The Coca-Cola Company (NYSE:KO) Shares Sold by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC cut its position in The Coca-Cola Company (NYSE:KO) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,360 shares of the company’s stock after selling 6,527 shares during the quarter. Sandhill Capital Partners LLC’s holdings in Coca-Cola were worth $3,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Syon Capital LLC increased its position in Coca-Cola by 98.3% in the 4th quarter. Syon Capital LLC now owns 36,180 shares of the company’s stock valued at $2,132,000 after acquiring an additional 17,931 shares during the period. Cross Staff Investments Inc increased its position in Coca-Cola by 6.0% in the 4th quarter. Cross Staff Investments Inc now owns 10,299 shares of the company’s stock valued at $607,000 after acquiring an additional 584 shares during the period. Meritage Portfolio Management increased its position in Coca-Cola by 5.3% in the 4th quarter. Meritage Portfolio Management now owns 80,267 shares of the company’s stock valued at $4,730,000 after acquiring an additional 4,022 shares during the period. Bailard Inc. increased its position in Coca-Cola by 17.2% in the 4th quarter. Bailard Inc. now owns 120,658 shares of the company’s stock valued at $7,110,000 after acquiring an additional 17,664 shares during the period. Finally, BIP Wealth LLC increased its position in Coca-Cola by 1.1% in the 4th quarter. BIP Wealth LLC now owns 34,456 shares of the company’s stock valued at $2,031,000 after acquiring an additional 382 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KO has been the topic of several research analyst reports. Barclays boosted their price target on Coca-Cola from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Citigroup boosted their price target on Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. decreased their price target on Coca-Cola from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.09.

Insider Activity at Coca-Cola

In other Coca-Cola news, CEO James Quincey sold 247,188 shares of Coca-Cola stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the transaction, the chief executive officer now owns 442,546 shares in the company, valued at approximately $26,968,753.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Coca-Cola news, CEO James Quincey sold 247,188 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $60.94, for a total transaction of $15,063,636.72. Following the completion of the sale, the chief executive officer now directly owns 442,546 shares in the company, valued at $26,968,753.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bruno Pietracci sold 18,551 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $59.41, for a total transaction of $1,102,114.91. The disclosure for this sale can be found here. Insiders have sold a total of 375,407 shares of company stock valued at $22,795,742 in the last 90 days. 0.97% of the stock is owned by corporate insiders.

Coca-Cola Stock Up 0.3 %

NYSE KO traded up $0.20 during trading hours on Thursday, hitting $61.75. The company had a trading volume of 19,043,521 shares, compared to its average volume of 14,033,869. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 0.95. The firm’s 50 day moving average is $60.02 and its 200 day moving average is $58.74. The company has a market capitalization of $266.22 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 3.46 and a beta of 0.59. The Coca-Cola Company has a fifty-two week low of $51.55 and a fifty-two week high of $64.69.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $10.80 billion for the quarter, compared to analyst estimates of $10.68 billion. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Sell-side analysts anticipate that The Coca-Cola Company will post 2.81 earnings per share for the current fiscal year.

Coca-Cola Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a dividend of $0.485 per share. This is a boost from Coca-Cola’s previous quarterly dividend of $0.46. This represents a $1.94 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, March 14th. Coca-Cola’s dividend payout ratio is 78.23%.

Coca-Cola 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.