The Coca-Cola Company (NYSE:KO) Shares Sold by Ignite Planners LLC

Ignite Planners LLC decreased its position in shares of The Coca-Cola Company (NYSE:KOGet Rating) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,180 shares of the company’s stock after selling 5,938 shares during the period. Coca-Cola accounts for 2.1% of Ignite Planners LLC’s investment portfolio, making the stock its 6th biggest holding. Ignite Planners LLC’s holdings in Coca-Cola were worth $2,528,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. HB Wealth Management LLC increased its holdings in Coca-Cola by 8.6% in the second quarter. HB Wealth Management LLC now owns 393,326 shares of the company’s stock valued at $24,744,000 after purchasing an additional 31,142 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Coca-Cola by 14.0% during the second quarter. Ritholtz Wealth Management now owns 41,143 shares of the company’s stock worth $2,588,000 after purchasing an additional 5,040 shares during the period. Gilman Hill Asset Management LLC grew its holdings in shares of Coca-Cola by 12.5% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 12,277 shares of the company’s stock worth $772,000 after purchasing an additional 1,365 shares in the last quarter. Acropolis Investment Management LLC lifted its position in Coca-Cola by 15.2% during the second quarter. Acropolis Investment Management LLC now owns 9,375 shares of the company’s stock worth $590,000 after purchasing an additional 1,235 shares during the period. Finally, Five Oceans Advisors lifted its holdings in shares of Coca-Cola by 34.1% in the second quarter. Five Oceans Advisors now owns 6,796 shares of the company’s stock worth $428,000 after acquiring an additional 1,729 shares during the last quarter. Institutional investors and hedge funds own 68.93% of the company’s stock.

Analyst Upgrades and Downgrades

KO has been the subject of several recent analyst reports. StockNews.com raised shares of Coca-Cola from a “hold” rating to a “buy” rating in a research report on Saturday, August 6th. JPMorgan Chase & Co. set a $70.00 target price on shares of Coca-Cola in a research note on Tuesday, July 26th. UBS Group raised their price objective on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Royal Bank of Canada set a $69.00 target price on shares of Coca-Cola in a research report on Tuesday, July 26th. Finally, HSBC increased their price objective on Coca-Cola from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $69.59.

Insider Buying and Selling

In other news, CEO James Quincey sold 32,000 shares of Coca-Cola stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $64.09, for a total value of $2,050,880.00. Following the transaction, the chief executive officer now directly owns 351,737 shares of the company’s stock, valued at approximately $22,542,824.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coca-Cola news, CEO James Quincey sold 32,000 shares of Coca-Cola stock in a transaction that occurred on Thursday, July 28th. The stock was 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 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 through the SEC website. Also, insider Henrique Braun sold 11,318 shares of Coca-Cola stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $64.35, for a total value of $728,313.30. Following the sale, the insider now owns 22,828 shares in the company, valued at $1,468,981.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,830 shares of company stock worth $2,939,961. 0.98% of the stock is owned by corporate insiders.

Coca-Cola Price Performance

Shares of NYSE KO traded down $0.68 during trading on Friday, hitting $58.58. The company had a trading volume of 246,631 shares, compared to its average volume of 12,330,705. The stock has a fifty day simple moving average of $62.58 and a two-hundred day simple moving average of $62.67. 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 firm has a market capitalization of $253.34 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54. The Coca-Cola Company has a fifty-two week low of $52.28 and a fifty-two week high of $67.20.

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

Coca-Cola Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, September 15th. Coca-Cola’s dividend payout ratio is presently 79.64%.

Coca-Cola Company 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.

Further Reading

Institutional Ownership by Quarter for Coca-Cola (NYSE:KO)

Receive News & Ratings for Coca-Cola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola and related companies with MarketBeat.com's FREE daily email newsletter.