The Coca-Cola Company (NYSE:KO) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. decreased its position in shares of The Coca-Cola Company (NYSE:KO) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,370 shares of the company’s stock after selling 34,520 shares during the period. Everence Capital Management Inc.’s holdings in Coca-Cola were worth $5,208,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC acquired a new stake in Coca-Cola in the 3rd quarter valued at about $25,000. Freedom Wealth Alliance LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth about $25,000. ZRC Wealth Management LLC raised its position in shares of Coca-Cola by 213.3% during the 4th quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Coca-Cola during the 4th quarter worth about $30,000. Finally, KB Financial Partners LLC acquired a new stake in shares of Coca-Cola during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Stock Performance

NYSE:KO traded down $0.08 during mid-day trading on Tuesday, reaching $58.06. 11,231,536 shares of the stock were exchanged, compared to its average volume of 13,761,098. The company has a 50 day simple moving average of $60.01 and a 200-day simple moving average of $58.51. The stock has a market capitalization of $250.31 billion, a P/E ratio of 23.45, a P/E/G ratio of 3.31 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.99.

Coca-Cola (NYSE:KO) last announced its 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 company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Analysts anticipate that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.485 dividend. This is an increase from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s dividend payout ratio (DPR) is 78.23%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup raised their target price on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Barclays raised their target price on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their target price on Coca-Cola from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Coca-Cola presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.18.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 18,551 shares of Coca-Cola stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Bruno Pietracci sold 18,551 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $59.41, for a total value of $1,102,114.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Beatriz R. Perez sold 52,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total value of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares of the company’s stock, valued at $8,602,980. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,407 shares of company stock worth $22,795,742. 0.97% of the stock is currently 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.