M&R Capital Management Inc. Sells 1,150 Shares of The Coca-Cola Company (NYSE:KO)

M&R Capital Management Inc. trimmed its holdings in The Coca-Cola Company (NYSE:KO) by 2.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 52,775 shares of the company’s stock after selling 1,150 shares during the quarter. Coca-Cola comprises approximately 0.8% of M&R Capital Management Inc.’s portfolio, making the stock its 29th biggest position. M&R Capital Management Inc.’s holdings in Coca-Cola were worth $3,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its position in Coca-Cola by 134.4% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,746 shares of the company’s stock valued at $515,000 after purchasing an additional 5,015 shares during the period. HighPoint Advisor Group LLC purchased a new position in Coca-Cola in the fourth quarter worth about $4,577,000. Fairman Group LLC purchased a new position in shares of Coca-Cola in the fourth quarter worth approximately $85,000. Livelsberger Financial Advisory bought a new stake in shares of Coca-Cola during the 4th quarter valued at $139,000. Finally, Warren Street Wealth Advisors LLC bought a new stake in Coca-Cola during the fourth quarter valued at about $225,000. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KO. Barclays upped their price target on shares of Coca-Cola from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Evercore ISI increased their price target on Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. UBS Group boosted their price objective on Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. StockNews.com cut Coca-Cola from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Morgan Stanley boosted their price target on Coca-Cola from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.55.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, EVP Monica Howard Douglas sold 8,874 shares of Coca-Cola stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 33,638 shares of the company’s stock, valued at $2,129,621.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Nancy Quan sold 19,304 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.44, for a total transaction of $1,224,645.76. Following the completion of the sale, the executive vice president now directly owns 223,330 shares of the company’s stock, valued at approximately $14,168,055.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Monica Howard Douglas sold 8,874 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $63.31, for a total value of $561,812.94. Following the transaction, the executive vice president now owns 33,638 shares of the company’s stock, valued at approximately $2,129,621.78. The disclosure for this sale can be found here. Insiders have sold a total of 142,774 shares of company stock worth $8,952,720 over the last ninety days. Company insiders own 0.97% of the company’s stock.

Coca-Cola Price Performance

Shares of KO traded down $0.06 during mid-day trading on Tuesday, hitting $62.56. 4,547,877 shares of the stock were exchanged, compared to its average volume of 12,997,317. The firm has a 50-day moving average of $61.92 and a two-hundred day moving average of $60.51. The Coca-Cola Company has a 52-week low of $51.55 and a 52-week high of $64.36. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 1.04. The company has a market cap of $269.51 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.53 and a beta of 0.59.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The business had revenue of $11.30 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same quarter last year, the business earned $0.68 earnings per share. Coca-Cola’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that The Coca-Cola Company will post 2.82 earnings per share for the current year.

Coca-Cola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.10%. Coca-Cola’s dividend payout ratio (DPR) is presently 77.60%.

Coca-Cola Company 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.