CocaCola Company (The) $KO Shares Sold by Northwest Capital Management Inc

Northwest Capital Management Inc trimmed its position in shares of CocaCola Company (The) (NYSE:KO) by 36.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,693 shares of the company’s stock after selling 1,554 shares during the period. Northwest Capital Management Inc’s holdings in CocaCola were worth $191,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. NorthRock Partners LLC raised its position in CocaCola by 4.4% in the second quarter. NorthRock Partners LLC now owns 50,458 shares of the company’s stock valued at $3,595,000 after purchasing an additional 2,141 shares during the period. Oregon Public Employees Retirement Fund raised its position in CocaCola by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 334,695 shares of the company’s stock valued at $23,680,000 after purchasing an additional 2,000 shares during the period. Astoria Portfolio Advisors LLC. raised its position in CocaCola by 1.8% in the second quarter. Astoria Portfolio Advisors LLC. now owns 17,656 shares of the company’s stock valued at $1,220,000 after purchasing an additional 312 shares during the period. Concord Asset Management LLC VA raised its position in CocaCola by 5.6% in the second quarter. Concord Asset Management LLC VA now owns 61,457 shares of the company’s stock valued at $4,348,000 after purchasing an additional 3,250 shares during the period. Finally, Total Clarity Wealth Management Inc. raised its position in CocaCola by 31.7% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,507 shares of the company’s stock valued at $319,000 after purchasing an additional 1,084 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

CocaCola Stock Performance

Shares of KO stock opened at $66.76 on Tuesday. 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 Company has a one year low of $60.62 and a one year high of $74.38. The company’s 50-day simple moving average is $68.01 and its 200-day simple moving average is $69.82. The stock has a market capitalization of $287.29 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 3.49 and a beta of 0.43.

CocaCola (NYSE:KO) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.55 EPS for the quarter. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. The business had revenue of $11.40 billion for the quarter. Equities analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. CocaCola’s dividend payout ratio (DPR) is presently 72.34%.

Insider Activity at CocaCola

In other news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the transaction, the insider owned 209,513 shares of the company’s stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on KO. Weiss Ratings reissued a “buy (b-)” rating on shares of CocaCola in a research report on Wednesday, October 8th. UBS Group cut their price objective on CocaCola from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Wells Fargo & Company lowered their target price on CocaCola from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their target price on CocaCola from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, BNP Paribas restated an “outperform” rating and set a $83.00 target price on shares of CocaCola in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $76.93.

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.