Coho Partners Ltd. Sells 206,186 Shares of CocaCola Company (The) $KO

Coho Partners Ltd. lessened its stake in shares of CocaCola Company (The) (NYSE:KO) by 42.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 274,439 shares of the company’s stock after selling 206,186 shares during the period. CocaCola accounts for about 2.3% of Coho Partners Ltd.’s investment portfolio, making the stock its 24th biggest holding. Coho Partners Ltd.’s holdings in CocaCola were worth $18,201,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KO. Brighton Jones LLC grew its stake in shares of CocaCola by 13.3% during the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock valued at $2,433,000 after acquiring an additional 4,591 shares during the period. Revolve Wealth Partners LLC raised its stake in CocaCola by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock worth $548,000 after acquiring an additional 293 shares during the period. Algert Global LLC purchased a new position in CocaCola during the first quarter valued at approximately $253,000. T. Rowe Price Investment Management Inc. bought a new position in shares of CocaCola in the first quarter worth approximately $481,000. Finally, AlphaQuest LLC increased its stake in shares of CocaCola by 123.6% in the first quarter. AlphaQuest LLC now owns 10,387 shares of the company’s stock worth $744,000 after purchasing an additional 5,741 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Trading Up 0.2%

Shares of CocaCola stock opened at $70.19 on Tuesday. CocaCola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The company has a quick ratio of 1.00, a current ratio of 1.21 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average price of $70.33 and a 200-day moving average price of $69.43. The firm has a market cap of $301.92 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 3.89 and a beta of 0.39.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. The company had revenue of $11.40 billion during the quarter. CocaCola had a return on equity of 43.62% and a net margin of 27.34%. Equities research analysts anticipate that CocaCola Company will post 2.96 EPS for the current fiscal year.

CocaCola Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. CocaCola’s dividend payout ratio (DPR) is 67.55%.

Insider Buying and Selling

In other CocaCola news, EVP Nancy Quan sold 31,625 shares of CocaCola stock in a transaction on Monday, November 17th. The shares were sold at an average price of $71.17, for a total value of $2,250,751.25. Following the completion of the transaction, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $15,894,396.10. This trade represents a 12.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Henrique Braun sold 40,390 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $70.93, for a total transaction of $2,864,862.70. Following the completion of the sale, the chief operating officer owned 62,621 shares in the company, valued at approximately $4,441,707.53. This trade represents a 39.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 225,252 shares of company stock valued at $15,953,007 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of CocaCola from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CocaCola in a research note on Wednesday, October 8th. UBS Group restated a “buy” rating on shares of CocaCola in a research report on Friday, December 5th. Evercore ISI reaffirmed an “outperform” rating on shares of CocaCola in a research note on Tuesday, October 21st. Finally, Barclays reissued an “overweight” rating on shares of CocaCola in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $79.08.

CocaCola Profile

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.