Westfield Capital Management Co. LP Sells 17,760 Shares of CocaCola Company (The) $KO

Westfield Capital Management Co. LP reduced its position in shares of CocaCola Company (The) (NYSE:KO) by 9.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,050 shares of the company’s stock after selling 17,760 shares during the period. Westfield Capital Management Co. LP’s holdings in CocaCola were worth $11,394,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KO. Brighton Jones LLC raised its stake in CocaCola by 13.3% during the fourth quarter. Brighton Jones LLC now owns 39,072 shares of the company’s stock worth $2,433,000 after acquiring an additional 4,591 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company’s stock valued at $548,000 after purchasing an additional 293 shares in the last quarter. PFG Advisors grew its holdings in shares of CocaCola by 19.5% during the 1st quarter. PFG Advisors now owns 13,853 shares of the company’s stock valued at $992,000 after purchasing an additional 2,265 shares during the last quarter. Advisors Preferred LLC increased its position in CocaCola by 48.6% during the 1st quarter. Advisors Preferred LLC now owns 10,276 shares of the company’s stock worth $739,000 after purchasing an additional 3,359 shares in the last quarter. Finally, Noesis Capital Mangement Corp acquired a new position in CocaCola during the 1st quarter worth approximately $272,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling at CocaCola

In other CocaCola news, EVP Manuel Arroyo sold 139,689 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $70.80, for a total value of $9,889,981.20. Following the completion of the sale, the executive vice president directly owned 58,067 shares in the company, valued at approximately $4,111,143.60. This trade represents a 70.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Quan sold 31,625 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 223,330 shares of the company’s stock, valued at $15,894,396.10. The trade was a 12.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 225,252 shares of company stock valued at $15,953,007 over the last 90 days. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KO shares. Cowen restated a “buy” rating on shares of CocaCola in a research report on Wednesday, October 22nd. Barclays reissued an “overweight” rating on shares of CocaCola in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CocaCola in a report on Wednesday, October 8th. TD Cowen increased their target price on CocaCola from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on CocaCola from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $78.43.

CocaCola Trading Up 0.2%

NYSE KO opened at $71.25 on Friday. The stock has a market capitalization of $306.49 billion, a P/E ratio of 23.59, a P/E/G ratio of 3.57 and a beta of 0.43. The business has a 50 day simple moving average of $68.28 and a 200 day simple moving average of $69.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.21 and a quick ratio of 1.00. CocaCola Company has a one year low of $60.62 and a one year high of $74.38.

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

CocaCola Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 1st. CocaCola’s payout ratio is presently 67.55%.

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.