approximately $35,000. Finally, Rational Advisors LLC bought a new stake in shares of Coca-Cola during the first quarter valued at approximately $37,000. Institutional investors own 68.93% of the company’s stock.

Insider Activity at Coca-Cola

In other news, Director Carolyn Everson purchased 983 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were bought at an average cost of $62.29 per share, for a total transaction of $61,231.07. Following the acquisition, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,435. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carolyn Everson acquired 983 shares of the stock in a transaction on Wednesday, July 27th. The stock was bought at an average cost of $62.29 per share, with a total value of $61,231.07. Following the transaction, the director now directly owns 1,500 shares in the company, valued at $93,435. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kathy Loveless sold 2,512 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,768.00. Following the completion of the sale, the vice president now directly owns 1,370 shares of the company’s stock, valued at $87,680. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,830 shares of company stock worth $2,939,961. Insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KO. HSBC raised their price target on shares of Coca-Cola from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. JPMorgan Chase & Co. set a $70.00 target price on shares of Coca-Cola in a research report on Tuesday, July 26th. Credit Suisse Group set a $68.00 target price on shares of Coca-Cola in a research report on Wednesday, July 20th. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research report on Tuesday, July 26th. Finally, UBS Group lifted their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.59.

Coca-Cola Price Performance

Shares of Coca-Cola stock traded up $0.13 during trading hours on Thursday, reaching $59.53. The company’s stock had a trading volume of 470,489 shares, compared to its average volume of 11,964,675. The firm has a 50 day moving average price of $62.64 and a 200-day moving average price of $62.68. The Coca-Cola Company has a one year low of $52.28 and a one year high of $67.20. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market cap of $257.45 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.79 and a beta of 0.54.

Coca-Cola (NYSE:KOGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $10.57 billion. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. On average, analysts predict that The Coca-Cola Company will post 2.46 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 annualized dividend and a yield of 2.96%. Coca-Cola’s payout ratio is 79.64%.

Coca-Cola Profile

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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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