West Oak Capital LLC lowered its stake in The Coca-Cola Company (NYSE:KO) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,347 shares of the company’s stock after selling 215 shares during the period. West Oak Capital LLC’s holdings in The Coca-Cola were worth $335,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of KO. Bellwether Advisors LLC bought a new position in shares of The Coca-Cola in the 4th quarter worth approximately $25,000. McClarren Financial Advisors Inc. purchased a new position in The Coca-Cola during the fourth quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of The Coca-Cola by 136.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,229 shares of the company’s stock valued at $28,000 after buying an additional 709 shares in the last quarter. Merrion Investment Management Co LLC purchased a new stake in shares of The Coca-Cola in the 4th quarter worth about $33,000. Finally, West Financial Advisors LLC purchased a new stake in shares of The Coca-Cola in the 4th quarter worth about $34,000. 65.99% of the stock is currently owned by institutional investors and hedge funds.
In other The Coca-Cola news, insider Alfredo Rivera sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 9th. The stock was sold at an average price of $51.15, for a total value of $1,023,000.00. Following the transaction, the insider now directly owns 62,000 shares of the company’s stock, valued at $3,171,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kathy Loveless sold 501 shares of the business’s stock in a transaction dated Friday, March 19th. The shares were sold at an average price of $50.46, for a total value of $25,280.46. Following the sale, the vice president now owns 10,224 shares of the company’s stock, valued at $515,903.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,501 shares of company stock valued at $4,246,280. Company insiders own 1.01% of the company’s stock.
NYSE KO traded up $0.01 during trading hours on Wednesday, hitting $53.10. The company’s stock had a trading volume of 222,121 shares, compared to its average volume of 18,964,102. The Coca-Cola Company has a 12 month low of $43.20 and a 12 month high of $54.93. The company’s 50 day simple moving average is $51.48 and its two-hundred day simple moving average is $51.12. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.13 and a quick ratio of 1.01. The company has a market cap of $228.82 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 5.70 and a beta of 0.58.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, February 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The Coca-Cola had a net margin of 24.90% and a return on equity of 41.37%. The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the firm posted $0.44 EPS. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, research analysts predict that The Coca-Cola Company will post 1.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 15th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, March 12th. This represents a $1.68 annualized dividend and a yield of 3.16%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.41. The Coca-Cola’s dividend payout ratio (DPR) is currently 79.62%.
The Coca-Cola Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
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