The Coca-Cola Company (NYSE:KO) Shares Sold by Capasso Planning Partners LLC

Capasso Planning Partners LLC reduced its stake in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 24.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,145 shares of the company’s stock after selling 3,620 shares during the quarter. Capasso Planning Partners LLC’s holdings in Coca-Cola were worth $691,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Curi Wealth Management LLC bought a new position in shares of Coca-Cola during the fourth quarter worth about $25,000. Nauset Wealth Management. LLC purchased a new stake in Coca-Cola during the 1st quarter valued at about $27,000. Shore Point Advisors LLC purchased a new stake in Coca-Cola in the 4th quarter worth approximately $28,000. Delos Wealth Advisors LLC increased its position in Coca-Cola by 4,770.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock valued at $29,000 after buying an additional 477 shares in the last quarter. Finally, Horan Securities Inc. purchased a new stake in Coca-Cola during the 4th quarter valued at $32,000. Institutional investors own 68.51% of the company’s stock.

Insider Activity at Coca-Cola

In related news, CEO James Quincey sold 32,000 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $64.09, for a total transaction of $2,050,880.00. Following the completion of the sale, the chief executive officer now directly owns 351,737 shares in the company, valued at approximately $22,542,824.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Coca-Cola news, CEO James Quincey sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $64.09, for a total transaction of $2,050,880.00. Following the sale, the chief executive officer now owns 351,737 shares in the company, valued at approximately $22,542,824.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carolyn Everson purchased 983 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average price of $62.29 per share, with a total value of $61,231.07. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at $93,435. The disclosure for this purchase can be found here. 0.98% of the stock is owned by corporate insiders.

Coca-Cola Trading Down 0.9 %

NYSE KO traded down $0.54 on Monday, hitting $62.84. The company’s stock had a trading volume of 201,055 shares, compared to its average volume of 18,006,545. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.48. The Coca-Cola Company has a 1-year low of $52.28 and a 1-year high of $67.20. The company’s 50-day moving average is $62.49 and its 200 day moving average is $62.42. The firm has a market cap of $271.76 billion, a PE ratio of 28.68, a PEG ratio of 4.01 and a beta of 0.53.

Coca-Cola (NYSE:KOGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The firm had revenue of $11.30 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts predict that The Coca-Cola Company will post 2.46 earnings per share for the current fiscal year.

Coca-Cola Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.76 annualized dividend and a yield of 2.80%. Coca-Cola’s dividend payout ratio is currently 79.64%.

Analysts Set New Price Targets

KO has been the topic of several research reports. Morgan Stanley cut their target price on Coca-Cola from $76.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Guggenheim lifted their price objective on shares of Coca-Cola from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. Barclays set a $74.00 price target on shares of Coca-Cola in a research note on Wednesday, April 27th. DZ Bank lowered shares of Coca-Cola from a “buy” rating to a “hold” rating and set a $69.00 price target for the company. in a research report on Thursday, April 28th. Finally, Credit Suisse Group set a $68.00 price target on shares of Coca-Cola in a research report on Wednesday, July 20th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.35.

About Coca-Cola

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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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