Nwam LLC Trims Position in CocaCola Company (The) (NYSE:KO)

Nwam LLC cut its holdings in shares of CocaCola Company (The) (NYSE:KO) by 11.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,136 shares of the company’s stock after selling 3,155 shares during the period. Nwam LLC’s holdings in CocaCola were worth $1,729,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in CocaCola in the first quarter worth $25,000. Garde Capital Inc. purchased a new stake in CocaCola in the first quarter worth $30,000. Crowley Wealth Management Inc. purchased a new stake in CocaCola in the fourth quarter worth $27,000. Mizuho Securities Co. Ltd. grew its stake in CocaCola by 360.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 460 shares of the company’s stock worth $33,000 after purchasing an additional 360 shares during the period. Finally, Moser Wealth Advisors LLC grew its stake in CocaCola by 449.5% in the first quarter. Moser Wealth Advisors LLC now owns 500 shares of the company’s stock worth $36,000 after purchasing an additional 409 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Trading Down 1.0%

Shares of NYSE:KO opened at $69.88 on Friday. The company has a market cap of $300.78 billion, a P/E ratio of 27.95, a PEG ratio of 3.70 and a beta of 0.45. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.89. CocaCola Company has a 1 year low of $60.62 and a 1 year high of $74.38. The stock’s fifty day moving average price is $70.71 and its 200-day moving average price is $69.07.

CocaCola (NYSE:KO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.23 billion. CocaCola had a return on equity of 45.49% and a net margin of 23.00%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Sell-side analysts expect that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola’s dividend payout ratio is 81.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KO shares. Royal Bank Of Canada upped their price target on CocaCola from $73.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. UBS Group boosted their target price on CocaCola from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on CocaCola from $74.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Morgan Stanley reissued an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Finally, Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $76.71.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Beatriz R. Perez sold 60,326 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.87, for a total value of $4,335,629.62. Following the transaction, the executive vice president owned 187,716 shares of the company’s stock, valued at approximately $13,491,148.92. This represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Quincey sold 266,403 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.06, for a total value of $19,197,000.18. Following the completion of the transaction, the chief executive officer directly owned 275,946 shares in the company, valued at approximately $19,884,668.76. This represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 415,387 shares of company stock valued at $29,923,985. 0.97% of the stock is owned by company insiders.

CocaCola 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.