Regent Investment Management LLC decreased its position in The Coca-Cola Company (NYSE:KO – Get Rating) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,108 shares of the company’s stock after selling 1,340 shares during the period. Regent Investment Management LLC’s holdings in Coca-Cola were worth $2,523,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of KO. Nauset Wealth Management. LLC bought a new position in shares of Coca-Cola in the 1st quarter valued at about $27,000. Delos Wealth Advisors LLC grew its stake in shares of Coca-Cola by 4,770.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 487 shares of the company’s stock worth $29,000 after buying an additional 477 shares during the last quarter. Carl Stuart Investment Advisor Inc. bought a new stake in shares of Coca-Cola in the first quarter worth $34,000. Hillsdale Investment Management Inc. bought a new stake in Coca-Cola during the first quarter valued at $35,000. Finally, Rational Advisors LLC acquired a new stake in shares of Coca-Cola in the 1st quarter worth about $37,000. 68.93% of the stock is currently owned by institutional investors.
Insider Activity at Coca-Cola
In other news, VP Kathy Loveless sold 2,512 shares of Coca-Cola stock in a transaction on Friday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,768.00. Following the transaction, the vice president now owns 1,370 shares in the company, valued at approximately $87,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Kathy Loveless sold 2,512 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,768.00. Following the sale, the vice president now directly owns 1,370 shares in the company, valued at approximately $87,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Henrique Braun sold 11,318 shares of Coca-Cola stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $64.35, for a total value of $728,313.30. Following the completion of the transaction, the insider now directly owns 22,828 shares of the company’s stock, valued at $1,468,981.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,830 shares of company stock valued at $2,939,961. 0.98% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Coca-Cola Stock Performance
Shares of Coca-Cola stock traded down $0.68 during midday trading on Friday, hitting $58.58. The company had a trading volume of 206,080 shares, compared to its average volume of 12,330,705. The stock has a market cap of $253.34 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 3.76 and a beta of 0.54. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.48. The company has a fifty day simple moving average of $62.58 and a 200 day simple moving average of $62.67. The Coca-Cola Company has a 12-month low of $52.28 and a 12-month high of $67.20.
Coca-Cola (NYSE:KO – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $11.30 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Coca-Cola had a net margin of 23.16% and a return on equity of 42.13%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. As a group, analysts predict that The Coca-Cola Company will post 2.46 earnings per share for the current fiscal year.
Coca-Cola Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 16th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a yield of 3.00%. Coca-Cola’s dividend payout ratio is currently 79.64%.
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; flavored and enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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