The Coca-Cola Co (NYSE:KO) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC decreased its stake in The Coca-Cola Co (NYSE:KO) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,917 shares of the company’s stock after selling 2,021 shares during the quarter. Western Wealth Management LLC’s holdings in The Coca-Cola were worth $2,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Westhampton Capital LLC acquired a new stake in shares of The Coca-Cola in the second quarter valued at about $1,879,000. Insight Wealth Strategies LLC grew its position in shares of The Coca-Cola by 12.6% in the second quarter. Insight Wealth Strategies LLC now owns 14,515 shares of the company’s stock valued at $739,000 after purchasing an additional 1,622 shares during the period. Savant Capital LLC grew its position in shares of The Coca-Cola by 2.6% in the second quarter. Savant Capital LLC now owns 29,849 shares of the company’s stock valued at $1,520,000 after purchasing an additional 754 shares during the period. Lincoln National Corp grew its position in shares of The Coca-Cola by 24.4% in the second quarter. Lincoln National Corp now owns 42,263 shares of the company’s stock valued at $2,152,000 after purchasing an additional 8,296 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its position in shares of The Coca-Cola by 49.6% in the second quarter. Prime Capital Investment Advisors LLC now owns 905 shares of the company’s stock valued at $46,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 66.84% of the company’s stock.

In other news, SVP Nancy Quan sold 24,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $54.43, for a total value of $1,306,320.00. Following the completion of the transaction, the senior vice president now owns 189,049 shares in the company, valued at approximately $10,289,937.07. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Robert Edward Long sold 30,412 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $49.97, for a total transaction of $1,519,687.64. Following the completion of the transaction, the senior vice president now owns 57,538 shares of the company’s stock, valued at approximately $2,875,173.86. The disclosure for this sale can be found here. Insiders have sold a total of 488,761 shares of company stock valued at $25,417,705 in the last quarter. 1.33% of the stock is currently owned by company insiders.



KO traded down $0.63 during trading hours on Friday, hitting $53.86. 6,132,195 shares of the company’s stock were exchanged, compared to its average volume of 13,598,651. The Coca-Cola Co has a 12-month low of $44.25 and a 12-month high of $54.82. The firm has a 50 day moving average of $52.90 and a 200 day moving average of $49.28. The firm has a market cap of $230.39 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 3.75 and a beta of 0.48. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 1.44.

The Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The Coca-Cola had a net margin of 21.11% and a return on equity of 45.67%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.86 billion. During the same period in the prior year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts expect that The Coca-Cola Co will post 2.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is presently 76.92%.

A number of equities analysts recently weighed in on the stock. Atlantic Securities assumed coverage on shares of The Coca-Cola in a research report on Monday, July 29th. They set an “overweight” rating and a $62.00 price target on the stock. Royal Bank of Canada restated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 24th. Barclays set a $54.00 price target on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday, May 16th. ValuEngine upgraded shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, HSBC restated a “neutral” rating and set a $52.00 price target on shares of The Coca-Cola in a research report on Wednesday, July 24th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $54.10.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Institutional Ownership by Quarter for The Coca-Cola (NYSE:KO)

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