The Coca-Cola Company (NYSE:KO) Shares Sold by Cladis Investment Advisory LLC

Cladis Investment Advisory LLC lessened its holdings in The Coca-Cola Company (NYSE:KO) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,714 shares of the company’s stock after selling 1,398 shares during the period. Cladis Investment Advisory LLC’s holdings in Coca-Cola were worth $605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crowley Wealth Management Inc. purchased a new stake in shares of Coca-Cola in the fourth quarter worth about $27,000. Mainstream Capital Management LLC purchased a new stake in Coca-Cola during the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola during the fourth quarter worth approximately $37,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Coca-Cola in the fourth quarter worth $38,000. Finally, Hoey Investments Inc. raised its holdings in Coca-Cola by 41.9% in the fourth quarter. Hoey Investments Inc. now owns 613 shares of the company’s stock valued at $38,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KO shares. Morgan Stanley lifted their price objective on shares of Coca-Cola from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their target price on Coca-Cola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. DZ Bank raised shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, February 13th. Piper Sandler lifted their price objective on shares of Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, UBS Group raised their target price on Coca-Cola from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Buy” and an average target price of $75.59.

Coca-Cola Trading Up 1.0 %

Coca-Cola stock opened at $72.42 on Thursday. The company has a 50 day moving average price of $70.96 and a 200 day moving average price of $66.63. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 1.03. The Coca-Cola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The firm has a market capitalization of $311.66 billion, a price-to-earnings ratio of 29.32, a P/E/G ratio of 3.79 and a beta of 0.47.

Coca-Cola (NYSE:KO) last released its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue was down .7% compared to the same quarter last year. Research analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.82%. The ex-dividend date is Friday, June 13th. Coca-Cola’s dividend payout ratio is 81.60%.

Insider Transactions at Coca-Cola

In other Coca-Cola news, insider Nikolaos Koumettis sold 54,708 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total transaction of $3,882,079.68. Following the completion of the transaction, the insider now owns 246,909 shares of the company’s stock, valued at $17,520,662.64. The trade was a 18.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruno Pietracci sold 19,058 shares of Coca-Cola stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total value of $1,344,732.48. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock worth $22,263,071 in the last 90 days. 0.97% of the stock is owned by insiders.

About Coca-Cola

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.