Beacon Investment Advisors LLC Reduces Position in The Coca-Cola Company (NYSE:KO)

Beacon Investment Advisors LLC cut its position in The Coca-Cola Company (NYSE:KOFree Report) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 22,893 shares of the company’s stock after selling 815 shares during the quarter. Beacon Investment Advisors LLC’s holdings in Coca-Cola were worth $1,349,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KO. Morgan Stanley grew its position in shares of Coca-Cola by 2.5% in the 3rd quarter. Morgan Stanley now owns 80,448,083 shares of the company’s stock valued at $4,503,484,000 after buying an additional 1,950,146 shares during the last quarter. Norges Bank acquired a new stake in Coca-Cola during the 4th quarter worth $2,808,056,000. Northern Trust Corp boosted its stake in Coca-Cola by 4.8% during the 3rd quarter. Northern Trust Corp now owns 44,913,068 shares of the company’s stock worth $2,514,234,000 after purchasing an additional 2,040,664 shares during the period. Invesco Ltd. boosted its stake in Coca-Cola by 8.2% during the 3rd quarter. Invesco Ltd. now owns 25,845,340 shares of the company’s stock worth $1,446,822,000 after purchasing an additional 1,963,963 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Coca-Cola by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,171,216 shares of the company’s stock worth $894,028,000 after purchasing an additional 814,779 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Henrique Braun sold 57,298 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $63.08, for a total value of $3,614,357.84. Following the sale, the executive vice president now directly owns 52,466 shares of the company’s stock, valued at $3,309,555.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coca-Cola news, EVP Henrique Braun sold 57,298 shares of Coca-Cola stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $63.08, for a total transaction of $3,614,357.84. Following the transaction, the executive vice president now directly owns 52,466 shares of the company’s stock, valued at $3,309,555.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $63.31, for a total transaction of $561,812.94. Following the transaction, the executive vice president now directly owns 33,638 shares in the company, valued at $2,129,621.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,838 shares of company stock valued at $11,220,064. Insiders own 0.97% of the company’s stock.

Coca-Cola Trading Down 0.4 %

Shares of NYSE KO traded down $0.24 during midday trading on Friday, reaching $63.91. 9,523,089 shares of the stock were exchanged, compared to its average volume of 10,011,966. The company has a market capitalization of $275.32 billion, a P/E ratio of 25.57, a P/E/G ratio of 3.62 and a beta of 0.59. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average price of $61.53 and a 200-day moving average price of $60.28.

Coca-Cola (NYSE:KOGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.01 billion. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. Equities research analysts expect that The Coca-Cola Company will post 2.82 earnings per share for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 3.04%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Argus increased their price target on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. StockNews.com downgraded shares of Coca-Cola from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Barclays increased their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.09.

View Our Latest Research Report on KO

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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