Notis McConarty Edward Decreases Position in The Coca-Cola Company (NYSE:KO)

Notis McConarty Edward trimmed its holdings in shares of The Coca-Cola Company (NYSE:KO) by 35.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,832 shares of the company’s stock after selling 2,668 shares during the period. Notis McConarty Edward’s holdings in Coca-Cola were worth $301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pioneer Trust Bank N A OR boosted its holdings in Coca-Cola by 5.3% during the 4th quarter. Pioneer Trust Bank N A OR now owns 13,567 shares of the company’s stock valued at $845,000 after acquiring an additional 687 shares during the period. Orion Investment Co grew its holdings in shares of Coca-Cola by 19.7% in the fourth quarter. Orion Investment Co now owns 6,083 shares of the company’s stock worth $379,000 after purchasing an additional 1,000 shares during the last quarter. Prudential PLC increased its stake in shares of Coca-Cola by 7.1% in the fourth quarter. Prudential PLC now owns 72,074 shares of the company’s stock worth $4,487,000 after buying an additional 4,761 shares during the period. Landscape Capital Management L.L.C. raised its holdings in Coca-Cola by 159.4% during the 4th quarter. Landscape Capital Management L.L.C. now owns 30,975 shares of the company’s stock valued at $1,929,000 after buying an additional 19,036 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC boosted its position in Coca-Cola by 9.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 6,758 shares of the company’s stock valued at $421,000 after buying an additional 603 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Transactions at Coca-Cola

In other Coca-Cola news, EVP Lisa Chang sold 13,445 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $71.50, for a total transaction of $961,317.50. Following the completion of the sale, the executive vice president now directly owns 94,676 shares in the company, valued at approximately $6,769,334. The trade was a 12.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Henrique Braun sold 25,277 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.47, for a total value of $1,806,547.19. Following the completion of the transaction, the chief operating officer now owns 52,466 shares in the company, valued at approximately $3,749,745.02. This trade represents a 32.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,423 shares of company stock worth $22,263,071 over the last quarter. 0.97% of the stock is currently owned by insiders.

Coca-Cola Price Performance

KO opened at $69.87 on Friday. The firm has a market cap of $300.67 billion, a PE ratio of 28.29, a P/E/G ratio of 3.79 and a beta of 0.57. The stock has a 50-day moving average price of $68.72 and a 200-day moving average price of $66.45. The Coca-Cola Company has a 1 year low of $57.93 and a 1 year high of $73.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.03 and a quick ratio of 0.84.

Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Sell-side analysts predict that The Coca-Cola Company will post 2.96 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.51 dividend. This is a positive change from Coca-Cola’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.92%. Coca-Cola’s dividend payout ratio (DPR) is presently 82.59%.

Analysts Set New Price Targets

Several equities analysts have recently commented on KO shares. Barclays reaffirmed an “overweight” rating on shares of Coca-Cola in a research note on Thursday, March 27th. Piper Sandler upped their price target on Coca-Cola from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and upped their target price for the company from $68.00 to $70.00 in a report on Thursday, December 12th. Finally, UBS Group lifted their price target on shares of Coca-Cola from $72.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.24.

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.