Measured Risk Portfolios Inc. Sells 1,329 Shares of CocaCola Company (The) (NYSE:KO)

Measured Risk Portfolios Inc. reduced its stake in CocaCola Company (The) (NYSE:KO) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,294 shares of the company’s stock after selling 1,329 shares during the period. CocaCola makes up approximately 2.0% of Measured Risk Portfolios Inc.’s holdings, making the stock its 26th largest holding. Measured Risk Portfolios Inc.’s holdings in CocaCola were worth $1,883,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sage Financial Management Group Inc. acquired a new position in shares of CocaCola in the 1st quarter worth approximately $216,000. Voleon Capital Management LP acquired a new position in shares of CocaCola in the 4th quarter worth approximately $2,513,000. Cornerstone Wealth Management LLC boosted its holdings in shares of CocaCola by 3.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 121,279 shares of the company’s stock worth $8,686,000 after acquiring an additional 3,920 shares in the last quarter. Clark Capital Management Group Inc. boosted its holdings in shares of CocaCola by 31.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 848,868 shares of the company’s stock worth $52,851,000 after acquiring an additional 204,681 shares in the last quarter. Finally, Investors Research Corp boosted its holdings in shares of CocaCola by 21.5% in the 1st quarter. Investors Research Corp now owns 10,419 shares of the company’s stock worth $746,000 after acquiring an additional 1,846 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on KO. JPMorgan Chase & Co. boosted their target price on CocaCola from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Morgan Stanley reissued an “overweight” rating and issued a $81.00 target price on shares of CocaCola in a report on Monday, June 9th. Royal Bank Of Canada set a $76.00 price objective on CocaCola and gave the stock an “outperform” rating in a report on Monday, July 21st. UBS Group reduced their price objective on CocaCola from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CocaCola currently has a consensus rating of “Buy” and an average price target of $77.21.

Insider Buying and Selling at CocaCola

In related news, CEO James Quincey sold 266,403 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the sale, the chief executive officer owned 275,946 shares of the company’s stock, valued at approximately $19,884,668.76. This trade represents a 49.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nikolaos Koumettis sold 37,396 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total value of $2,584,063.60. Following the sale, the insider directly owned 209,513 shares in the company, valued at $14,477,348.30. The trade was a 15.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

CocaCola Stock Performance

Shares of CocaCola stock opened at $69.57 on Friday. The firm has a fifty day moving average of $70.05 and a two-hundred day moving average of $70.06. The stock has a market capitalization of $299.40 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 3.67 and a beta of 0.44. CocaCola Company has a 52 week low of $60.62 and a 52 week high of $74.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21.

CocaCola (NYSE:KO) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. As a group, equities research analysts predict that CocaCola Company will post 2.96 EPS for the current year.

CocaCola Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 2.9%. CocaCola’s payout ratio is presently 72.34%.

About CocaCola

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.