C WorldWide Group Holding A S Sells 4,206 Shares of The Coca-Cola Company (NYSE:KO)

C WorldWide Group Holding A S cut its position in shares of The Coca-Cola Company (NYSE:KO) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,515 shares of the company’s stock after selling 4,206 shares during the period. C WorldWide Group Holding A S’s holdings in Coca-Cola were worth $1,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Enterprise Bank & Trust Co raised its position in shares of Coca-Cola by 3.4% in the 4th quarter. Enterprise Bank & Trust Co now owns 5,021 shares of the company’s stock worth $296,000 after acquiring an additional 167 shares in the last quarter. Elk River Wealth Management LLC raised its position in shares of Coca-Cola by 1.6% in the 4th quarter. Elk River Wealth Management LLC now owns 10,838 shares of the company’s stock worth $639,000 after acquiring an additional 170 shares in the last quarter. KRS Capital Management LLC raised its position in shares of Coca-Cola by 3.8% in the 4th quarter. KRS Capital Management LLC now owns 4,645 shares of the company’s stock worth $274,000 after acquiring an additional 170 shares in the last quarter. Wayfinding Financial LLC raised its position in shares of Coca-Cola by 1.8% in the 4th quarter. Wayfinding Financial LLC now owns 9,734 shares of the company’s stock worth $573,000 after acquiring an additional 175 shares in the last quarter. Finally, John G Ullman & Associates Inc. raised its position in shares of Coca-Cola by 2.2% in the 4th quarter. John G Ullman & Associates Inc. now owns 8,081 shares of the company’s stock worth $476,000 after acquiring an additional 175 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the transaction, the executive vice president now owns 143,383 shares in the company, valued at $8,602,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Nancy Quan sold 57,368 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.87, for a total value of $3,491,990.16. Following the completion of the transaction, the executive vice president now directly owns 223,330 shares in the company, valued at $13,594,097.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Beatriz R. Perez sold 52,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the transaction, the executive vice president now owns 143,383 shares of the company’s stock, valued at $8,602,980. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Citigroup upped their target price on Coca-Cola from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Barclays upped their target price on Coca-Cola from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Coca-Cola has an average rating of “Moderate Buy” and a consensus target price of $67.22.

Coca-Cola Price Performance

Coca-Cola stock remained flat at $61.74 during trading hours on Friday. The company’s stock had a trading volume of 10,994,262 shares, compared to its average volume of 12,842,353. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The firm’s 50-day moving average price is $60.12 and its 200 day moving average price is $58.82. The firm has a market capitalization of $266.17 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59. The Coca-Cola Company has a twelve month low of $51.55 and a twelve month high of $64.69.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Coca-Cola had a return on equity of 42.50% and a net margin of 23.42%. The business had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts forecast that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.14%. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. Coca-Cola’s dividend payout ratio is currently 78.23%.

Coca-Cola Profile

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.